Use Nationwide debit card for withdrawing cash from ATMs because there are no fees to pay. Either Nationwide credit card or Post Office credit card is good for making purchases abroad because there are no fees to pay and you benefits from the interest free period. If using a credit card abroad, make sure you set-up a direct debit to repay all or part of the balance each month to avoid late payment fees and check your balance online.

Regarding the credit cards abroad - use the Money Supermarket search engine to find best cards - but at the last count I saw that both the Nationwide and Post Office credit cards do not charge the 2.75% usual charges for use abroad that other cards do.

Hi

Nationwide debit cards are the ones that are currently most cost effective to use overseas. This being the case open an nationwide flex  current account this will give you a debit card and chequebook. Open an E  savings account . This is an internet based savings account  which  will pay about 5.8% gross . You can then transfer the money from the E savings account to the current account as you need to from internet cafe.

Remember If you are using internet cafe to clear the history afilesfter you have finish  surfing

Hi

We are selling up and leaving the country for 6 months to go travelling. We will have a lump sum of circa £170k from the house sale to put somewhere while we are out the country.

Can you tell me what our options are in order to capatalise on tax efficiency and gain the most interest from the lump sum. We can leave the money in place for a period of 6 months.

 My other questions relates to the recent press regarding credit cards charges for use abroad. As we are travelling around the world, we dont want to be burdened with travellers checks and were going to rely on our bank card and credit cards. Are there any card providers which dont charge the earth for cash withdrawls abroad?

 

Thanks