Wednesday, July 8, 2009

Prepaid Card Fees are Being Dropped

This article in This is Money highlights that many prepaid cards are becoming cheaper to use, followed by Caxton FX's recent removal of their cash withdrawal fee.

While other companies have not yet removed their cash withdrawal fees, many have lowered the rate. The cheapest prepaid cards after Caxton FX comes from Barclays, FairFX, Lloyds TSB, the Post Office, Ice, Thomas Cook and Travelex. It will be interesting to see how this will progress over the next couple of years.

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