HSBC, a high street bank with 14 million customers, has plans to make debit cards fee-free for all spending abroad. This means customers will no longer need two separate debit cards when travelling overseas, HSBC UK has informed its customers and account holders.
The bank aims to make all UK-based debit cards fee-free for holidaymakers and tourists. The change will start with Premier current account customers, according to the Sun newspaper, which reported the news today.
HSBC plans to eventually waive all fees on its UK-based debit cards so that nobody pays more in fees than others when travelling overseas. After Premier current accounts, the changes will be introduced to HSBC Advance and standard bank account customers.
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At present, the HSBC Global Money account is available for UK tourists. "Spend, send and manage your currencies in one place using the HSBC UK Mobile Banking app," says the high street bank.
"Join the many customers who are benefitting from HSBC UK's best exchange rates, and access to more than 200 countries and regions worldwide.", reports Birmingham Live.
With the HSBC UK Mobile Banking app and a Global Money Account, you can spend money abroad without any HSBC or intermediary bank fees. You can also send money free from HSBC fees in over 50 currencies to 200 countries and regions with Global Money transfers.