Online banking

Online banking

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Credit Cards

What is a Cash Transaction fee?

When you use your credit card to make a ‘cash-like’ transaction, you’ll be charged a Cash Transaction fee.  Cash transactions include:

  • Gambling transactions - these include using your card to buy lottery tickets,  online gambling sites such as bet365 and Gala Bingo as well as traditional bookmakers like William Hill

  • Buying foreign currency from anywhere other than Tesco Travel Money – so if you use your Tesco credit card to buy your currency from other providers such as M&S, you’ll be charged a cash transaction fee. This also covers the purchase of cryptocurrencies such as Bitcoin or Coinbase.com

  • Payments to prepaid or virtual cards such as Parentpay, Nimbl, Western Union, etc

  • Wire or international money transfers through companies such as Transferwise, MoneyGram, Azimo, etc

  • Finance payments such as repaying borrowing (e.g. loans, mortgages and credit cards) – this includes student loans, store cards, car finance repayments, Klarna etc

  • Investments and share trading where you purchase shares/commodities using companies such as Trading 212, Plus500, eToro, etc

  • Spread betting with companies such as IG.com, City Index, etc