Originally Posted by
remyontheroad
Went to a Tesco ATM in Ealing last night, asked for 100gbp, declined their currency conversion (9.99% fee) and it spat out my money.
Checked my bank and was debited $127.76 (compared to the mid market rate of 125.52 according to the Google's. )
Wow I wouldn't have thought that Tesco ATMs would attempt DCC, and at 10% too.
Visa has published their exchange rates in advance for a long time, and Mastercard started doing it in 2020 or 2021. Since then, for every transaction I have checked, the the following sites have shown me the exact amount I eventually get charged.
https://www.visa.co.uk/support/consu...alculator.html
https://www.mastercard.com/global/en...-currency.html
I'm not sure exactly when a day rolls over. But it's particularly useful if my target currency depreciates during the course of a day - if possible I will wait until the drop is reflected in the V/MC exchange rate before making my spend.
For example if I am using a GBP card to spend in USD, the actual rate is 1.26 and the V/MC rate is 1.255. If I see that USD drops to 1.27, I want to wait until the V/MC rate gets updated to closer to 1.265, and those sites will tell me when that has been done.