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Interbank FX Debit Card Debut...

I agree with what Jhig said. This new card is nothing to write home about, just a marketing gimmick.
Let`s see the dirty details...
45$ for delivery, then 1$ monthly maintenance, then 2$ load + 2,45$ per withdraw +2,2% (* When a Purchase Transaction or ATM Withdrawal is requested outside of the U.S., up to 2.2% above market rate will be assessed based on current foreign exchange rates)

You call this Welcome to the Future ??!!
you should be ashamed of yourself, ripping off non-US clients like that and posing as a great new facility.
The worst thing I can be is the same as everybody else. I hate that.
Quoting Jhig
I like the idea of having a debit card linked to my trading account. But looking over the prices, IBfx debit card customers are charged for just about everything. I'm sure this idea will take off with other brokers but unless the fee structure is more "user friendly/cost effective for both parties", I don't think many traders will sign up. It's cheaper to stick with your bank's debit card and use that card to fund/withdrawal monies out from your brokerage account.
International customers can't withdraw from IBFX through their bank's debit card as far as I know, only bank wire at $25 a time.
Hi Lucky Lady,

You can both deposit and withdraw from your IBFX Trading account with the new Interbank FX Global Debit card. Thanks!

~Abigail
Quoting Abigail
Hi Lucky Lady,

You can both deposit and withdraw from your IBFX Trading account with the new Interbank FX Global Debit card. Thanks!

~Abigail
Thanks Abigail, I know that, I was answering jhig when he said it would be cheaper to use our bank debit card to deposit and withdraw, which we can't do.
I only found out about this because i was going to convert my demo account to a live trading account, but with the extortionate fees for moving funds into and out of the account, i've decided to take my business elsewhere. I'm in the UK.
  • Post #26
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  • Last Post: Jun 29, 2010 6:35am Jun 29, 2010 6:35am
Quoting nef_uk
I only found out about this because i was going to convert my demo account to a live trading account, but with the extortionate fees for moving funds into and out of the account, i've decided to take my business elsewhere. I'm in the UK.
oh dear.
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