Underlying Card ATM limits

#1

Hello,

I have a Transferwise card which limits free ATM withdrawals to £200 every 30 days after which they charge a fee of 2%.
Do ATM withdrawals using my Curve card count towards this limit or are they normal transactions?

Thanks
Bruce

#2

Curve uses MCC passthrough, meaning if you use an ATM charge categorizes the withdrawal as withdrawal MCC, then Curve will pass this info to transferwise, meaning the 200GBP would apply.

#3

That might be in theory but in practise I’ve never seen that happening. No credit card that I have classifies atm withdrawals with Curve as withdrawals, meaning credit cards that normally charge for cash advance won’t do so using Curve.

With Revolut, Curve withdrawals are treated as a normal purchase and don’t count towards Revolut’s ATM limit.

I suspect Transferwise will do likewise. My suggestion would be to try with a small amount and see how transferwise handles it

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#4

Thanks, I’d never thought about checking the underlying card limit.
I’ll give it a go.

#5

Can confirm that Halifax Clarity also did not recognise a Curve ATM withdrawal as ATM transaction. Obviously that doesn’t mean its the same for other cards.

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closed #6

Resolved