- only three overseas ATM withdrawals per month will now be free
- you can no longer escape fees while leaving money in your OneSmart account indefinitely, just by making sure you have it all in foreign currencies, and making a tiny transaction every three months (though this is softened by the fact that the Monthly Account Fee has been reduced)
That's right, this newsletter "which has been designed to bring you up to speed on any programme, partner, schedule or business changes we think you need to hear about" didn't have a single thing to say about upcoming changes to the OneSmart fees schedule and terms and conditions!
[Added 21 May 2013:
Despite this outrage, I have to say that there is a pretty neat feature being introduced at the same time: a Virtual Card which "means a 16-digit MasterCard card number, security code (CVC2) and expiration date that is different from your Physical Card and can be used to access your OneSmart Account. A Virtual Card can be used for online and telephone transactions only."
This isn't much use if you mislay your OneSmart card when you want to get cash out, but it is reassuring to know that your real number is safe if your virtual number used online has been compromised. If only I had a virtual card for my normal credit card too!
|Information about a Virtual Card on the terms and conditions page.|
Out of interest, how did you first find out about these changes? I've created a poll which you will find on the right (unless you are reading this post in the mobile view).
[Added 27 June 2013: The poll is now over. The results are as follow:
I logged in to my OneSmart account 5 (29%)
I looked on the OneSmart website 2 (11%)
I read the newspaper on 14 May 0 (0%)
I read Nom Nom Panda's blog 9 (52%)
I read some other blog 0 (0%)
My friends told me 1 (5%)
I noticed I was charged a fee 0 (0%)