Great Britian to Become Little Britian??

Independent

Thought provoking...

Yeah, not sure if I agree with some of it though

It's a leap into the unknown. We'll never know until we do it. (Bit like independence, people are scared of change).

Britain doesn't "make" anything anymore. Manufacturing industry is about extinct...

Does that mean Yanks won't be able to withdraw money from ATM's in the Euro zone?

3rdforum wrote:Does that mean Yanks won't be able to withdraw money from ATM's in the Euro zone?

Oooh! Good point that! Over to you Paul...

the SINGLE EUROPEAN CURRENCY IS THAT - within its area only cards that go with the new standard will work in ATMs and shop POS . 
On 31 October 2016, payment service providers in non-euro countries will only be able to collect euro-denominated payments using SEPA procedures. Non-Euro schemes, such as UK Direct Debit, will continue without change

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SEPA consists of 35 countries:^[2]

• The 28 member states of the European Union, including
  
  
  
  • the 19 states that are in the Eurozone:
    
    
    
    • Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia,Spain, and
      
    
    
    
  • the nine states that are not in the Eurozone:
    
    
    
    • Bulgaria, Croatia, the Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, United Kingdom.
      
    
    
    
  
  
  
• The four member states of the European Free Trade Association:
  
  
  
  • Iceland, Liechtenstein, Norway, Switzerland.
    
  
  
  
  

Regulation (EC) No 924/2009 on cross-border payments in the Community eliminates the differences in charges for cross-border and national payments in euro. It applies to payments in euro in all EU Member States. The basic principle is that the charges for payment transactions offered by a payment service provider (e.g. your bank) have to be the same, for the payment of the same value, whether the payment is national or cross-border.



DEBIT CARDS ARE INTERNAL CARDS NOT INTERNATIONAL CARDS . an american would not think of taking a CASH CARD from texas to mexico and expect it to work ,so most AMERICANS will have CREDIT CARDS 


the same will be true of any other cards that are not EURO cards . IF YOU HAVE A EURO ACCOUNT WITH YOUR BANK IN THE UK ,THEN YOU CAN STILL USE YOUR CARD its only cards in British pounds,romanian leu, bulgarian lev,polish zloty

So does that mean if an American or British person e.g. load up their credit cards so that they are in credit, they still will be able to use them to withdraw money at ATM's in the Eurozone?

CREDIT CARDS are nothing to do with it because its not your CC its the VISA or MASTERCARD 
they will bill you in any money you like ,however a brit paying everything on a credit card (and a lot of people cant get em) will be find its not as cheap as a debit card .TAKING CASH ON A CREDIT CARD COSTS 
your in IRELAND,if you trasfer some money from your bank to your brother in dublin it cost you what it cost you as per the deal with your bank ,if you wanted to take the kids to FINLAND and wanted to pay for it IT WILL COST YOU THE SAME AMOUNT ..

Paul Novak wrote:CREDIT CARDS are nothing to do with it because its not your CC its the VISA or MASTERCARD 
they will bill you in any money you like ,however a brit paying everything on a credit card (and a lot of people cant get em) will be find its not as cheap as a debit card .TAKING CASH ON A CREDIT CARD COSTS 
your in IRELAND,if you trasfer some money from your bank to your brother in dublin it cost you what it cost you as per the deal with your bank ,if you wanted to take the kids to FINLAND and wanted to pay for it IT WILL COST YOU THE SAME AMOUNT ..

Ah right, gotcha. Incidentally, if your credit card is in credit ( at least my one anyway ) there are no charges for withdrawing cash at ATM's ( apart from the usual bank charges)

i understand what you are saying ,but its up to the bank you take the money from how much they want to charge in fees could be a lot .
however if you have an IRISH EURO DEBIT CARD you wll only pay what you do back in ireland ...