Do you know how to make money when on holiday?

[kgt]

Abbey have been bought by Santander of Spain and if you withdraw money from a Santander cash machine up until the end of September with your Abbey bank card they will pay you 2% of the withdrawal directly in to your Abbey bank account.

[sponsmith]

Sounds too good to be true.
What would they gain out of doing that? Apart from losing a lot of money, there dosen't seem to be any logical business sense in doing that.
Where did hear about this deal?

[kempie]

This partial quote from The Guardian -

...Abbey customers holidaying in Spain who use their Abbey Visa Debit or Visa Electron card to withdraw cash from one of Banco Santander's 4,300 cash machines will get 2% cashback...

...It's a nice idea - but this is definitely a case of giving with one hand and taking with the other. Abbey's customers will still be hit with an ATM cash handling fee of 1.5%, plus the standard 2.75% fee for overseas use which is often known as the "exchange rate loading fee".

http://money.guardian.co.uk/weekly/story/0,,18 14949,00.html

[compman]

For Spain, you'd be better off using a Saga or Nationwide card, I would have thought.

[spudqueen]

Not much use either way in Blackpool!