Mirror Newspaper Article Exposes Zero Commission Travel Money Deals As Rip-Off
A recent article in the Mirror has exposed zero commission travel money deals as a rip-off.
The article highlighted the fact that many shoppers attracted by special deals often don't realise that terrible exchange rates are costing them up to 120 euros when they change £1,000 worth of travel money.
Surprisingly, the Post Office were highlighted as one of the bad boys. They strongly promote zero commission deals – but its rates are very poor if you change money at its branches rather than online. At the time the article was published they offered just 1,094 euros for £1,000.
At the same time a leading prepaid travel money card like FairFX would give you 1,152 euros for £1,000, a significant saving of 58 euros.
FairFX Chief Executive Stephen Heath was quoted in the article. Click here to read the article in full.
Thursday 17 September 2009, 10:38am