DOES 0 PER CENT CURRENCY EXCHANGE RATE REALLY EXIST?

Want to hear more about the myth of ‘0 per cent commission’ charged by foreign currency providers? Looking for an expert to comment on foreign currency exchange issues? Want someone to identify and explain the cheapest ways for people to spend money abroad?

Perhaps you’re looking for comment on:

• Foreign currency exchange rates

• Hidden charges levied on foreign currency purchases by providers

• The myth of 0 per cent currency exchange commission

• Pre-paid cards or foreign currency cards

• Pre-paid cards versus debit/credit cards

• Brits spending habits abroad

• New innovations in the foreign spending arena

• Top tips for getting more for your money when abroad

FairFX Plc is an internet based foreign exchange business with a technology platform that provides UK travellers with market leading foreign exchange rates. FairFX's core product is the FairFX Currency Card which is denominated in Euros and US$. The card is a Prepaid MasterCard issued by Newcastle Building Society.

Customers can buy online using debit/credit cards or internet bank transfers. By eliminating traditional methods of providing foreign currency such as Travel Money bureaus and kiosks, customers are offered business level foreign exchange rates rather than paying up to three per cent on typical UK Bank debit card usage, five per cent more on the High Street, or even up to 12 per cent more at UK airports.

FairFX has been established by a group of people committed to giving the consumer a fair deal. The business is owned by very experienced private investors and Directors. All FairFX Directors are substantial investors in the Company. FairFX is a Public Limited Company and has a Money Service Provider Licence issued by HMRC (Her Majesty's Revenue and Customs).

Monday 23 June 2008, 05:08pm

Tags: 0% commission, 0% myth, cash abroad, hidden charges, interest rate, opodo