Beware the Post Office "Zero Commission" on Foreign Currency
An excellent article in the Times has warned travellers to be aware of banks, bureaux de change and the Post Office increasing their profit margins on foreign currency exchange.
The story, which features research conducted by FairFX tells that the Post Office, where nearly a third of travellers obtain their euros and US dollars, has almost doubled its margin in the past three months from around 2.9% to 5.6%.
It also shows that on Wednesday, the cost of €1,000 using the Nationwide credit or debit card was £934 — £12 more than it would have been with FairFX.
Click here to read the article in full.
Monday 12 January 2009, 03:16pm
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