Four Major UK Newspapers Seek to Expose 0% Commission Travel Money Myth

Four major UK newspapers are seeking to expose the 0% travel money myth to ensure that holidaymakers get as much foreign currency for their money as possible in 2009.

Stories in the Mail, the Guardian, the Observer and the Times have highlighted that 37% of travellers thought that meant they were getting their foreign currency for free when they were told it was "0% commission".

The Mail started off by announcing that the OFT asked to probe claims travellers are being 'conned by currency charges'. Soon after, the Guardian continued by saying that firms are being accused of giving misleading headlines to mask poor exchange rates. The 0% focus continued with the Observer saying that the falling value of the pound means getting a good deal on currency exchange is ever more important before the Times discussed the '0% deals' which are often anything but.

FairFX.com Chief Executive Stephen Heath concluded: "People think they are paying '0% commission', but that couldn't be further from the truth."

Monday 06 April 2009, 05:09pm

Tags: 0% commission, 0% myth, dollar, euro, euro rate, euros, exchange rates, opodo, press mentions, sterling