Travel Money >

Mirror Newspaper Article Exposes Zero Commission Travel Money Deals As Rip-Off

The Mirror

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

Tags: euro, europe travel, euro rate, euros, exchange rates, opodo, press mentions, rip-off

feed
Subscribe to our feed

Updates by email:

Latest Posts

Fly off for sun and savings

12 July 2010, 10:50am

25 ways to save £4,000

18 May 2010, 09:15am

Monthly Archives

2010

July (4 entries)

June (2 entries)

May (6 entries)

April (5 entries)

March (5 entries)

Febuary (4 entries)

January (6 entries)

2009

December (3 entries)

November (3 entries)

October (3 entries)

September (15 entries)

August (4 entries)

July (7 entries)

June (9 entries)

May (8 entries)

April (12 entries)

March (5 entries)

Febuary (7 entries)

January (16 entries)

2008

December (13 entries)

November (12 entries)

October (10 entries)

September (9 entries)

August (20 entries)

July (26 entries)

June (8 entries)

May (8 entries)

April (3 entries)

March (7 entries)

January (1 entry)

2007

November (7 entries)

Tags

0% commission 0% myth ATM Sunday Times Sunday Times Travel Magazine The Sun Travel Magazine abroad airport airports anywhere card atm fees australia dollars bank banks birmingham airport boom times british travellers canada dollars card cash cash abroad charges christmas com consumers credit card credit cards credit crisis credit crunch currencies currency currency card currency card discussion currency card reviews currency cards currency discussion currency exchange currency providers currency rates currency report currency volatility czech koruna daily express daily mail danish kroner deal of the week debit cards dis boards discussion dollar dollar exchange rates dollar rates egypt euro euro currency euro rate europe travel euros exchange rate exchange rates express fair exchange fairfx fairfx talk feeling the pinch financial times foreign foreign currency foreign exchange foreign exchange card reviews foreign exchange cards forex forums ft ft.com gap year gatwick global travel card global traveller card great british pound sterling guardian heathrow hidden charges holiday holiday cash holiday charges holiday costs holiday currency holiday list holiday money holiday spending holidaymakers hong kong dollar hungarian forint inflation interview introduction japanese yen last minute lock in rates london city luton malaysian ringgit mastercard mirror mobile banking mobile top ups money money articles money magpie money saving money supermarket money talk money tips new turkish lira new zealand dollars norwegian kroner offers opodo post office pound weakness prepaid prepaid card prepaid card reviews prepaid cards prepaid currency cards press press mentions publicity purchases rand recession retire abroad retiring abroad review credit cards rip-off ryanair save money saving money singapore dollars sky news skynews sms banking sms services sms top-up south africa south african rand spending spending power stephen heath sterling strong euro summer holiday sunday herald swedish krona swiss franc telegraph testimonials text banking text top-up thai baht the dibb the guardian tips to do list top travel tips travel travel card travel cash travel insurance travel money travel money card travel plans travel report travel tips travelex travellers turkey tv tv ad twitter united arab emirates dirham united states dollar us dollar us dollar rates usa travel using bank cards abroad uswitch video withdrawing cash world cup world travel year out