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Why you should ALWAYS pay in local currency on holiday: Brits are duped out of £380million a year in hidden fees by paying in pounds

Mail Online

  • Brits pay for goods and services amounting to £26.4billion a year abroad
  • New research suggests 24 per cent of this figure has an extra fee applied
  • Fees range between three and 10 per cent but many don't know about it

Many travellers find it easier to use credit or debit cards instead of carrying cash while on the road. But new research shows that a fifth of UK holidaymakers are unwittingly paying up to 10 per cent extra in fees while using their cards abroad.

Over the course of a year, this amounts to approximately £380million with a significant chunk of this figure accumulated by holidaymakers opting to make payments in their home currency while overseas.

Read the full article here.

Friday 29 July 2016, 02:39pm

Leicester City eye transfer market savings after agreeing partnership with FairFX trading firm

City AM

Premier League champions Leicester City have capitalised on their success by striking a partnership with a City-based foreign exchange provider that they hope will save them millions of pounds in the transfer market.

Leicester will work with FairFX's international payments service when conducting all overseas transfers after agreeing a two-year deal with the firm.

Read the full article here.

Thursday 28 July 2016, 10:53am

Revealed: The cheapest week of the summer holidays


It costs a lot more to go on holiday during the school summer break, but you can save £459 by choosing the cheapest, rather than most expensive, week to get away.

You can knock 21% off the cost of a summer holiday with the family by choosing the right week to get away, new figures show, without having to risk fines by pulling your children out of class in term time.

Currency firm FairFX looked at the cost of more than 700 holidays this summer to popular holiday destinations Majorca, the Algarve and Gran Canaria, to see if there was any way for families to escape the sumer holiday hikes – and found there were huge differences in price depending on when you book.

It found a family departing on the weekend of August 27 could save £459 compared with one flying out on August 6.

Read the full article here.

Tuesday 19 July 2016, 09:18am