News Tag: FairFX

August 20, 2009

Which? issues online currency exchange warning

by David Masters
Consumer advice magazine Which? has warned Brits planning a holiday overseas to watch out for hidden charges on online currency exchange services. Competitive exchange rates offered by online providers may be tempting, Which? said, but additional charges such as credit card transaction fees and delivery fees can make online currency services more expensive than the high street. Dan Moore, senior researcher at Which?, ...

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May 8, 2009

FairFX offers 1.5 USD for GBP

by David Masters
Currency exchange provider FairFX is offering one of the cheapest deals available on US dollars. The website is currently the only provider offering a rate of $1.50 for £1. Stephen Heath, FairFX.com chief executive, said the rate is "good news for anyone planning a trip to the states". Heath said that because of the current volatility in exchange rates, holidaymakers planning a trip to ...

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April 7, 2009

Beware the myth of ‘commission free’ exchange rates

by David Masters
British holidaymakers are being misled into believing that a 'commission free' exchange means they are getting the best deal for their holiday money. Online currency provider FairFX said many Brits are unaware that the exchange rate is just as important as the commission fee in determining how much of a foreign currency they're getting for their pound. On the high street, ...

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Post Office and Nationwide cards best for international travel

by David Masters
International travellers are best to opt for the Post Office Platinum credit card, according to research by moneysupermarket.com. Debit card holders, meanwhile, are advised to choose the Nationwide FlexAccount. The price comparison website said the Post Office's card offers free purchase protection, no overseas charges, and zero percent on purchases for three months. "This is a far better prospect than other ...

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