The first travel money comparison service is being launched by website company moneysupermarket.com.
The new and exclusive facility enables people to compare fees and commissions for foreign exchange, Sterling travellers’ cheques, or using credit, debit or pre pay cards .
Helpful information can be obtained from the new service as comparisons show significant differences when exchanging pounds for foreign currency . If, for example, a customer wanted to order €1,000 from Lloyds TSB then they would be required to pay £709.50, £30.16 more than first direct would offer in return.
Credit card usage abroad could also bring some shocks to travellers .
If you wanted to withdraw £100 in Europe it would cost no more than £3.32 with a Post Office Platinum card, where as using an Egg card would set you back £7.39, over double the cost incurred with the Post Office .
"When going on holiday travel money is often the last thing people think about, leaving it right until the last minute and getting it just before they board the plane," said Rob Kenley, Head of travel money at moneysupermaket.com.
"What they don’t realise is that this is the most expensive place to arrange their travel cash . Shopping around long before takeoff can mean big savings ."
Mr Kenley added, "But our new service is not restricted just to foreign exchange. These days many travellers rely on the convenience of plastic to pay for their holiday purchases, despite the fact they may pay dearly for doing so. Comparing the best credit, debit or pre pay card before departure will help inform holidaymakers of the cheapest way to fund all kinds of travel expenses."
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Launch Of New Travel Money Website Mon, 18 Dec 2006      Recommended linksBuild your ideal holiday packageGet a free annual or multi trip travel insurance quote Find great deals on low cost flights Find and book your hotel online UK Travel Agents Still Providing High Quality Service Brits Heading Abroad For The Christmas Season |
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