Travel Money Debit Card Fees – What the changes mean to the average holidaymaker

Leading money saving website www.moneymaxim.co.uk offer their explanation on what the recent travel money debit card fee changes mean.Charges made on travellers and holidaymakers by some banks when they buy foreign currency are being axed following pressure from the Office of Fair Trading (OFT). The charges that they levy on debit card transactions, which can include a foreign transaction fee of around 3.0%, will now be clearly itemised on monthly statements. The firms who have agreed to remove additional charges levied when purchases of foreign currency are made are Lloyds, Barclays,