Sun

18

Aug

2013

Withdrawing Money from the ATM’s at the London Heathrow Airport? Don’t Fall on the Travelex Currency Conversion Scam. | LoyaltyLobby

Here is an example from London Heathrow airport on Monday. I had a booking with an airport hotel and needed some cash for the cab or the bus. There are number of ATMs all over the places that are praying for clueless tourists. Again, the ATM shows that there is NO-COMMISSION in very large font and the exchange rate from pounds to euros. On the lower right, however, on a very small font is the admission that they charge 5.5% margin in top of the wholesale rate. If this margin is not a commission, what is it then? Quit a few card companies have stopped charging for currency conversions altogether. These foreign currency transactions are processed through MasterCard and Visa networks at competitive rates. Some card issuers do charge for a foreign transaction fee regardless in what currency the transaction is made. So, even if you withdraw the money in your local currency after the DCC, your bank might still charge their fees. My advice has always been to decline these automatic currency conversions unless you want the ATM operators to make quite a few extra bucks out of you.
For the original version including any supplementary images or video, visit http://loyaltylobby.com/2012/02/08/withdrawing-money-from-the-atms-at-the-london-heathrow-airport-dont-fall-on-the-travelex-currency-conversion-scam/

The price of a pack of fags will restore the sight of 12 people. The price of a bottle of cheap gin can save over 2000 people going blind because of river blindness. That is amazing isnt it. As I have been advised to abstain from alcohol and tobacco for the time being I thought Id take the opportunity to train for the London Marathon to raise cash, but have subsequently been told not to do that on medical grounds. So instead I am going to completely abstain from alcohol and tobacco for a year and would like people to sponsor me.
For the original version including any supplementary images or video, visit http://www.justgiving.com/Nik-Dadson/?utm_source=Facebook&utm_medium=fundraisingpage&utm_content=Nik-Dadson&utm_campaign=pfp-share

Nik Dadson is fundraising for Sightsavers

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For the original version including any supplementary images or video, visit http://www.youtube.com/watch?v=PW9-mEPJbjM&sns=tw

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