Weekly Mystery Shop | Markups As Low As 1%
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MyTravelMoney.co.uk Mystery Shop
| £600 worth of €uros | Exchange Rate | Amount of € | Mid Market Rate | % Margin applied by provider |
|---|---|---|---|---|
| Icici Bank - Online | 1.229 | 738.869 | 1.248 | 1.500 |
| TravelFX - Online | 1.226 | 736.646 | 1.248 | 1.796 |
| Moneycorp- Online | 1.225 | 736.105 | 1.248 | 1.868 |
| Lloyds - Highstreet | 1.185 | 712.125 | 1.248 | 5.065 |
| Barclay's - High Street | 1.181 | 709.781 | 1.248 | 5.378 |
| Moneycorp - Gatwick | 1.127 | 677.087 | 1.248 | 9.736 |
| Travelex - Heathrow | 1.123 | 675.043 | 1.248 | 10.009 |
MyTravelMoney Mystery Shop data is collected in real time on August 19th from 10:30am-10:45am
Key Findings
- Don’t waste a minute waiting in line at an airport bureau or a Pound in your currency exchange, compare options online!
- 0% Commission? I don’t think, we call your bluff!
- Online currency specialists offer markups as low as 1%, that’s a save!
- Banks may tell you no fees, but there’s no feeking way that’s true.
Co-Founder at MyTravelMoney Stevan Litobac comments:
“If you look back you’ll see that history repeats itself! Banks and airport bureaus repeatedly claim ‘0% Commission’ which is nothing more than a misleading strategy to get you to do business with them. Online specialists can offer you a more transparent way to buy your holiday money. Research your options! ”
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