Socialist Worker

Holiday rip off

Issue No. 1712

Holiday rip off

Banks are ripping holidaymakers off for �180 million a year. For every �100 spent on meals, petrol, souvenirs and hotel bills abroad, credit card handlers charge up to an extra �2.75. Cash withdrawal from machines is even more of a con. For every �100 taken out the bank adds another �4.75, although only �2 shows up on the statement.

Banks hide their charges by including them in the exchange rate of another currency into sterling.


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News
Sat 2 Sep 2000, 00:00 BST
Issue No. 1712
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