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Post Office Joins Euro Revolution

Writes Dan Drage dan.drage@consumerchoices.co.uk

Cash machines have been installed in a number of Post Offices dispensing commission free foreign currency.

UK holidaymakers can now obtain commission-free foreign currency from new specially designed cash machines at selected Post Office (www.postoffice.co.uk) branches.

The ATMs, introduced as a method of avoiding lengthy queues, are being trialed in the following locations:

• Ashford
• Fareham
• Basingstoke
• Harlow
• Birmingham
• Crawley
• Dartford
• Harrogate
• Bristol
• Solihull
• City of London
• Trafalgar Square
• Stockport

All cards featured within the ‘Link’ network are accepted, and currency up to the card’s daily withdrawal limit may be taken out.

Customers using the ATMs will simply be able to insert their debit cards and select one of two mainstream currencies (euros or US dollars). There will be no charge for withdrawing cash.

Helen Warburton, head of Post Office travel services had the following to say:

“Holidaymakers can make real savings by avoiding all the charges and commission associated with using overseas cash machines abroad, and have more cash to enjoy on holiday instead”

She continues:

“Our new ATM machines are a hassle-free, convenient and economic way for holidaymakers to get their holiday money from an ATM in this country at the push of a button.”

The Post Office is currently the UK's largest bureau de change provider with a 25% market share, offering over 70 different currencies with 0% commission on all foreign currency and Travellers Cheques.

Chris Eagle, Commercial Manager at Credit Choices, has further options:

“For those who’re devoted to overseas spending with plastic, the Post Office credit card is one of the few cards which offers 0% commission on overseas transactions. Alternatively, the pre-paid 'Travel Money Card' is available in three different currency types: pounds sterling, euros or dollars.”

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