first direct extends fee-free travel money offer to 2007

25 May 2006
Internet bank first direct has announced that it is extending its offer of commission and fee-free travel money until the end of January, 2007.

Customers can order the currency they need for foreign travel over the internet, making the process more convenient as well as cheaper.

The HSBC Group bank boasts competitive exchange rates and next-day delivery for cash and travellers' cheques, in addition to the lack of standard fees.

"With British tourists expected to take over 61 million overseas trips this year, a saving like this could save the nation almost £1.2 billion," said Kam Madahar, head of travel money for first direct.

This is "enough to send 3.9 million people – or everyone in Merseyside, Birmingham and Essex - to Egypt for 14 nights in a five star hotel" she added.

first direct promotes itself as "the UK's most recommended bank", offering competitive rates on many products due to the reduced overheads related to internet banking.

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