A limited number of customers of failed currency firm Crown Currency Exchange who sent back unspent overseas money they'd bought from the firm will be refunded. The cash will be returned in full in sterling at the current exchange rate.
A combination of complex charges and poor or misleading information means consumers are paying too much when buying foreign money or using cards overseas, a lobby group says.
Two men were arrested today by detectives investigating the collapse of a failed currency company that went into administration owing around £20 million to customers.
The administrators investigating the collapsed foreign exchange group Crown Currency Exchange could try to seize some assets of director Peter Benstead to add to the pool of cash to pay victims.
Norwich and Peterborough Building Society (N&P) will launch a new debit card that's fees-free for overseas spending early next year, for both existing and new customers.