Currency charges should be clear, says Office of Fair Trading

Banks and credit card companies have agreed to scrap some fees they charge holidaymakers for buying foreign currency.

The move follows pressure from the Office of Fair Trading.

Banks and other companies are believed to make around £1bn a year from travel money charges.

Clive Maxwell is from the Office of Fair Trading and he told the BBC that customers will now see the charges laid out more clearly before they go abroad.

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