Moneycorp ATM rip-off at Stansted - 'Commission Free' my **se - Like It or Lump It

cinereus

Because it was linked to and it's still relevant? Is that a problem?

adindas

Just to revive this link for further discussion.
See post #40 and #43 in this link
https://forums.moneysavingexpert.com/discussion/5213984

You will have the option of either to "proceed with or without conversion" if you are using zero fee MasterCard Creditcards (e.g Halifax Clarity, Santander Zero CC) and not debitcards. If you select "proceed without conversion" there is a very good chance (if not 100%) you will get Visa/Master card global exchange rate.

It will not work if you are using zero fee debitCards (e.g. N&P debit, Cumberland BS debit)

What card did you use ??

peterbaker wrote: »

I haven't posted much lately but every now and then I spot something that riles me enough to come here and do so.

I've had some time to kill on recent trips recently and thought as I could use a few Euros in my wallet and I have bank cards that charge no sommision for FOREX, I'd check out the ATMs at Stansted that dispense both Sterling and Euros.

10 days ago I tried the one landside at the top of Check In Desk area J.

I tried it twice and cancelled out to see if I'd missed something but I hadn't - the machines are marked "Commission Free" but the exchange rate is a God Awful rate.

This morning, wondering if I'd missed something in my last experiment, I tried one I found airside - today I could have accepted 100 Euros at £1 = 1.1344 euros. Not on your Nelly :mad:

The Mastercard/VISA rate today is actually around £1 = 1.2344 euros.

That's 8.1% I would have lost versus using an ATM when I arrived in Europe (assuming I knew how to avoid Dynamic Currency Conversion in Europe). Isn't it fascinating the difference a digit makes in a four significant figure exchange rate?

Moneycorp offer no option to charge your card in Euros and let Mastercard/VISA do the foreign exchange bit. I imagine there is some loophole that is being exploited whereby even though the exchange is happening in an international area of the airport, it is still technically in the UK and if punters are ignorant enough to use such a machine which is labelled Hey Use Me for Your Euros Commission Free" but which then gives you a Like It or Lump It exchange rate then more fool them, eh?

Does this or does this not demonstrate that Moneycorp might easily be counted amongst those crooks and spivs of whom we are trying to rid our country?

brewerdave

@adindas - the OP hasn't logged on for nearly two years -and the thread is 3 years old:)