November 24, 200619 yr Save thousands on foreign exchange People moving large sums abroad can avoid the banks' high rates by using a specialist broker, writes Clare Francis The consumer revolt against onerous bank charges is spreading and the latest target is rip-off fees on large foreign-exchange transactions. Thousands of people use their high-street bank to switch money between currencies, perhaps to buy property abroad or because they work overseas and want to convert their earnings into sterling. However, banks levy hefty fees on such foreign-exchange transactions, costing consumers an estimated
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