Personal Finance: Robin Amlot's column
Nationwide's service is being offered on a one-month free trial and pounds 7.50 per month thereafter for unlimited access. Included in the price is up to five E-mail addresses and the option of five mega bytes of Web space so you can create your own pages.
The ISP service is only available to Nationwide members and customers. If you wish to register for the service, the society has set up a free- phone number, 0800-731 6860.
Nationwide is already the market leader in PC and Internet banking services in the UK, with an estimated 35 per cent market share and more than 50,000 users.
If you are going on a holiday there are Websites where you can check on the weather, buy travel tickets and organise accommodation. But what about money? Some leading personal finance sites quote tourist exchange rates which are updated daily. They offer a reasonable starting point from which to gauge your spending power abroad. Moneyworld's tourist-rates, for example, are updated at 5.30pm, with rates supplied by NatWest.
Internet design group Xenon Laboratories offers a currency table which allows you to type in an amount and then specify the currency it is in and the currency you want it converted to. These rates are updated by the Bank of Montreal.
Most of the time you may not need a more up-to-the-minute service. How- ever, it is still possible to be caught out with foreign currency.
I remember, last summer, two young American tourists travelling Britain ruefully displaying a walletful of fivers which no shop would accept. They had changed their money at home at what I can only assume was the First National Bank of the Land That Time Forgot.
They had been given a collection of notes bearing the likeness of the Duke of Wellington's notes which had been withdrawn from circulation in November 1991!
There is a way around such a potential dilemma. At least there is for people in the US. This summer, Direct FX launched an Online currency exchange over the Web. Direct FX is a privately-held limited company based in London, which operates more than 30 currency exchange bureaus throughout the UK. Its Website is aimed at the US market and can only be used if you have a credit card with a US billing address.
For security reasons, Direct FX will only mail foreign exchange to the billing address of the credit card which is paying for it. Direct FX offers immediate dollar quotes on 22 currencies and will quote a rate on others by E-mail on request. Once you have entered the amount of each foreign currency you wish to buy, the computer uses the latest exchange rate to calculate your cost in dollars. Enter your credit card information and the cash is delivered by US registered mail, usually within a week. The minimum currency value you may order through Direct FX is $200 (pounds 124) and the maximum $2,950. There is a service charge of $15 and another $10 for overnight delivery.
Nationwide: www.nation wide.co.uk
Moneyworld Tourist Rates: www.moneyworld.co.uk/rates/currency/tourist.htm
Universal Currency Converter: www.xe.net/ currency/
Direct FX: www.foreign currency.com
Life & Style blogs
Plus live in a folly tower and Towcester growth
Plus how much you need to earn to rent in London, and new homes figures
Plus where The Apprentices live, house price growth outside London, and househunter numbers
- 1 Stoke City investigate 'religious abuse' after 'pig's head is found in Kenwyne Jones' locker'
- 2 Gove’s lesson: spare the comma, spoil the child
- 3 Ukip captures Labour fortress in South Yorkshire by-election
- 4 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 5 Join Ryanair! See the world! But we'll only pay you for nine months a year
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
£30000 - £40000 per annum + BENS: Progressive Recruitment: Drupal Developer A ...
£45000 - £50000 per annum + bens: Progressive Recruitment: C# WEB DEVELOPER Le...
£240 - £260 per day: Progressive Recruitment: WPF Developer (C#, VB.Net) North...
£85 - £120 per day: Randstad Education Cheshire: KS2 teacher needed to do PPA ...