Watchdog warns of overcharging for foreign money

UNDERCOVER financial watchdogs were overcharged by up to €15,000 when they visited main street and airport bureaux de change to buy foreign currency.

Posing as consumers, staff visited 75 banks and currency exchange offices during summer and used euro to buy sterling, US dollars, Polish zlotych and Czech koruny.

Yesterday, the Government’s financial regulator revealed its undercover buyers had been overcharged by a handful of the bureaux.