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Miscellaneous Use this area ONLY if you can't find a suitable home for your topic. We'll create a new area if necessary and reserve the right to move topics to more suitable areas. Only post regarding the Pollensa area. This is not a forum for general discussion.

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Old 23-09-2009, 09:52
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Join Date: Sep 2009
Posts: 1
Default Exchange rip off

We would like to warn all visitors to PP not to use the Exchange opp. the sea front and almost opposite the bus station. Or if you do use it check your money carefully. They offered a better rate than anywhere else, but we would have been 19 euros short of the offer price. When questioned she just pleaded ' not understanding'..... They also do not give a receipt? So there is not trace of the transaction. We asked for our sterling back and went elsewhere.
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Old 23-09-2009, 15:28
Join Date: Mar 2008
Posts: 153

I also went into this exchange when my family visited recently. They were displaying 1.12 outside so my mum thought she would take advantage to change 1000pounds. When inside she was offered 1,016EUR!! When I questioned this (where's the 1,120EUR?!) I was told that the rate depended on the amount of money changed (something which was not stated outside). Then I asked how much we needed to change to receive the 1.12 exchange rate displayed and I was told 2,500pounds!! Not many people on holiday would be changing this kind of amount so I agree with Rose, avoid them, it's a rip off!!
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Old 23-09-2009, 20:09
Join Date: Mar 2008
Location: Essex
Posts: 168

If I am thinking of the same exchange place we were ripped off about 10 years ago, so not alot has changed, since then have never exchanged money anywhere but in the banks at least you know where you stand with them.
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Old 24-09-2009, 09:21
Join Date: Mar 2008
Posts: 153

This must be a different exchange as the one we went to has only been there a couple of years. I agree that you know where you stand with the banks but they don't always give the best rate and mainly charge commission. I think the important thing is to calculate how much you should receive before changing your money using the rate displayed by the bank/exchange and don't do it if they don't offer this amount.
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Old 24-09-2009, 21:47
Join Date: May 2009
Location: England
Posts: 1,710

Hi all

I also went into this place last week, still displaying the 1.12 euros to the pound sign outside. As mentioned, you get nowhere near this amount.

When questioned about this the female serving could not give any proper answers or pretended not to understand. She appeared not to know the rate even though she was viewing a computer screen!

I think the moral here is:

1. to quiz exactly what rate you are getting,

2. to check what you have been given.


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