Tuesday 8 July 2014

Don't Lose Money Before Your Holiday!

The latest research from the Ukash Travel Money Prepaid MasterCard® card reveals that families could lose as much as €51.70 for every £500 they spend on buying euros for their summer holidays.  With just a couple of weeks to go until the majority of schools finish for the summer break, Ukash is urging families to think ahead and organise their foreign currency so that they can get the best spend for their pound.




Ukash researched the cost of spending £500 on euros at Gatwick airport on Sunday 6th July. At the Moneycorp bureaux de change this would get €569.  But loading the same amount of sterling onto a Ukash Travel Money card on Friday 4th July would have given the traveller €620.70.  Clearly it makes complete sense to plan ahead – but the research has revealed that not all holidaymakers take this approach to their travel money.  And, even more worrying, many holidaymakers resort to carrying cash with them which presents a considerable safety risk.

According to the research, 36% of UK holidaymakers take between £501 and £1,000 in cash when they head abroad; 40% take the equivalent of between £100 and £500.  So getting the best value for their pound is essential

 

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