Making Holiday Cash Go Further
"If you are looking to lock in an exchange rate here in the UK before heading overseas, it could be worth your while considering a prepaid card.
“Bought and managed online, or from high-street locations, these cards offer rates of exchange that are the same as buying currency, and can often be obtained without any commission,” says Atkinson. “They are available in a range of currencies, the most popular being the euro, US dollar and sterling. You can either use the card to withdraw money from a cash machine, or to make purchases from retailers in shops with your PIN.”
While in the past travellers have had to watch out for the charges levied, things are improving, according to Atkinson.
“Many prepaid cards are now offering free cash withdrawals and no charge for usage, and can be delivered free of charge to your home address or collected at an airport or port,” he says. Another benefit of travelling with a prepaid card is that, if you lose it, you have the security of knowing it can be replaced and your money is not lost.
Considering both fees and rates, Hagger picks out the FairFX Currency Card…"
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Monday 15 March 2010, 09:29am
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