Use pre-paid cards for currency, Brits urged

People going abroad - including those heading out on holidays to India - have been urged to buy currency using a pre-paid card as opposed to ordering reams of notes.

By Southall Travel -Wednesday, March 18, 2009 04:01 PM

Use pre-paid cards for currency, Brits urged

People going abroad - including those heading out on holidays to India - have been urged to buy currency using a pre-paid card as opposed to ordering reams of notes.

Stephen Heath, chief executive of FairFX.com, said this method is much more secure in case of loss or theft, plus it could help holidaymakers get a better deal as the exchange rate is likely to be more favourable when using pre-paid cards than it is at the airport.

"You have a secure chip and PIN so it can be used to pay in many different situations and if you lose the card you haven't lost your cash," he pointed out.

According to recent research carried out by greenbee.com, Britons may not be getting the best deals when it comes to currency because it is not something they think to compare - while 34 per cent of people would spend a whole day looking for a bargain destination, 19 per cent do not research exchange rates.Meet the editors...

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