Prepaid Travel Money Cards are now becoming a very popular safe and secure way to carry your holiday money. They are not debit cards so there is no risk of your bank account details being cloned or your PIN number being stolen and your bank account being emptied. They are not credit cards so you are not running up a debt each time you use them.
Whilst they do not resemble travellers cheques they could be described as the modern day equivalent. Whilst both provide a safe and secure way to carry your holiday money it is the prepaid travel money card that offers more flexibility. Travellers cheques are accepted in some locations as cash but in the main you need to find an exchange bureaux or bank to cash them in order to be able to use them.
Prepaid travel money cards are used in the same way you use a debit or credit card. Use them in shops, restaurants etc. to pay for goods and services or if you need the cash, use it at an ATM.
At Dawson and Sanderson we have looked at many of the cards available but the one we prefer is the Escape Travel Card Prepaid MasterCard® Card. In brief here's why:
This card will cost you nothing to buy provided you load a minimum £100 on to it.
It will cost you nothing to load - in fact in a 12 month period you could load up to £20,000 if you wished with no charge
It will cost you nothing to use if you use it to buy goods and services whilst on holiday.
It will cost you nothing to use if you withdraw over £100 from an ATM whilst on holiday.*
It provides daily exchange rates online so you can see clearly how good the rates are before you use your card.
It provides an honest and clear record of all your transactions. It provides above average security to your holiday money as it is protected by CHIP and PIN.