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CaxtonFX: Prepaid currency card could save money for celebrating Christmas in Europe

Those considering heading to Europe for some Christmas festivities could consider taking a prepaid currency card to save money on exchange, it has been suggested.

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30 November 2009

CaxtonFX: Prepaid currency card could save money for celebrating Christmas in Europe”

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CaxtonFX stated that some online and high street currency exchange deals can be expensive and uncompetitive.

Using a bank card may also be quite pricey as most cards have an average of a 2.75% foreign exchange markup, the prepaid card provider added.

ATM withdrawals abroad can often cost from £1 to £1.75 per transaction, it said.

A prepaid currency card, on the other hand, has no overseas ATM fees or commission and can be topped up and used like a debit or credit card, CaxtonFX said.

The card provider has also teamed up with Hotel Club to offer a 15% hotel booking on any hotels listed on Hotelclub.co.uk for those with a currency card.

Discounts are also available on SIXT holiday cards.

Prepaid currency cards are also available from FairFX and MyTravelCash.

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