Using a FairFX currency card gives you much better exchange rates for your Euros that the airport or high street. To save money on your next trip to Europe, order one of our cards now!
If you are going on holiday to Spain or Greece, or to any other European country then at some point you will need to exchange pounds for euros. Most people will purchase their travel money a few days before they go away. Travel agents and banks can supply you with foreign currency and they will usually charge you a commission for doing so. One of the problems with taking all your holiday money euros as cash means that you will be walking around with a lot of money in your pocket.
People who want to feel safer and who don't like carrying a lot of money around with them when they are on holiday may prefer to use travellers cheques. One of the problems with using either traveller's cheques or cash is that once you have bought your travel money, you won't be able to take advantage of any further changes in the exchange rate. Currency exchange rates fluctuate all the time and you could get two or three more euros to the pound on one day, than you did on another.
Apart from buying your holiday money euros for cash or by using travellers' cheques, you can also use your credit card to draw money out once you reach your destination. When you use a credit card in this way the card issuer will take a commission because you have drawn cash, and it will also cost you more money to use the ATM machine. Increasingly people are getting fed up at having to pay all the hidden extras just to get their holiday money. If you are fed up and looking for an alternative means of sorting out your holiday money then you will pay less if you use a currency card.
Currency cards can be obtained online and they work in a similar way to a credit card or debit card, apart from the fact that you have to load the card up with money first to be able to use it. There are a number of companies that supply currency cards and the commission rates differ slightly from one provider to another. When you use a currency card you can always charge it up with more cash straight from your bank account either online or over the telephone.
You don't have ATM costs with a currency card and the charges are a lot lower than they would be on most credit cards. If you don't like carrying around a lot of cash with you when you are away, then currency cards are an ideal alternative. When you use a currency card you dispense with all the hassle and extra costs that are often associated with trying to get your holiday money euros.
Order your FairFX card today for much better Euro rates.
Thursday 29 April 2010, 12:14pm
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