1 in 3 suffer post-holiday shock from unexpected charges abroad

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The latest consumer research from Ukash, has revealed the post-holiday shock of spending abroad. Despite nearly a quarter of consumers admitting that they do not worry about potential charges when they are enjoying their time away, this is certainly not the case when it comes to facing reality on the return home.  One in three said they are left shocked when they open their post-holiday bank statement.

The new Ukash Travel Money Prepaid MasterCard helps holidaymakers avoid being stung by charges when they are abroad. With no ATM fees and unbeatable rates, the Ukash Travel Money card definitively offers the best way to make holiday money go further in Europe and the USA eliminating the risk of returning home to bill-shock.

“Holidaymakers should be able to relax in the knowledge that they are getting the very best value on their hard earned money when they are away”, explained David Hunter, Chief Executive of Ukash. “Our research has found that nearly 40% of consumers do not even check the details of charges for using their debit cards abroad and almost a quarter are unaware of the costs of withdrawing cash from ATMs while abroad.”

The new Ukash Travel Money Card offers holidaymakers the simplest and safest way to access their cash abroad with no ATM fees. Offering the best possible exchange rates on the market, holidaymakers can make their money go even further.  With over half of UK consumers using their debit cards abroad, according to the Ukash research, and a quarter taking out cash from a foreign ATM machine, the Ukash Travel Money Card now gives holidaymakers the ability to enjoy the convenience of their cash without the added worry of extra charges.

The Ukash Travel Money card can be ordered online in minutes and will be delivered in five to seven working days without the need for any credit checks.   The card can be topped up online instantly using a debit card – even while travelling – and cardholders can check their balance and transactions and top up their card at any time online completely free of charge.  Plus any money left on the card can be used for the next trip rather than worrying about often costly conversion back to sterling.

Analysis conducted on the 2nd July 2014 provides clear evidence that the Ukash Travel Money card is the best value way to spend abroad.

Exchange rate EUR £500 worth Exchange rate USD £500 worth
Ukash 1.2352 € 617.60 1.6901 $845.05
Travelex 1.2289 € 614.45 1.6825 $841.25
Marks & Spencer 1.2245 € 612.25 1.6805 $840.25
my Travel Cash 1.2171 € 608.55 1.6609 $830.45
Money Corp 1.2317 € 615.85 1.6837 $841.85
Post Office 1.2140 € 607.00 1.6580 $829.00

 

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