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Brits? Attitude To Holiday Money Is Pants!

    View: 
Britishtourists are resorting to desperate measures to outwit pick-pockets with 4% admittingcarrying money in their underwear, and - despite having gone out of fashion inthe late ?80s - one in ten Brits admit to using ?bum bags? when on holiday toreduce the risk.  



 

The surveyalso found the instance of theft to be worryingly common, with 9% of Britshaving had their wallet/purse stolen while abroad. Of concern for parents is thestatistic that 23.8% percent of travellers aged 18 and under have fallen victimto this crime.  

 

Laxsecurity offered by hotels is also a common problem with over 7% saying thatthey had had items stolen from safe or room deposit boxes.

 

Despitetough economic times, holiday budgeting does not appear to be high on theagenda, with almost 63% of travellers not setting daily limits for spending on holidaysabroad.

 

Thesurvey was commissioned by Travel Money Card to learn more about the habits of British travellers abroad.The new product addresses common problems for travellers offering a free second?emergency? card that can be activated for instant access to funds, if theoriginal card is stolen.

 

The chip and pin card is loaded withmoney before travel and it is not linked to any personal bank account; reducingthe risk or fraud and holiday overspending.

 

It is loaded with foreign currency inthe UKand can be used abroad at more than 24 million locations ? anywhere there is aMasterCard acceptance logo.

 

Unlike other similar products fromother companies, Tesco does not charge fees for card issue, loading,commission, foreign purchase or even a monthly administration fee.

 

Prepaid Card

 

Card

Issue Fee

Foreign  Purchase

Fee

 

Foreign ATM Withdrawal Fee

Load Fee (?/$)

Second Emergency Card Fee

Tesco Travel Money Card

Free

Free

?3/$4

Free

Free

Lloyds TSB Travel Money Card

?7.50

Free

?1.50

Free

?50

Post Office Travel Money Card

Free

Free

?2.00

Free

?35

InsureandGo Travel Card

Free

?1.00

2% (min ?2.40,

max ?10)

?1

N/A

Caxton FX Card

Free

Free

?2/$3

Free

?50

 

Sourcedby    17/6/08.

Pleasenote other fees may apply

 

?We want to offer our customers a smart, safe way to access funds abroad,? says Yvonne Byrne fromTesco Personal Finance. ?We're confident that the card is the best valueproduct on the market, and given the rising cost of overseas travel, everylittle helps.?

 

 

Forfurther information, please contact:

Ra Fletcher

Haggie Hepburn

Tel: 020 7334 7777  /  0751 8898 087


Notes to editors

 

?        Tesco does not chargefees for card issue, loading, commission, foreign purchase or even a monthlyadministration fee

 

?        Customers receive a free second card for use in emergency,if the first card is stolen (second card is not activated until stolen card isdeactivated)

 

?        Customers can top up the Travel Money Card both in the UK and abroad, byphone, SMS or online

 

?        OnePoll carried out an online poll of 2,000 Britishtravellers between Wednesday 25th and Monday 30th June,2008

 

?        High resolution images are available for the media to viewand download free of charge from

 

Tesco Personal Finance

TescoPersonal Finance Limited is a joint venture between The Royal Bank of Scotlandplc and Tesco PLC. Tesco Personal Finance Limited. Registered in Scotland No.173199. Registered Office: 24 St Andrew Square, Edinburgh, EH2 1AF.

TescoCompare

 

Tesco Personal FinanceCompare Limited is a part of the Tesco Personal Finance Group, a joint venturebetween The Royal Bank of Scotland plc and Tesco PLC. Tesco Personal FinanceCompare Limited. Registered in ScotlandNo.SC318925. Registered Office: 24 St Andrew Square, Edinburgh EH2 1AF.

 

Authorised and regulatedby the Financial Services Authority.
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