Don’t get spooked by poor currency rates this half term – travel money tips from ICE Wednesday 21 October 2015 PDF Print Don’t get spooked by poor currency rates this half term holiday as Summer’s Euro high falters in the Fall ICE offers tips on travel money for families heading to the Eurozone www.iceplc.com After the Euro Bonanza this summer when holidaymakers stockpiled Euros as exchange rates reached a 7 year high, the Pound to Euro rate has slumped in recent weeks, perhaps leaving those planning an Autumn or Half-Term break with the nagging feeling that they may have missed the boat. The average transaction value for Euros from ICE – International Currency Exchange was £1083.43 this summer – the highest level in the last three years and loads to the ICE Travellers Cashcard, a prepaid currency card in Euros, also jumped as savvy travellers locked in the rate while the going was good. The amount of money loaded to cards increased by 20% in July compared to June with the average amount loaded £421*. Even though the Pound has weakened against the Euro, holidaymakers are still getting around 80 more Euros this October compared to last on a £1000 exchange (October 2015 £1=1.32 Euros vs October 2014 £1= 1.24 Euros). Koko Sarkari, COO for ICE said: “We need to remember that only a couple of years ago the Euro rate was 1.15 to the Pound so today’s rate of around 1.32 is still favourable in comparison. However, a bit of planning both in terms of ordering travel money and methods of payment overseas can help make budgets go that bit further. Online rates tend to be more competitive than the high street but shop around and compare. Remember to factor in postage costs if you are having money delivered to home. “Some travel money providers offer special Click & Collect deals from their branches, so it is worth checking these out too. “Also consider loading Euros to a prepaid currency card such as the ICE Travellers Cashcard. This can help protect travellers from further rate falls as the rate is effectively locked into the card once the money is loaded. “Getting a good deal on currency should be a top priority for travellers wherever they go and by combining a number of options from pre-ordered travel money cash, loading currency onto prepaid cards, or using a credit card that’s free of overseas charges, travellers can take advantage of convenient payment options and competitive rates of exchange.” As an additional incentive to use the ICE Travellers Cashcard, or make the most of ICE’s competitive exchange rates online or on the high street, ICE has teamed up with CityJet to offer 50 free flights to Europe. Travellers simply need to top up £500 or more on to a new or existing ICE Travellers Cashcard or order £1000 or over of Travel Money to be in with a chance to win one of 50 return flights all routes serviced between October 2015 and March 2016. *including both initial loads & top ups. Ends Please contact the ICE Press Office at HSL – Parm Heer or Alison Reeson on 020 8977 9132. firstname.lastname@example.org Key Benefits of the ICE Travellers Cashcard|iceplc.com/cashcard • 1.5% cashback on all purchases of £50/$50/€50 or more on the respective cards • No commission • Free to obtain if the initial load is £700 or more. £4.75 if the initial load is less than £700. • Free cash withdrawals from ATMs ¹ • Free backup card in case of loss/theft • Free to top-up the Euro and US Dollar cards ² • Free balance enquiries either online or at ATMs ³ • Free 7 day same rate buy-back guarantee – funds can be converted back to sterling at the same exchange rate ⁴ • No penalty fees, e.g. no charge if you fail to use your card for long periods of time and if you lose your card and need a replacement ICE will replace it for free • Accepted wherever the MasterCard® Acceptance Mark is displayed ⁵ • Free supplementary Family Cards for up to 2 family members (⁶) • Cardholders also enjoy a range of discounts to help budgets go further including car hire, hotels and airport parking. 1 Some ATM operators and merchants may charge a fee or set their own limits 2 A 2% fee will be levied if topping-up with a credit card 3 Some ATM operators may levy their own charge for checking account balances 4 Up to $100/€100, 7 days from the date of the last top up 5 The card cannot be used for participating in online gaming websites, at casinos or other gambling institutes, or to make regular money transfers 6 Family members need to be over 18 years of age. Notes to editors International Currency Exchange (ICE) has been providing retail foreign exchange for over 40 years and today has over 400 locations in 20 countries, on four continents, conducting one transaction every 6 seconds. Through its retail network, ICE offers a wide range of products and services to support the travelling public’s requirements, including foreign currency and phonecards. ICE’s online products include commission free secure next day home delivery currency and the ICE Travellers Cashcard, an innovative prepaid MasterCard® in £, € or US$, which can be loaded with holiday spending money before travelling, allowing levels of convenience that are similar to using a bank debit or credit card, but without the risks and charges sometimes associated. Find ICE on Facebook /iceplc and follow them on Twitter @icetravelmoney|iceplc.com The ICE Travellers Cashcard has been recognised in the following awards: PayBefore 2015 Europe: Winner Best Travel Companion Moneyfacts 4 & 5 Star Rating in Moneyfacts Annual Credit Card & Pre Paid Card Star Ratings, as per below: • ICE Travellers Cashcard Euro Travel Card 5 • ICE Travellers Cashcard Dollar Travel Card 5 • ICE Travellers Cashcard Sterling Travel Card 4 Prepaid365 2014: • Best Free Prepaid Card - ICE Travellers Cashcard - Winner • Best Incentives/Rewards Prepaid Card - ICE Travellers Cashcard - Runner Up • Best Prepaid Card Website Design - ICE Travellers Cashcard - Runner Up ICE Travellers Cashcard is issued by R. Raphael & Sons plc, pursuant to license by MasterCard International Incorporated. MasterCard® and the MasterCard Brand Mark are registered trademarks of MasterCard International Inc. Raphaels Bank is a UK Bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registration number 161302) and is permitted to issue e-money. Head office and registered office at 19-21 Shaftesbury Ave, London W1D 7ED, company registration number 01288938. Raphaels Bank is a leading issuer of prepaid cards in Europe with over 5 million cards issued through 21 partners across 14 European Countries with over 180 programmes ranging from gift cards to full Chip & PIN cards to mobile technology payment solutions|raphaelsbank.com Payment Card Technologies (PCT) is the programme manager for the ICE Travellers Cashcard. A leading programme manager in Europe providing full debit and prepaid solutions from MasterCard and Visa, PCT is owned by Lenlyn Holdings plc and is a sister company to Raphaels Bank. PCT provides one of the most robust, reloadable prepaid card systems available in the market, offering customised and flexible prepaid card solutions to retailers, online merchants, large and small corporations operating in a fast moving, dynamic and global industry as well as driving emerging payment innovation with payment account platform.|paymentct.com This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Leisure & Hobbies, Personal Finance, Travel, for more information visit http://pressreleasewire.responsesource.com/about.