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New Ukash Travel Money Prepaid MasterCard® card eliminates the risk of nasty surprises on the return home

www.ukash.com

London, July 2014 - The latest consumer research* from leading payments innovator, 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.


The Ukash Travel Money MasterCard: The Facts

• Lowest FX Rate on the market
• No transaction fees
• Free ATM withdrawals in Europe and the US
• Free balance enquiries online, at ATMs and SMS
• Available in Euro and US Dollar
• Free top up by debit card
• No application fee
• No annual fee
• Chip and PIN security
• Use as over 34 million outlets that show the MasterCard Acceptance Mark
• Minimum load value: £50
• Maximum single load: £2,000
• Features chip and PIN security
• Can be used at over 34 million outlets worldwide that accept MasterCard


* Ukash analysis of prepaid currency card costs and travel money costs, as at 2nd July 2014
**Populus poll conducted May 2014 – 2000 respondents

Ends

For further press information or interviews please contact the Ukash Press Office at HSL: Wendy Harrison, Clare Watson, Nakhalar Sterling or Ed McCambridge. +44(0)208 977 9132. ukashteam@harrisonsadler.com

Notes to Editors
Ukash is regulated by the UK Financial Conduct Authority (FCA).

The Ukash Travel Money Prepaid MasterCard is issued by Prepaid Financial Services Limited pursuant to a license from MasterCard International Incorporated. Prepaid Financial Services Limited is regulated and authorised by the Financial Conduct Authority, registration number 900036. Registered Office: 36 Carnaby Street London, W1F 7DR.

This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Personal Finance, Travel, for more information visit https://pressreleasewire.responsesource.com/about.