Prepaid Credit Debit Cards
Those that prefer not to carry a lot of cash on holiday or to pay extra charges for ATM withdrawals and purchase currency conversions can look at prepaid travel money cards as an alternative. How does a currency card work and what are the advantages and disadvantages?
What is a Prepaid Currency Travel Money Card?
These cards work like other prepaid cards but are designed to deal with foreign currencies. A card has money loaded on to it by the user and they can then use it like a regular debit or credit. A card can typically be used to withdraw cash at foreign ATMs and/or to make purchases.
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