Latest news with #TescoInsuranceandMoneyServices
South Wales Argus
11-07-2025
- Business
- South Wales Argus
Cash warning for Spain, Greece and Turkey this summer
New research asked 3,000 holidaymakers about their experiences with money while abroad - as well as future travel plans - found Spain, USA, Turkey, Greece, and France are the holiday hotspots where Brits are most likely to be tripped up by cash-only scenarios. Two in five (38%) Brits have experienced being caught short of cash while abroad, with Spain, the USA, Turkey, Greece, and France being the top destinations where UK holidaymakers have been caught out. While many of us are used to tapping and paying at home, nearly two in five (38%) Brits admit they've been caught short by trying to rely on cards abroad. Often just when they needed it most. It's a helpful reminder that a little preparation can go a long way in making sure your holiday runs as smoothly as possible. The research highlighted that only a third (33%) had researched how cash reliant their destination was before flying, meaning many could end up being caught short while abroad. Whether it's the food stalls of a Spanish market, a souvenir shop in Greece, or a taxi ride in Turkey, many everyday experiences abroad still demand physical currency. What's the best card to spend abroad? Is cash a winner? Change currency now or when you get there? These and far more summer holiday travel money questions answered in my new podcast below... — Martin Lewis (@MartinSLewis) June 26, 2025 Tesco Insurance and Money Services' research found the top locations where Brits had experienced being caught short of cash: Spain USA Turkey Greece France Austria For many travellers cash is still king and they are simply more comfortable with the certainty carrying cash brings. Well over half (57%) use cash for taxis and tipping, while almost half (48%) say it's just more convenient than cards. For a third (33%), cash is an essential safety net in case of emergencies. A fifth (21%) are motivated by a desire to avoid foreign card charges, or because they know from experience that cash is more widely accepted in their chosen destination. Ban Mahsoub, Partnerships Director, at Tesco Insurance and Money Services says: 'While we're all used to paying with our phones and cards at home, travelling abroad often means going back to basics. Being caught without cash can turn a relaxing holiday into a stressful experience, whether you're trying to buy something at a market or simply pay for a taxi. "The best approach is a 'hybrid wallet', bring your cards, but make sure you've got some local currency too. A little preparation can make all the difference between a smooth trip and an unexpected hassle.' Research showed these were the worst places to be stuck without cash on holiday (Image: Tesco) Amelia Murray, a money expert at Be Clever With Your Cash, agrees: 'There's still a blind spot when it comes to cash. Many people assume that having a fee-free card is enough, but that can be a false economy if you end up using an ATM abroad that charges or get stung by poor exchange rates. 'It's not about carrying wads of cash, it's about being prepared for those moments when a card simply won't cut it.' She suggested packing a 'cash cushion' – a small amount of local currency that could be useful for tipping, local travel, or if holidaymakers end up somewhere that does not accept cards. She also suggested that holidaymakers make sure they understand their card's policy on fees and currency conversion before they travel. To help Brits avoid those holiday cash blind spots, it is worth making a plan for managing your money abroad: Don't leave it until the airport Airport exchange rates are notoriously poor, and exchange bureaus abroad often come with high transaction fees. Sorting your currency in advance not only means you're likely to get a much better exchange rate, but also gives you peace of mind in case you arrive and can't immediately access an ATM or bureau. It also means you won't get caught out abroad without cash when you need it most or stung by unexpected ATM fees. Customers with a Tesco Clubcard are eligible for Clubcard Prices discount on travel money when buying their currency in a Tesco store or online. For even more convenience, Tesco Travel Money also offers home delivery. Double-check the currency It sounds so simple, but always confirm the currency used at your destination, especially if you're travelling to regions where multiple currencies are accepted or if you're crossing borders during your trip. A quick check can save you hassle later. Bring small and large notes if possible Local markets, taxis, and small independent shops often struggle to break large notes, especially for small purchases. Having a mix of smaller bills makes everyday transactions much easier, helps with tipping, and avoids awkward situations. Recommended reading: Withdrawing cash If you don't like the idea of carrying too much cash with you but want to avoid card fees for withdrawing cash abroad, a Multi-currency Cash Passport could be a good option. This is a prepaid travel money card that you can buy in store at Tesco's Travel Money Bureaux or online and load with up to 10 currencies before you go. Don't forget your leftover cash If you have cash left over at the end of your holiday, you could send it to one of Tesco's in-store Travel Money Bureaux and they'll buy it back – even if you bought it elsewhere -. Customers who purchase Tesco's Buy Back Promise when ordering their travel money through them can even return the currency at the rate they bought it, which may save them money.
Glasgow Times
10-07-2025
- Business
- Glasgow Times
Cash warning for Spain, Greece and Turkey this summer
New research asked 3,000 holidaymakers about their experiences with money while abroad - as well as future travel plans - found Spain, USA, Turkey, Greece, and France are the holiday hotspots where Brits are most likely to be tripped up by cash-only scenarios. Two in five (38%) Brits have experienced being caught short of cash while abroad, with Spain, the USA, Turkey, Greece, and France being the top destinations where UK holidaymakers have been caught out. While many of us are used to tapping and paying at home, nearly two in five (38%) Brits admit they've been caught short by trying to rely on cards abroad. Often just when they needed it most. It's a helpful reminder that a little preparation can go a long way in making sure your holiday runs as smoothly as possible. The research highlighted that only a third (33%) had researched how cash reliant their destination was before flying, meaning many could end up being caught short while abroad. Whether it's the food stalls of a Spanish market, a souvenir shop in Greece, or a taxi ride in Turkey, many everyday experiences abroad still demand physical currency. What's the best card to spend abroad? Is cash a winner? Change currency now or when you get there? These and far more summer holiday travel money questions answered in my new podcast below... — Martin Lewis (@MartinSLewis) June 26, 2025 Tesco Insurance and Money Services' research found the top locations where Brits had experienced being caught short of cash: Spain USA Turkey Greece France Austria For many travellers cash is still king and they are simply more comfortable with the certainty carrying cash brings. Well over half (57%) use cash for taxis and tipping, while almost half (48%) say it's just more convenient than cards. For a third (33%), cash is an essential safety net in case of emergencies. A fifth (21%) are motivated by a desire to avoid foreign card charges, or because they know from experience that cash is more widely accepted in their chosen destination. Ban Mahsoub, Partnerships Director, at Tesco Insurance and Money Services says: 'While we're all used to paying with our phones and cards at home, travelling abroad often means going back to basics. Being caught without cash can turn a relaxing holiday into a stressful experience, whether you're trying to buy something at a market or simply pay for a taxi. "The best approach is a 'hybrid wallet', bring your cards, but make sure you've got some local currency too. A little preparation can make all the difference between a smooth trip and an unexpected hassle.' Research showed these were the worst places to be stuck without cash on holiday (Image: Tesco) Amelia Murray, a money expert at Be Clever With Your Cash, agrees: 'There's still a blind spot when it comes to cash. Many people assume that having a fee-free card is enough, but that can be a false economy if you end up using an ATM abroad that charges or get stung by poor exchange rates. 'It's not about carrying wads of cash, it's about being prepared for those moments when a card simply won't cut it.' She suggested packing a 'cash cushion' – a small amount of local currency that could be useful for tipping, local travel, or if holidaymakers end up somewhere that does not accept cards. She also suggested that holidaymakers make sure they understand their card's policy on fees and currency conversion before they travel. To help Brits avoid those holiday cash blind spots, it is worth making a plan for managing your money abroad: Don't leave it until the airport Airport exchange rates are notoriously poor, and exchange bureaus abroad often come with high transaction fees. Sorting your currency in advance not only means you're likely to get a much better exchange rate, but also gives you peace of mind in case you arrive and can't immediately access an ATM or bureau. It also means you won't get caught out abroad without cash when you need it most or stung by unexpected ATM fees. Customers with a Tesco Clubcard are eligible for Clubcard Prices discount on travel money when buying their currency in a Tesco store or online. For even more convenience, Tesco Travel Money also offers home delivery. Double-check the currency It sounds so simple, but always confirm the currency used at your destination, especially if you're travelling to regions where multiple currencies are accepted or if you're crossing borders during your trip. A quick check can save you hassle later. Bring small and large notes if possible Local markets, taxis, and small independent shops often struggle to break large notes, especially for small purchases. Having a mix of smaller bills makes everyday transactions much easier, helps with tipping, and avoids awkward situations. Recommended reading: Withdrawing cash If you don't like the idea of carrying too much cash with you but want to avoid card fees for withdrawing cash abroad, a Multi-currency Cash Passport could be a good option. This is a prepaid travel money card that you can buy in store at Tesco's Travel Money Bureaux or online and load with up to 10 currencies before you go. Don't forget your leftover cash If you have cash left over at the end of your holiday, you could send it to one of Tesco's in-store Travel Money Bureaux and they'll buy it back – even if you bought it elsewhere -. Customers who purchase Tesco's Buy Back Promise when ordering their travel money through them can even return the currency at the rate they bought it, which may save them money.
Wales Online
10-07-2025
- Wales Online
Warning for anyone going to Greece, Spain or France 'payment may be delcined'
Warning for anyone going to Greece, Spain or France 'payment may be delcined' A third of holidaymakers make the common mistake and disrupt their holiday plans The situation is different in many countries Tesco has issued a warning to anyone heading abroad this summer as millions of holidaymakers have found themselves caught out over cash rules. While many of us are used to tapping and paying at home, cash only payments are still very common in some countries - including Spain, Greece, Turkey, France and even the USA. According to Tesco, just a third of us research how cash reliant a destination is before flying. A spokesman said: "Whether it's the food stalls of a Spanish market, a souvenir shop in Greece, or a taxi ride in Turkey, many everyday experiences abroad still demand physical currency. It was found that the top situations where cash is needed are, shopping at local markets, tipping, and paying in smaller shops and restaurants, all of which left travellers looking for an ATM." Tesco says people are most likely to be caught out in Spain, the USA, Turkey, Greece, France and Austria. Ban Mahsoub, Partnerships Director, at Tesco Insurance and Money Services said: 'While we're all used to paying with our phones and cards at home, travelling abroad often means going back to basics. Being caught without cash can turn a relaxing holiday into a stressful experience, whether you're trying to buy something at a market or simply pay for a taxi. "The best approach is a 'hybrid wallet', bring your cards, but make sure you've got some local currency too. A little preparation can make all the difference between a smooth trip and an unexpected hassle.' Article continues below To help Brits avoid those holiday cash blind spots, Ban offers her top practical tips for managing your money abroad:
Glasgow Times
12-05-2025
- Business
- Glasgow Times
5 easy ways to save money on travel money exchange rates
But, there's always a huge amount to do before we go away, so Ban Mahsoub, future partnerships and money services director at Tesco Insurance and Money Services has put together some easy ways to save money when buying your travel money. Ban says it's worth taking physical cash, as well as cards on holiday: 'While paying with a card is becoming more and more popular, there are several benefits to keeping cash on you whilst travelling abroad. "Whether it's tipping, avoiding foreign transaction fees, or simply making everyday purchases, having cash on hand can make life easier. It's also invaluable in emergencies. "Unlike cards or contactless payments, cash doesn't rely on electricity or internet access and is accepted in most places abroad. Keeping a few notes in your wallet ensures you're covered if you come across cash-only spots or face unexpected power outages.' Five holiday money tips from the experts Exchange your currency before you go on holiday Forgetting to change money into the local currency is something almost all of us have done, but it can leave you out of pocket, especially if you leave it so late you need to do it at the airport. Exchanging before you travel means you can shop around for the best deals. A lot of travel bureaus offer a click and collect service and some will price match the best deals. Stores with a bureau can have your order ready as quickly as the following day. Customers with a Tesco Clubcard are eligible for Clubcard Prices discount on travel money when buying their currency in a Tesco store or online. For even more convenience, Tesco Travel Money also offers home delivery. Why you should exchange money before your holiday Airport exchange rates are notoriously poor, and exchange bureaus abroad often come with high transaction fees. Sorting your currency in advance not only means you're likely to get a much better exchange rate, but also gives you peace of mind in case you arrive and can't immediately access an ATM or bureau. It also means you won't get caught out abroad without cash when you need it most or stung by unexpected ATM fees. Check your fees and exchange rates when paying with cards Before you use your debit or credit card abroad to make purchases, it's important to check with your bank whether you'll be charged any fees for making purchases or withdrawing cash. Remember, when paying, choose the local currency as it will usually be cheaper than paying in your own currency. Even if your card is your preferred method of payment, it's always a good idea to carry some cash with you to pay for taxis, excursions, tipping and general expenses that might come up during the first few days of your holiday. Think carefully when withdrawing cash If you don't like the idea of carrying too much cash with you but want to avoid card fees for withdrawing cash abroad, a Multi-currency Cash Passport could be a good option. This is a prepaid travel money card that you can buy in store at Tesco's Travel Money Bureaux or online and load with up to 10 currencies before you go. If you have cash left over at the end of your holiday, Tesco Travel Money buys back most foreign banknotes in the currencies it sells – even if you bought them elsewhere. Customers who also purchase Tesco's Buy Back Promise when ordering their travel money through them can return the currency at the rate they bought it, which may save them money. Recommended reading: How to carry your money while exploring Keep your cards, along with your passport and other vital documents as close to you as possible when you're out and about. Ban recommends recommend always having them on you, so you may want to buy a small cross body bag or a money belt to wear under your clothes, so that if you are carrying other things, you can put them down safely when eating or lounging, knowing that your most important belongings are still carried. This can depend on your location though, so follow local advice. Stay safe on holiday - don't carry all your money on you When possible, ensure your cards and cash are split evenly between several people, so more than one adult carries cards and cash, rather than one person looking after all the cards and another after all the cash. This way, if one person loses their wallet, you still have access to both means. Whether you're travelling alone or with a group, avoid carrying all your cash with you every day and leave some at your accommodation, in a safe. This can be your backup plan if you lose access to your money during a day out.
Yahoo
12-05-2025
- Business
- Yahoo
5 easy ways to save money when buying your travel money
As holidays draw closer - with many planning May half term or bank holiday getaways - it's time to think about travel money, and how to make it work for you. But, there's always a huge amount to do before we go away, so Ban Mahsoub, future partnerships and money services director at Tesco Insurance and Money Services has put together some easy ways to save money when buying your travel money. Ban says it's worth taking physical cash, as well as cards on holiday: 'While paying with a card is becoming more and more popular, there are several benefits to keeping cash on you whilst travelling abroad. "Whether it's tipping, avoiding foreign transaction fees, or simply making everyday purchases, having cash on hand can make life easier. It's also invaluable in emergencies. "Unlike cards or contactless payments, cash doesn't rely on electricity or internet access and is accepted in most places abroad. Keeping a few notes in your wallet ensures you're covered if you come across cash-only spots or face unexpected power outages.' Forgetting to change money into the local currency is something almost all of us have done, but it can leave you out of pocket, especially if you leave it so late you need to do it at the airport. Exchanging before you travel means you can shop around for the best deals. A lot of travel bureaus offer a click and collect service and some will price match the best deals. Stores with a bureau can have your order ready as quickly as the following day. Customers with a Tesco Clubcard are eligible for Clubcard Prices discount on travel money when buying their currency in a Tesco store or online. For even more convenience, Tesco Travel Money also offers home delivery. Airport exchange rates are notoriously poor, and exchange bureaus abroad often come with high transaction fees. Sorting your currency in advance not only means you're likely to get a much better exchange rate, but also gives you peace of mind in case you arrive and can't immediately access an ATM or bureau. It also means you won't get caught out abroad without cash when you need it most or stung by unexpected ATM fees. Before you use your debit or credit card abroad to make purchases, it's important to check with your bank whether you'll be charged any fees for making purchases or withdrawing cash. Remember, when paying, choose the local currency as it will usually be cheaper than paying in your own currency. Even if your card is your preferred method of payment, it's always a good idea to carry some cash with you to pay for taxis, excursions, tipping and general expenses that might come up during the first few days of your holiday. If you don't like the idea of carrying too much cash with you but want to avoid card fees for withdrawing cash abroad, a Multi-currency Cash Passport could be a good option. This is a prepaid travel money card that you can buy in store at Tesco's Travel Money Bureaux or online and load with up to 10 currencies before you go. If you have cash left over at the end of your holiday, Tesco Travel Money buys back most foreign banknotes in the currencies it sells – even if you bought them elsewhere. Customers who also purchase Tesco's Buy Back Promise when ordering their travel money through them can return the currency at the rate they bought it, which may save them money. Recommended reading: Easy phone mistakes on holiday could cost you hundreds Martin Lewis says 'don't pay to pay' on holiday Martin Lewis shares key advice for mobile phone users Keep your cards, along with your passport and other vital documents as close to you as possible when you're out and about. Ban recommends recommend always having them on you, so you may want to buy a small cross body bag or a money belt to wear under your clothes, so that if you are carrying other things, you can put them down safely when eating or lounging, knowing that your most important belongings are still carried. This can depend on your location though, so follow local advice. When possible, ensure your cards and cash are split evenly between several people, so more than one adult carries cards and cash, rather than one person looking after all the cards and another after all the cash. This way, if one person loses their wallet, you still have access to both means. Whether you're travelling alone or with a group, avoid carrying all your cash with you every day and leave some at your accommodation, in a safe. This can be your backup plan if you lose access to your money during a day out.
