Heading on holiday? Get a good currency deal

August 19, 2009

With many people using their equity release scheme money to head off on a holiday abroad, those who are travelling overseas have been urged to make the most out of their foreign money.

Dan Moore, senior research at Which? Money has advised that taking money abroad in cash is the simplest way to save funds.

"Get cash out of a hole in a wall in the UK, walk across the road to any of the exchange bureaus and pay in cash. That will save you the 2.5 per cent charge on your card," he said.

A recent study by Tesco Travel Money found that nearly half of Brits are planning to book a last minute holiday as they believe they will get a better deal.

However, less than 50 per cent are shopping around for the best deal on their foreign currency.

If you have always wanted to head on a dream holiday, equity release could be a good way of financing it.
 Heading on holiday? Get a good currency deal

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