M&S Travel Warns Travellers Of Possible Of World Cup Money Woes
Released on: June 17, 2010, 4:18 am
Author: M&S Money
Industry: Financial
M&S Travel has conducted a survey which reveals that 89% of
people feel that getting value for money on their foreign currency is
vitally important to them, however two-thirds (66%) of people
mistakenly believe that by purchasing their travel money on the high
street they can expect to get the same rate in whatever branch they
visit across the country. This though is not the case; many providers
alter their rates geographically, so many football fans could be
gambling on getting best value this summer.
The research which polled 3,000 UK adults revealed that Great Britain is consumed
with the desire to witness England returning home as champions again. And for those
lucky enough to be travelling to see the action in person, or considering doing so,
more than one in three (37%) are planning to take more than £450 in cash which is
likely to land them in bother given there is a limit of 5,000 South African Rand
(approximately £450) that can be taken in or out of the World Cup host nation.
James Yerkess, M&S Travel Money manager, said: "We know many supporters are
planning to head to South Africa and if the team can make it through to the final
rounds, we could see many more fans flock to the host nation. But every penny
counts, even when it's concerning the beautiful game and all the excitement a trip
of a lifetime like this would bring. Value for money is a topic travelling England
supporters need to put serious thought towards, especially given a quarter of people
aren't even clear that the South African Rand is the official currency they'd need
for their trip.
"Whatever the budget, M&S Travel Money is offering a
competitive rate on South Africa Rand for the duration of the World Cup. And unlike
other travel money providers, M&S treats customers fairly by offering the same rate
up and down the UK, in shops, online and by phone."
About M&S Money:
M&S Money (the trading name of Marks & Spencer Financial Services) was founded in
1985 as the financial services division of Marks and Spencer Group plc, making 2010
the company's 25th anniversary.
The company is a top-ten credit card provider and the second-largest travel money
retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance and car insurance, pet insurance as well as
loans, savings and investment products.
For more information on M&S or this Press Release, please
contact:
Simon Coughlin
Media Relations Manager
M&S Money
8 Canada Square
Canary Wharf
London
E14 5HQ
020 7992 1574
money.marksandspencer.com
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