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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