Travel insurance holders' money

Monday, 18 October 2010

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After securing their all important travel insurance, holidaymakers looking to get away this half term should shop around to find the best deal on their travel money.

Taking advantage of airport bureau de change exchange rates is a more expensive method than using pre-paid cards.

That's the advice coming from comparison site moneysupermarket.com, which says that following the collapse of foreign exchange website Crown Currency Exchange, travel insurance customers should take extra care when sourcing their holiday money before jetting off.

Moneysupermarket.com site editor Clare Francis said: "Holidaymakers may feel that travel money is at the bottom of the list when preparing for their holiday, but taking time to research their options will leave them with more cash to enjoy."

This advice comes after the recent collapse of the Crown Currency Exchange, which affected around 13,000 customers.

The administration was carried out by MCR and administrator Paul Clark blamed the company's downfall on the "difficult trading environment".

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