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Tesco Bank introduces savvy travel money offers in time for Easter

Tesco Bank Travel Money is helping customers make their holiday spending money go further this Easter by offering customers £5 off every £500 they spend on foreign currency1 until 21st April at over 200 travel money bureaux within Tesco stores across the UK.

Tesco Bank has also introduced the MasterCard Multi-Currency Cash Passport to its travel money offering which provides customers with a simple, secure and smart way to spend on holiday. The Cash Passport allows you to lock in the exchange rate on each currency and only carries the money the customer has pre-loaded onto it, helping savvy shoppers stick to their budget. It also features chip-and-pin technology providing an additional level of security, making the card safer than carrying large amounts of cash.

It is widely accepted at shops, hotels and restaurants around the world without purchase fees2, and a simple flat fee for withdrawing cash at ATMs3, regardless of how much is being withdrawn, making it easier for customers to keep track of their holiday spending. The Multi-Currency Cash Passport can carry many different currencies at a time, including the Euro, US Dollar and Australian Dollar, and knows which currency to spend depending on where the traveller is in the world4.

David McCreadie, Managing Director of Banking at Tesco Bank, said, 

"With almost a third of Brits who are going on holiday this Easter set to jet off overseas5, Tesco Bank provides holidaymakers with good rates on travel money, including cash, travellers cheques and now the Multi-Currency Cash Passport, all available at our UK-wide network of travel money bureaux within Tesco stores across the UK."

For more information on Tesco Bank’s travel money solutions, customers can visit: http://www.tescobank.com/travel-money

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For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

Notes to Editors

Tesco Bank Travel Money is provided by Travelex

1 Additional £5 off Terms and Conditions:

  • The offer relates to the value of foreign currency purchased and excludes any additional charges such as card handling fees.
  • The offer applies to purchases of foreign currency (notes, travellers cheques and Cash Passports). Buy back transactions are excluded.
  • Not available in conjunction with any other Tesco Travel Money offer, including Price Match

2 Some merchants may charge an additional fee.

3 Fee of £1.50 per ATM withdrawal. Some cash machine operators may charge an additional fee.

4 The Multi-Currency Cash Passport covers the following currencies:

  • Sterling (GBP)
  • Euro (EUR)
  • US Dollar (USD)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NZD)
  • South African Rand (ZAR)
  • Canadian Dollar (CAD)

The foreign exchange rate will apply when transferring from one currency type to another.

5Research undertaken by eDigital Research on behalf of Tesco Bank. Data generated between 25th February and 12th March 2014 (3,273 respondents).

Multi-currency Cash Passport™ is issued by R. Raphael and Sons plc, pursuant to license by MasterCard International Inc.

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

 

 

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