28 Jan 2010

Cash most popular payment method for travellers

Category: Travel Insurance News
Cash comes out on top for holiday payments

A new Santander poll shows cash is the favoured method of payment for UK travellers.

Britons heading abroad rely the most on cash as a method of payment, according to a new survey.

The study by Santander shows that 52 per cent of those who went overseas last year used cash for most of their purchases.

One-fifth utilised a credit card, while 15 per cent opted to make use of a debit card.

Just five per cent of respondents said they used travellers' cheques or had a foreign currency account.

Vim Maru, director of retail products at Santander UK, said the study raised some concerns about the safety of carrying large amounts of cash while overseas.

He commented: "One, is it safe to carry large sums of money and two, is cash the cheapest way to pay for items whilst out of the UK?"

Travel insurance could be one way of cutting costs while on holiday, especially if medical treatment is required.

However, research from the Post Office suggests that one-fifth of holidaymakers do not take out travel insurance before setting off.

Cheap travel insurance from Direct Travel Insurance can cover a trip in the UK, to Europe or long-haul destinations all for a low price.

ADNFCR-2301-ID-19583941-ADNFCR
Adfero Ltd provides live and tailored breaking industry news for Direct Travel Insurance. All industry news is prepared by Adfero Ltd and as such does not represent the views or opinions of Direct Travel Insurance. © Adfero Ltd 2010
Most Recent Travel Insurance News Headlines:
25 May 2012
Take a gap year through agencies
Those who are looking to head off on a gap year when they fi... read more
24 May 2012
Spain represents a safe haven for Brits
When going on holiday this year, many British travel insuran... read more
23 May 2012
Think about fundraising before gap years
For many people who are about to leave school, there will be... read more
Related Headlines:
26 Aug 2009
Pack fewer books, travellers advised
Holidaymakers struggling to fit all of their clothes, access... read more
20 Aug 2009
Beware of hidden currency charges, says Which?
Travel insurance holders are likely to shop around to get th... read more
12 Aug 2009
Families 'are holding out for a last-minute bargain'
Booking a last-minute break has been a popular trend for fam... read more