Gap Students Be Wary

03 August 2011 - ICE

    



ICE

Weekly Travel Advice - 03/08/11

 

Money Matters for ‘A’ Level Gappers

ICE warns gap year students to be smart with their money 

Travel money expert ICE (International Currency Exchange) is encouraging students considering a gap year as a back-up plan, to add a prepaid card to their list of travel essentials.  A prepaid card such as the ICE Travellers Cashcard not only provides instant access to funds but offers a greater level of protection from fraud and theft than a debit or credit card and greater security than carrying cash.

Janet Johnston, Product Manager for the ICE Travellers Cashcard said: “The competition for university places is very high this year and for many, the disappointment of losing a university place will be offset by the prospect of a gap year. Frequently funded by the bank of mum and dad, a prepaid card allows parents to top up money from home rather than using money transfer services.”

The ICE Travellers Cashcard prepaid MasterCard is PIN protected and can be used wherever the MasterCard sign appears.  Parents can top up the card with funds by logging on to the account and transferring money from their bank account.  The exchange rates are competitive and unlike a credit card, only the funds loaded to the card can be used, encouraging gappers to budget on their travels.

Janet Johnston continues: “Gap year travellers want to travel light and hassle free.  Take some local currency bought online to get the best exchange rates and use this for tips and snacks but for the bulk of expenses a prepaid card is the way to go.”

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