Prepaid Travel Cards Explained: Your Questions Answered

A prepaid currency card is a type of payment card that you can load with a specific amount of money. Unlike traditional credit or debit cards, prepaid currency cards are not linked to your bank account. Instead, you preload the card with funds in one or more foreign currencies, allowing you to lock in great exchange rates ahead of time and manage your travel budget more efficiently.

These cards are often referred to as prepaid travel cards, travel money cards, foreign currency cards or even forex cards. They’re all similar. However, their features and benefits differ depending on the provider.

Get the Best Forex Rates & Deals:
One of the biggest advantages of prepaid currency cards is the ability to lock in exchange rates when you load the card. This means you can load your holiday money when exchange rates are good, avoid fluctuations, and save money if rates increase during your trip.

Have Peace of Mind & Security:
Since prepaid currency cards are not linked to your bank account like many other popular credit/ debit card options, the risk of fraud or theft is minimised. If your card is lost or stolen, thieves can’t access your entire bank balance. Just the preloaded amount, which can be frozen with the click of a button via an app.

Have Multiple Currencies at your Fingertips:
Many prepaid currency cards support multiple currencies, making them ideal for multi-country trips. You can load different currencies onto the card and move funds between them as needed, avoiding the hassle of multiple currency exchanges, and carrying lots of cash.

Yes, we do! It’s the Hays Travel Money Card.

On top of the amazing benefits above, our FREE money card also offers:

Fee-free top-ups anytime, anywhere.
Money Protection.
No account fees.
And so much more!

In simple terms, you use a prepaid currency card like any regular debit or credit card. Buy your holiday souvenirs at the shops, treat yourself to a fine-dining meal at a restaurant, purchase a bucket and spade, book a tour online, and withdraw cash at ATMs for tips- you can do it all! As long as the vendor accepts payments from your card’s banking supplier, e.g. Mastercard or Visa. With some providers, like Hays Travel, you will also be able to make contactless payments, by adding them to Apple Pay or Google Pay on your mobile. We know, easy right?

Simply load, spend, and repeat!

A prepaid currency card is a valuable tool for any and all travellers, offering security, convenience, and control over your travel money. By choosing the right card, loading it with the necessary funds, and using it wisely, you can enjoy a smoother and more financially secure travel experience. Whether you’re exploring a single destination or hopping between countries, a prepaid currency card can help you manage your money with ease, allowing you to focus on the most important thing, enjoying your holiday!

Check out our Hays Travel Money Card and get yours today in a branch near you!  If you ever need any travel money advice, we’d be happy to help!