Brits 'favour cash for holiday spending'

Cash is the most popular method of paying for goods and services abroad among British travellers, according to a survey by Santander.

The bank revealed that just over half (52 per cent) of all Britons who took an overseas holiday last year made the majority of their purchases using cash.

Credit and debit cards were used by 20 per cent and 15 per cent of people respectively, while traveller's cheques were the preferred payment method for only five per cent of holidaymakers.

The survey also revealed that the average Briton spends £207 per person every week while abroad.

Vim Maru, director of retail products for Santander UK, said: "Some may find this research surprising - with so many Britons relying on cash when they are abroad and the once ubiquitous traveller's cheque only as popular as the foreign currency account."

The company recently revealed that its customers - including those with Abbey and Bradford & Bingley accounts - will be able to use its 4,300 ATMs in Spain without charge from this year.

Posted by Paul, 29 January 2010 13:23

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