Santander Offers World Cup Fans 'the Chance To Avoid Charges'

Santander has urged England fans travelling to the World Cup to take out its specialist zero current account.

Santander is today (May 25th) urging England fans travelling to South Africa for the World Cup to avoid inflated financial fees while they are away.

Thousands of Brits will be flocking to the southern hemisphere in the next two to three weeks ahead of England's opening game of the tournament against the United States in Rustenburg on June 12th.

Due to South African law, tourists are only able to take 5,000 rand - around 450 - into the country with them in cash, meaning that most fans will be forced to raid their current account or savings accounts while they are away.

With touring England fans expected to spend an average of around 2,700 each during their trip, credit card and cash machine charges on purchases and withdrawals will soon add up. Estimates suggest that collectively supporters will outlay around 135 million over the course of the competition in their support of Fabio Capello's team.

Research from Santander has found that nearly half - 47 per cent - of travellers from the UK withdraw three-quarters of their spending money from cash machines while they are away, thereby incurring standard charges for foreign exchange of around 2.75 per cent and a cash handling fee of 1.5 per cent.

Taking the estimated figure of 2,700 each England fan will spend in South Africa, this would mean that every supporter would pay around 86 in unnecessary charges during their time attending the tournament.

Therefore, Santander says that fans should consider opening its zero current account package prior to leaving the UK, as this offers no fees for customers withdrawing cash or spending on their debit card anywhere in the world. This account is available to new and existing mortgage customers who have their main current account with the bank or who wish to switch.

About the Author:
UK Price Comparison website Which4U - Compare Credit Cards,Best Savings Accounts, Fixed Rate Bonds, Bank Accounts, ISAs, Loans, Mortgages, Travel Insurance, TV & Broadband and Gas/Electric bills to find the best UK deals

Article Originally Published On: http://www.articlesnatch.com

Tags: credit cards

, best savings accounts

, travel insurance

Related....

Videos...

Recent Personal-Finance Articles

Compound Interest Formula Continuously Calculators By: William Ava | Jun 1st 2012 - Today, there are now available calculators for the compound interest formula continuously. The formula also came from a derivation of the standard compound interest formula. With the knowledge and tech ...

compound interest formula

continuous interest

compounding

Medicaid Compliant Annuity Payouts: Life Only, Period Certain, Or Life And Period Certain By: Dale M. Krause | May 30th 2012 - When investing in an annuity providing immediate payments an applicant can usually select one of three different payout options: Life-Only Payout: Payments continue as long as the owner/annuitant liv ...

Insurance Planning

Medicaid Compliant Annuities

Medicaid Planning

Deficit Reduction Act

How To Lower Your Pacific Gas And Electric Energy Bill By: Real Writer | May 30th 2012 - Are high Pacific Gas and Electric energy bills stressing you out? By implementing these five simple steps, you can begin to lower your PG&E bill today.

CA energy bill

PG&E electric bill

PG&E gas bill

Make Sound Investment Via Good Share Market Tips By: Satish Yadav | May 30th 2012 - Investing money in share market is nothing less than gambling for those who are novice in this field. The share market is a place where stocks and shares of various companies ranging from small, mid-si ...

Compound Interest Formula Excel: Functions And Formulas By: William Ava | May 30th 2012 - The compound interest formula excel is originally a compound interest formula turned calculator in a spreadsheet via a program. The program is known to give us the best and complex loan calculators tod ...

compound interest formula

excel formula

excel function

excel

Part-time Jobs That Pay Well - Start Today To Save On Short Term Loans By: Cazee John | May 29th 2012 - With increasing prices of commodity goods today, our usual income barely suffices anymore. If youre lucky enough to make your budget fit, your savings on the other hand deplete and suffer. Other peo ...

Debt Management Guidance By: Mr Brown | May 29th 2012 - There were similar concerns raised over the use of email marketing by some debt management companies.

debt management

unenforceable debts

credit debt management

debt management companies

Debt management plan

Hdfc Loan Calculator For Motorcycle Loan By: William Ava | May 29th 2012 - The renowned bank offers a superb loan deal for all of us again. The HDFC loan calculator for motorcycles is now available in the HDFC website. Again, it is fast and easy to use for anyone especially t ...

Sbi Online "�" Making Money Transfer Easier By: Hemanth Ravi | May 29th 2012 - Facilities are unlimited and flexibility is supreme with your SBI Online system. Transactions are made quickly no matter whether you send money within national boundary or beyond that.

SBI Online

International Money Transfer

Thai Exchange Rate "�" Reasons Contributing To Its Continuous Rise By: Hemanth Ravi | May 29th 2012 - If anybody wants to decode the continuous growth of Thai economy, the first reason surfaces up is the increasing remittance from the non residential Thai professionals. And this is influencing the Thai ...

Thai Exchange Rate

Send Money Overseas

Comments

Still can't find what you are looking for? Search for it!

Site Navigation: