Whether they are at the top of the Eiffel Tower or in the middle of the American Rockies Brits can now stay in control of their holiday finances anywhere they can use their mobile phone.
FairFX.com has launched an innovative and unique new way for Brits abroad to check their balance, confirm the exchange rate and top-up their holiday money - all by text.
Commenting on the launch, Stephen Heath, Chief Executive of FairFX.com, said: "Now, wherever people are in the world they can find out how much cash they have left to spend, check the exchange rate they will get for their Pounds, and top-up their holiday money simply by texting. This is the easiest way for people to manage their money abroad, and until August 31st the service will be free of charge. After then each text will cost 10p.*
"According to research from FairFX.com, nearly half (48 per cent) of Brits who use credit and debit cards abroad make cash withdrawals from foreign ATMs**. However, holidaymakers could save themselves a bundle by texting a top-up to their FairFX.com card and using that instead of taking out cash on their usual credit or debt card.
"The system development to allow top-ups and balance enquiries via text comes as FairFX.com continues its rapid expansion. Since launching in December 2007 FairFX.com has also formed partnership with moneysupermarket.com and Matalan to supply free cards to applicants via those sites. We plan to continue building the business with further product developments, strategic partnerships and significant investment within the company, amongst other drives."
Anyone who wants to try the new texting system can access it via the FairFX.com website, and it is open to existing users as well as new applicants.