MoneySavingExpert News

Prepaid cards

U Account axes prepaid card service from today – here's what you need to know

U Account holders can no longer access their accounts or use their prepaid cards to spend or withdraw cash as the digital bank closed the service from midday today (3 May).

3 May 2022

Martin Lewis: 'Signs that Pockit, Anna Money, Fair FX and other Wirecard accounts may be unlocked this week'

Thousands of prepaid card users have been left unable to access their own cash after the Financial Conduct Authority today ordered Wirecard Card Solutions Ltd to suspend its operations in the UK and freeze customer funds, after a major accounting scandal at its German parent company.

29 June 2020

Got a prepaid Mastercard? You won't be offered rip-off currency conversions from this week

We've long warned travellers to pay in the local currency rather than pounds to avoid hideous exchange rates - and from Friday, if you've a Mastercard prepaid card you won't be offered transactions in pounds at all

8 April 2019

Monzo users left unable to use prepaid cards after new outage

App-based bank Monzo experienced problems today, with many prepaid card users unable to make payments

25 October 2017

Ukash travel cards to close next month

Ukash cardholders will have to pay a fee to transfer money back to their bank account if they don't spend their balance

9 January 2017

My Travel Cash axes prepaid travel cards – what to do if you've got one

My Travel Cash withdraws prepaid cards so you've until 4 October to withdraw or spend your money

22 August 2016

Ukash U-turn over closure charge as prepaid travel card adds fees

Travellers with a Ukash prepaid card will be hit with a raft of new charges from April

16 February 2016

The 10 travel must-knows before you go

The great jet-away has started so I've compiled a list of need to knows to get the maximum bang for your bucks

30 July 2015

The pound hits an eight year high buying €1.43 – here's how you get that rate

Tourist rates can be rubbish, so here are our top 10 tips to max your rate

21 July 2015

Is it worth changing euros for the summer holidays now?

The euro has weakened even further over the last week and £1 can now buy you €1.34 at the spot rate

26 January 2015