You are here: Home - Saving-Banking - News -

Thomas Cook prepaid currency cards to close

Written by:
Mastercard is axing the Thomas Cook prepaid currency cards in April – so if you have one, it’s best to cash out now.

The range includes the Lyk card, Thomas Cook’s Multi-Currency Cash Passport, Thomas Cook’s Single Currency Cash Passport and the Co-operative Travel Cash Passport.

The cards have continued to work since the travel company collapsed in September 2019, but Mastercard, which runs them, has confirmed they will stop working on 6 April 2020.

Customers will have until 6 April 2026 to redeem their cash from Mastercard but are encouraged to do so sooner rather than later as the cards have a £2 a month inactivity charge if they’re not used for 15 months.

Funds will be returned in pounds at the Mastercard exchange rate on the day. They should be in your bank account within three to five working days of the cash-out being approved.

Cardholders can call the Mastercard call centre on 0800 023 2098 to cash out their balance at any time before or after 6 April.

Related Posts

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week