In 2026, you cannot directly "cash out" Avios (the currency of British Airways and Iberia) for physical currency or a bank transfer in the way you would a traditional savings account. Avios are designed as a "loyalty currency" with value tied to travel redemptions. However, there are "indirect" ways to spend them that mimic cash. For example, you can use Avios to pay for part of a flight booking (Avios + Cash), or spend them on "non-flight" items like hotel stays, car rentals, and experiences via the British Airways portal. Some users utilize the "Nectar" points partnership (in the UK) to convert Avios into Nectar points, which can then be spent as "cash" at retailers like Sainsbury's or Argos. While these methods allow you to use Avios for "real-world" goods, the conversion rate is almost always lower than the value you would get by redeeming them for high-value flights or upgrades. Essentially, in 2026, your Avios are "locked" into a commerce ecosystem rather than being a liquid asset.