Has anybody on this site travelled around india for about 4 months?
If so please can you give me some advice on how you went about handling your money? Whats the best way do it? I don't want to have £4000 in cash on me whilst travelling!!!
I think what massageuk is trying to say is that he would recommend taking a credit or debet card. Generally, in most countries these days an atm card from back home will work, so I always travel with that. In 90% of my trips, I don't take any cash, but in rare cases I will carry some usd along. Besides my atm card, I have a debet card which functions like a credit card in my case but that's about it. I have never bought and probably never will, any traveller cheques. I really just don't see the point of them anymore, especially not when you consider you have to insure them at ridiculous rates to make sure you don't lose out if they are stolen!
Anyway, hope that helps. It's more general than india specific though since I haven't travelled there (yet)...
cheers for your reply, see from the research I have been doing I seem to have established that credit/debit card companies all charge very large fees with the exception of nationwide... do you know anything about the visa travel money card??
Hi Cup Cake
Have you used one of those cards, that looks like a good idea. Do you not get charged when you use the card?
i was wondering about the visa travel money cards too. anybody know how they work? have any experience using them?
also, i am planning on closing my bank accounts at home in the US to avoid paying monthly fees for the year i'm gone. i was planning on bringing my money over in traveller's cheques since i'll be working in thailand and be able to open a bank account with an atm there with the cheques. is this the best way to bring large sums of money to open an account when you will be spending a year in one country? anybody have any other ideas?
do you use internet banking. If so maybe look at just transferring funds to your new account that way, providing the charges are not too great. You can do a big lump sum or a little at a time.
it would be a sensible idea to take some travellers cheques too, in addition to your debit card, adn keep them seperate from your plastic cards. I just had my purse stolen and am so glad i had some travellers cheques safe to tide me over.