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How to travel around the world with money?????????

Travel Forums Europe How to travel around the world with money?????????

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1. Posted by auspolak (Budding Member 36 posts) 11y

Hi everyone, im about to travel pretty much around the world in a few months and as many questions that i have i will only start with one of them. I will be mostly in Poland and other places in europe obviously and the other times in England, America. and i was wondering what i should do in terms with money and travelling with money. Im not to certain on travellers checks but i will have a Visa and a Mastercard for backup purposes. Now the Visa is a Debit/Credit card with most of my money on it so its like a savings account but can be used as a credit card. Will i have problems using either cards around europe? i wouldnt think so as Visa, and Mastercard are well known cards but the last thing i want is getting denied money or problems getting money when i go to an ATM machine. So if anyone could help me out from actual experience that would be great as im not sure what to do.. :-S

2. Posted by nickla (Respected Member 223 posts) 11y

Hi, you should have virtually no problems using a visa debit card in Europe, i have used mine widely over western and eastern europe. it is a good idea to come with some of each currency u will need for emergency use - sometimes u may be located miles away from the nearest ATm but may need to get a bus there. I always take enough currency for the first nights accomm plus an extra £10 GBP just in case. This way u will never be short. You will be able to get currency for pretty much anywhere whilst u are in Europe, and a lot of the time u wil get a better rate once ure there rather than whilst u are at home. Just be aware though, that every time u withdraw cash from an atm u are likely to be charged a fee. the best way to avoid this is to get out fairly large sums at a time. So instead of getting 10 lots of £10 over a week, get £100 at the start of the week. it is easy enough to hide it throughout ur rucksack so that it is no all in 1 place.

Hope this makes some kind of sense, and if u need anything else just ask.

Nicola

3. Posted by ukmassage (Inactive 1052 posts) 11y

my question would be - 'how to travel around the world without money?'

4. Posted by coldwarspy (Travel Guru 1108 posts) 11y

woah, nice topic. I need to make STRONG suggestion on this...

Always take with you at least 100 dollars in Travelers checks for backup and even paper cash atleast 50 US, stashed away somewhere in ur pack.

My bank card from the US can only be used in one bloody bank here in Budapest - and iv been here for the summer - so to take out cash i need to cross town! and iv been to soem backwater villages around bonnie scotland where there are no ATMs.

I also saw a canadian stuck at the Bulgarian/Turk border with no visa and no money/ATM to buy a visa. I had to lend him 50 US to get him into Turkey.

and Poland - my friend was stuck in Torun Poland for 2 days cuz his Bank card was eaten by a ATM. On a weekend - so he had to wait til monday with no money to get his card back.

friend got her hand bag robbed in Spain (twice ) - no money stashed anywhere else.

so............ think about some type of backup ;)

5. Posted by angela_ (Respected Member 1732 posts) 11y

Quoting MASSAGEUK

my question would be - 'how to travel around the world without money?'

That was the first thing I thought too...

6. Posted by KoalaGirl (Travel Guru 307 posts) 11y

[/quote]

Although some people do take traveller checks as a back up (and I'm not suggesting this is a silly idea), over the last few years I have found that if you are travelling in any "western" country, travellers cheques are more bother than they are worth. Most of Europe has easy access to ATMs and the fee for withdrawing cash on a say, weekly basis, is far cheaper than paying for traveller cheques. My experience has been that if you can find a place that will change travellers cheques for a reasonable exchange rate, you can find an ATM or hotel which will give you a cash advance, and usually the ATM/cash advance works out cheaper than the travellers cheque fees.

Ultimately - if you want the security blanket - then take the travellers cheques, but I would advise that you go to the ATM once a week -withdraw the cash you need and then spread it out throughout your pack. I believe this is a much cheaper and easier option in Europe overall.

Cristy

7. Posted by Gelli (Travel Guru 2457 posts) 11y

I use ATM's and have never had a problem anywhere (make sure your bank knowds you will be overseas so they don't cancel them, and if its from a non European bank, make sure you know your pin code and that it is 4 digits), although i have met a few who have, and a Canadian girl i met in Romania a few months ago was stuck because not a single bank in Romania accepted her Canadian card. No problems elsewhere, but Romania, no (we eventually found a casino and an exchange desk that would take her card, but no ATMs, and it took 4 days).

I never bother with Travelles Cheques as in Eastern/less developed countries they are hard to change, and anyway, knowing my luck i'd need to change them after banking hours on a Fri with a holiday coming up...

But. ALWAYS have a stash of cash to use as a backup - a couple of large US dollar bills &/or Euro's, plus a handful of small denomination notes - and keep them in 2 different places. And don't use them unless you really have to, and if you do, try and replace them at the first opportunity. I tend to have enough that i can live off for a week or two, with a chunk in my money belt, but also a couple of large notes hidden amongst my stuff, so if it goes pear shaped (i had my wallet stolen earlier this summer) i can still look after myself for a week or two whilst awaiting new cards. The emeregency cards which they can get out to you quickly cost a fortune, dont have a pin (so you need to go into a bank to use it, and be able to explain why), and only last a couple of weeks anyway, so aren't really worth the hassle.

8. Posted by kenner85 (Budding Member 15 posts) 11y

I just came back from the US and Europe and used the Visa Debt/credit card and it worked a treat. I also made sure I always had some cash on me just in case. I used it at backpacking hostels, shops, you name it. The only problem that comes out of using the card is the charges for taking the money out, so make sure you take decent amounts out or you will waste valuable dollars.

9. Posted by Calcruzer (Moderator 1989 posts) 11y

For me, the key is making sure your bank card is on a worldwide system. I used to be with one bank, but switched when I found out my account in California couldn't even be accessed at ATMs in Ohio--much less overseas. Now I'm with a bank on the "Plus" system and I had no problem getting money in Kentucky, New York, France, Germany, Switzerland, and the Czech Republic on the vacation I just returned from yesterday.

Enjoy.

10. Posted by DirkvdM (Budding Member 14 posts) 11y

The Visa/Mastercard combination should cover everything credit card-wise. I've got bad experiences with American Express travellers cheques. Either you don't need them (as in Europe) or they don't keep up their promise of fast replacement in case of loss, as I found out in Africa. Some cash is always wise. Keep a few 100 euro in a safe spot (eg money belt under clothes but a personal unusual solution is often better) and up to 100 euro in your wallet so you can cover most things that come up without having to use a credit card or take out the bigger stash.