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Traveling and money

Travel Forums General Talk Traveling and money

1. Posted by Charlv (Budding Member 8 posts) 7y

Hi, I'm travelling to around 7 different countries from May 1st and have no idea what you do about money??? Do you take travellers cheques and cash? Do i just use my debit/credit card abroad? If so can anyone recommend a bank that doesn't charge you for taking money out abroad? I really don't have a clue!! Any info would be greatly appreciated. Cheers Charl ;)

2. Posted by Cool Paul (Travel Guru 611 posts) 7y

what countries are you going to? for how long?

when I was in OZ and NZ I just opened bank accounts there over the phone and then transferred money to them before I got there...it's like $4 a month. I opened the aussie account from home and the NZ account from australia.

3. Posted by vickon (Budding Member 50 posts) 7y

Hey Charl. I am sure that there isnt any bank without charging you when you take money from abroad, but the charge usually is between 1,5-3 euro. If you have only travel cheques at the first hand is really safe but at the other maybe you will be out of money because in some countries there are a few banks where you can change it not in any bank! I recommend to have your visa for your day use and having some money in travel cheques just for safe. Actually i am doing something else. I have many prepaid cards except my visa and a main amount in a bank ,I have e-banking and when i nead money i reload the prepaid cards. Its easy and it has somekind of safety.

4. Posted by jadeverell (Respected Member 255 posts) 7y

From past experience i have found it very useful to have either a Visa or Mastercard or me at all times. If you have a Maestro Card (normally distributed by HSBC), leave it at home as not many places recognise it.

I am currently working in OZ, and therefore have an OZ bank account. It’s a debit account (current account) but also has mastercard/credit facilities which is very useful. Plus I don’t get charged when withdrawing from a cash machine (that only applies to the cash machines which you have a bank account with, otherwise its $2)

i have never bothered with Travellers Cheques as most places have cash machines now-a-days.

A useful tip is to keep $100 hidden in your rucksack in case of emergencies or when you need to go to the pub and have no cash!

JD

Post 5 was removed by a moderator
6. Posted by Charlv (Budding Member 8 posts) 7y

what countries are you going to? for how long?

when I was in OZ and NZ I just opened bank accounts there over the phone and then transferred money to them before I got there...it's like $4 a month. I opened the aussie account from home and the NZ account from australia.

Hey, I'm going to Thailand - Laos- Oz - NZ - Figi - LA and Canada. The longest i will be in one place for is 4 weeks!! So opening a bank account in another country isn't really going to be worth while for me!!
Thanks for your help though. Charl x

7. Posted by Charlv (Budding Member 8 posts) 7y

A useful tip is to keep $100 hidden in your rucksack in case of emergencies or when you need to go to the pub and have no cash!

Great thinking JD! I'll definately be remembering that bit of advice!! I'd hate to have no beer money!! Cheers Charl ;)