Skip Navigation

How to bring money for a RTW trip?

Travel Forums Round the World Travel How to bring money for a RTW trip?

  • 1
  • 2
Last Post
11. Posted by breezecc (Budding Member 2 posts) 11y Star this if you like it!

I don't know if this will help however check out Travelex's website and enquire about a cashcard. They are extremely convenient and work everywhere.

12. Posted by rasberries (Inactive 154 posts) 11y Star this if you like it!

the greatest way to travel with money is definatly a
CAA or AAA Visa.. you can put any amount over 250 on this card and use it in any country in the world at any atm or store.
the money comes out in that countries currencies and your only charged 3 bucks for taking out money at a flat rate.
its was my savoir on this trip.!!! and they have a website where you can check your balance and every transation you made on the card as well as add more moeny to it.
yahoo. get this

13. Posted by claireh (Respected Member 318 posts) 11y Star this if you like it!

I had to tell my bank a list of countries that I am visiting to ensure they do not cancel my card while abroad. Maybe you should call them as it's really rubbish not being able to use an ATM card travelling. How do they expect you to get money???!!! If they are unhelpful, maybe look into changing banks. I changed my bank before coming away to one that does not charge for international withdrawals. But it's a UK bank so no use to you I'm afraid... You sound like you have a pretty good idea of what money to take. I've done pretty much the same and it is working well so far.

14. Posted by aa757first (Budding Member 2 posts) 11y Star this if you like it!

Yes, definatley give both your bank and credit card companies a call and let them know where you'll be. Many credit card companies will stop "suspicious" activity. So if you're using your card in Texas one day and the next day you're withdrawing $500 in Shanghai, they might reject the transaction. Actually, it's happened to my parents when they were making a large purchase in the United States.

But, anyway, this goes from country to country. Credit card companies accepted vary greatly. In most of South America, MasterCard is almost worthless. WikiTravel usually has a pretty good guide on these, and so does Frommer's, for free, on their website (but I'd recommend buying the books).

Traveller's Cheques are actually still common in some destinations. I think I remember reading that interior China still used traveller's cheques a lot.

Since I have neither an ATM card or a credit card, I used Visa/AAA branded T/Cs in Peru. Only one bank would cash them, InterBank, and they used an exchange rate of 3.14 instead of the 3.21. That isn't a bad exchange rate though, from what I can tell. It wasn't much of a hassel, but it took about five minutes of the teller typing/calling/inspecting my passport to actually get the Soles.

15. Posted by Shaunmw (Budding Member 11 posts) 11y Star this if you like it!

If you want to bring a credit card get a Capital One credit card. They are the only American bank that is not charging that REDICULOUS 3% international fee. You will certainly get the best rate. The only downside of credit cards is that most vendors will give you 4-8% off the perchase price when you pay cash!

16. Posted by Clanger (Full Member 201 posts) 11y Star this if you like it!

I took a Nationwide ATM on my travels with a handful of American dollars. I was away for 8 months and these two combinations were fine. My ATM card was accepted everywhere there was a cashpoint, and all transactions were FREE.

Be wary of 'hiding' an extra card...dont put it in your backpack, as on some coach journeys in some countries your pack gets a good going over by the locals!

[ Edit: Edited at Oct 15, 2006 1:03 PM by Clanger ]

17. Posted by aharrold45 (Travel Guru 1281 posts) 11y Star this if you like it!

I have done extensive travel to all regions of the world, and the only problems I have encountered so far are in some ATM's in Brazil, a bit of trouble in India and believe it or not I encountered problems using my creditcard in a place in New York, but then I went down the street to an ATM and it let me withdraw money no problems. In both those cases I eventually found a machine that worked. I always carry a spare supply of US dollars just incase I come across places such as Cambodia which almost use US dollars as their first currency. At the beginning of my RTW trip, I had a supply of Euros, Pounds and US Dollars, but US Dollars are easily exchangable in any country in the world that I have been to (I haven't been to many real 3rd world countries like in Africa). Something I do know is that some ATM's do not accept 6 digit pin's so if you have one, change it to a 4 digit pin before you go. Also with getting a supply of US Currency make sure if possible you get the new type with the coloured and also get a supply of $1,$5,$10 instead of all $20 or $50, because in some countries they don't have enough change for the larger notes.

Like has already been mentioned make sure you give your bank and credit card companies a call and notify them of all the countries you will be visiting (if possible) and also the date you plan on coming back home.

18. Posted by adsheff (Inactive 7 posts) 11y Star this if you like it!

I'm about to embark on a RTW, mainly in S. America and Oz+NZ. I think Nationwide looks the best option for UK people, as they allow you to use debit and credit cards anywhere in the world for free! So much better than anyone else.

Clanger, when u say your bags get a good going over, what do you mean exactly?

19. Posted by frprovis (Budding Member 3 posts) 11y Star this if you like it!

For anyone from the USA, I would suggest setting up checking account with and, in addition to your regular checking account. Ask for an ATM card only from these new banks, as opposed to a debit card. The ATM card requires a PIN to get money whereas the debit card can be used as a VISA card without a PIN, which increases the risk if the card is lost or stolen. Then prefund these and accounts with an appropriate sum of money. Both pay interest on checking accounts. is on the PLUS network, whereas Netbank is on the CIRRUS network. My experience is that, when withdrawing 200 euros from the same ATM for both banks with less than 5 minutes from one withdrawal to the next, the amount deducted from the bofi account is consistently about $5 less than for the netbank account. I am not sure whether this difference is due to differences in bank fees, network fees or network exchange rates. In any case, I mostly use the bofi card, with the netbank card as a backup. I also have my normal checking account (bofa), which is a debit card, but I almost never use that.

20. Posted by nichoco (Budding Member 22 posts) 11y Star this if you like it!

Have you looked at the Thomas Cook Cashpassport card.I have been using this the last couple of years travelling.You have to put money into it and you can open the account in Pounds, US dollars, Euros etc.You can get anybody to add money into your account while you are away.It works through the VISA network.You can check your balance thru the internet. They have a flat rate for each transaction.

  • 1
  • 2