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Best way to handle your spending money?

Travel Forums Round the World Travel Best way to handle your spending money?

1. Posted by WeeJoe (Full Member 336 posts) 13y Star this if you like it!

Alright people?

Off 1st time RTW early next year, the one thing that is troubling me more than anything is the safest and easiest way to organise access to my spending money. Any tips? Travellers Cheques? credit cards? Strap it all to myself? What currency to bring? What denominations? I dunno

I'll be in Asia for the first 3 months, its gonna be tricky, any advice?

2. Posted by GregW (Travel Guru 2635 posts) 13y Star this if you like it!

Most of the advice I have seen, and my own personal experience would lead me to believe the best thing to do is to just use your ATM cards. Most places in the world (at least the major cities) have multiple ATM machines. Then you don't have to worry about cashing travellers cheques (a pain) or worrying about exchange rate gouging (as reputible banks will give you a decent exchange rate). And no worries about having all your money stolen.

The key thing is to find yourself a bank that charges no fees for international withdrawls. When I was down in South America the PLUS fees were $5 Canadian a withdrawl.


3. Posted by Rach-a (Respected Member 368 posts) 13y Star this if you like it!

I'm going in less than two weeks I'm bringing a combination of all three - cash, plastic and travellers cheques - as I reckon it's a good bet to have a bit of spare cash around and travellers cheques too You can keep records of the numbers on them separately so if they are stolen they can be replaced - and of course the plastic I'm taking more or less incase of emergencies and because I want to leave some cash in the bank and get it out later on I'd check where your card can be accepted - if it is something like visa it should be accepted in most major cities around the world - but other types of card may not be so widely accepted. Also denominations - when getting travellers cheques or cash - it's sometimes best to take a good amount of smaller denominations because alot of places may not be able to give the correct change Hope this helps

4. Posted by jordy (Full Member 54 posts) 13y Star this if you like it!

Hey there Wee Joe

Tose guys have the right idea i am leaving in Jan for a rtw trip and was a little worried about money stuff.:(

but quickly came to realise that ATMs were the main way t o go, and get enough cash out as i go along.

BUT will abviously take some TCs and rely on plastic for emergencies.

hope that maybe settles u a little
have a safe trip


5. Posted by WeeJoe (Full Member 336 posts) 13y Star this if you like it!

Cheers folks,

really appreciate the advice. Ive decided on a Visa Debit (from my home bank account with most of my funds in) kept in a wallet in zip pocket, my Mastercard Credit Card for the Emergencies hidden in my pack, relatively small amount of Travellers Cheques in UKĀ£, and a wad of US$1 bills and small denominations of Rupee's and Baht crammed into a money belt.

Hopefully that covers me for most eventualities!!

I've never been robbed before and I sure as fawk don't want it to happen when i'm on the road!

6. Posted by peeps (Full Member 114 posts) 13y Star this if you like it!

be carefull though, like i said in another thread if your getting any buses in asia they sometimes go through your bags in the hold, even the ones that are locked. the rest of the time though it is a good idea to keep them seperate.

7. Posted by manjit (Budding Member 14 posts) 13y Star this if you like it!

hi, does anyone know of any bank in the UK that charges no fees for international withdrawls?? the cheapest i have found so far is nationwide who charge 1.25%...

8. Posted by sfrx (Budding Member 10 posts) 13y Star this if you like it!

I am just finishing a RTW trip.
I had Travellers checks, cash, credit card and ATM.
This is what I did -
Travellers check - hide in lugagge
Cash - strap to my body
ATM - get cash as soon as I arrived at the airport. I found ATM machines everywhere.
Credit card - charge everything that was possible to charge.

I did not spend any of the Travellers checks - Only spent US100 fo the cash. everything else was from the ATM machines. I did get charged US1.25 to 1.50 for the use from banks in New Zealand. Most other places there was no charge for use.

On my next trip. I will not take as much cash. I will get 2 ATM cards from 2 different accounts in case one is lost or eaten by the ATM machine (I've been told that can happen in Morocco) I will still take the Travellers check as an insurance.

9. Posted by KitCat (Full Member 65 posts) 13y Star this if you like it!

For all people that live in the U.K as I found out. You can withdraw money worldwide without having being charged if you have an account with Nationwide. I thing every little help.