When traveling abroad, there are many ways to make sure you have enough money on hand, readily available for your trip. You also want to ensure that your money is safe and secure as you travel. Luckily, there are a few currency travel options that you can choose from, picking the one that you feel most comfortable with while on your big trip.
Convert Before you Go
If the country you are traveling to utilizes a different currency than your home country, you may want to consider getting the local currency before you get on the plane. When you arrive in a foreign country, you may find the automatic need for cash and be happy that you have some on hand.
So, before your trip, decide if you would just like to have a few dollars on hand or if you want to carry your entire trip budget with you in cash. So, for example, if you are traveling from Australia to India, head to your local bank and have them exchange your AUD for INR in the amount that you feel you need. Pack your cash safely and head out on your trip! You can visit FXCompare to analysis all foreign exchange rates.
If you have a bank account that is linked to a debit card, this is a great way to get foreign currency or simply pay for purchases while traveling. An even better idea is to look for a bank that offers no fee and open an account with the bank before your trip. With a no foreign transaction fee attached to it, you can swipe, withdraw cash and pay for purchased without worrying about a fine for every transaction. These are easy to use and can save you a lot of money in small fees.
In addition to using a debit card, you can opt to use a major credit card instead. These are accepted worldwide so vendors on your trip are likely to take to accept as payment. There are also many credit cards that are fee-free as well, giving you the ability to make transactions across the world without being hit with fees.
Prepaid Travel Card
A prepaid travel card is the perfect example of a safe and convenient method of payment that you can use while abroad. Look for one that offers no transaction fees that you can simply use and pay the sticker price for items, no additional charges.
Some people may put their entire trip budget, while others may choose to divide their cash between several cards, just in case one gets stolen or lost, you will have a backup! Once overseas, you will be able to use it just as you would any other credit card however it is not linked to any of your personal information, making theft less likely.
There are quite a few money options you can use when traveling abroad. Pick one that you feel comfortable with and that will help you get the most out of the local currency.