Does your bank know that you are travelling to WYD? Don't tell them so that you can get extra credit cards but so they don't cancel your current cards whilst you are overseas. Here are a few tips about handling money whilst you are overseas:
- Tell you bank where you are going: many banks will shut down a credit card if the card is used in a different country to where the card was issued. The last thing you need on your WYD pilgrimage is for your cards to be cancelled as a security measure. Inform your local branch that you are travelling overseas so they can add it to their records.
- Get a travel card: whilst you might take you normal bank cards it is wise to put some money on a Cash passport travel card. Some of the banks allow you to buy another card from them that is not linked to your account, that way if you have you travel card stolen or lost then people can't access all your other accounts. You can usually use internet banking to add more money to you travel card. Many travel cards save you on conversion charges too.
- Don't bank at an internet cafe: whilst you might link to skype back home or check emails on a computer in an internet cafe it may not be the safest option for internet banking. It is hard to trust computers that you don't know with your banking details. If you need to use internet banking then you could borrow a computer from a friend, use a smart phone on wifi or call someone you trust at home to jump online for you.
- Don't use an ATM for small amounts: many ATM's overseas will charge you a usage fee and a currency conversion fee. So it is important to take a larger sum of money less frequently rather than smaller amounts every day. Back at home you may withdraw $20 from an ATM, but overseas that same transaction will cost you a $2.50 usage fee and a currency conversion fee.
- Cash: It is helpful to have cash to pay for items at the airports while travelling. You should take some Euros with you on the plane so that you can buy something before you get to an ATM. If you are carrying several hundred euros then split it up amongst your wallet, your day pack and your luggage, if one gets stolen you haven't lost all your cash.
What are your travelling tips? Could you share a story with other readers in the comment section that could help us all learn how to be safer with our money when travelling?
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