Travel Money Advice
Brits are notoriously ‘last minute’. That’s just the way we are. If you are planning on going on holiday, make sure you plan all arrangements before you jet off, including your travel money. The most cost effective ways to get foreign currency will depend on your personal circumstances.
For a stress free break, use this money travel guide:
The key to getting the most out of your travel money is to do all the necessary research. Just like any commodity, foreign currency engages in market competition so you can shop around for the best deals. Whether you search online or visit high street brokers, exchange rates will vary. You also have various options other than the direct handover of notes.
Travel Money Options
Buying currency - other than your high street bank or post office, you can now purchase currency online. Usually the rates across the web are extremely competitive and this is also a very speedy, convenient way of arranging travel money if you don’t have time to head into your nearest town/city centre.
Travellers' Cheques - this has always been considered one of the safest and easiest ways to carry money abroad. But today’s choices in credit cards, online foreign exchange and cash withdrawals are giving us more options. Some holiday makers use cheques in conjunction with other forms of exchange. Travellers’ cheques are very safe to carry, but it can be hard finding a way to cash them if you are in a remote place.
Cash withdrawals abroad - this can be very expensive if you are withdrawing from your credit card, so it is best to use your debit account if possible. Look out for hidden charges.
Credit/debit cards - today, this can work out to be a cheap option depending on your personal circumstances. The problem with using cards abroad is that it can be difficult setting or sticking to a budget.
Travel Money Safety
There are various risks for travellers when it comes to using currency abroad. There is always the worry of theft, and although this risk can occur at home, it is always much more troubling when you are in an unfamiliar place. Tourists are key targets for thieves and holiday locations can become crime hotspots.
How to keep your travel money safe:
- Invest in travel insurance that can cover for some/all of the amount lost.
- Spread the risk and don’t carry all your travel money on your person.
- Use the hotel safe if they have one.
- Don’t have your wallet visible in your trouser pocket or shirt pocket.
- Use chains or 'bum-bags' to keep your wallets attached to your person at all times.
- Buy your travel money before you go on holiday, but also use your credit card abroad to share the risk.
Buy Foreign Currency Online
If you want competitive rates and a simple service, choose Crown Currency Exchange today. Get your travel money online and call 0800 612 7273 to find out more.
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