R&R’s Tips – Travel Money

Globe-Trotters

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Welcome to Globe-Trotters, we're Rebecca & Rhys and we love to travel! We met in 2013, married in 2014 and during those years, and to present day, we've taken every opportunity possible to see the world. Although we both had a travel passion before we met, Globe-Trotters is here because we want to share with you 'our journey', just the 2 of us. We also aim to bring you tips, fashion and gadget info and anything else 'travel' we feel might be of use.


We hope you love the site, but if you have any questions, if there's anything you'd like us to feature or you simply want to get in touch, please don't hesitate to do so because we'd love to hear from you.


Happy Travelling, Love Rebecca & Rhys xx

R&R’s Tips – Travel Money

Currency - Cash PassportsThere’s no particular best way in which to buy your currency, much depends on personal preference and also where it is your travelling to that will indicate the best way for you. So rather than spout off about what we think, here’s a list of the pros and cons for each method..

 

Cash:

Pros – Convenient, simple to use, incredibly low risk of fraud.

Cons – Risk of theft, irreplaceable if lost or stolen.

Debit Card:

Pros – no need to order currency, easy to keep track of your spending and you can only spend what is in your account

Cons – The risks are minimised if you talk to your bank first. 1. Check if there will be any fees for using your card abroad as if there are this could be very costly. 2. Make sure your bank knows that you intend to use your card abroad to save the inconvenience of having it cancelled!

Credit Card:

Pros – again, no need to order currency and it’s as simple as using an ATM

Cons – Fees! An exchange charge and a loading fee per transaction, charges will also vary hugely between cards.

Pre-Paid Currency Card:

Pros – these can be used like a credit or debit card but only what is loaded on there can be spent. They can be used to transfer money online and can also be used like a savings account to add to in the months running up to your holiday.

Cons – Some cards have fees, you should check with each provider what the fees are.

Traveller’s Cheques:

Pros – should these get lost or stolen, they can be reissued with ease.

Cons – As these are less popular than they used to be the exchange rates may not be as good as you could get with other methods.

 

Rebecca

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