Tips in Carrying Cash While travelling

Tips in Carrying Cash While travelling

It is best to only carry enough cash for food, train or bus fare's or small items you may need. If you have to carry cash I have always used a money belt that sits on my waist. I try and put this on under my clothes. It is best to keep your cash as close to you as possible. I know credit cards and travelling cheques are the safer way to go but no matter what you do you always seem to need a little bit of cash.

 

 


Traveler cheques

Don't forget the travelers cheques. I went to BofA (Bank of America) to get those to go to Peru. The teller looked at me funny and explained to me that I can get money with my ATM card anywhere in the world. I said I'd like them anyways.

Upon arrival in Lima I pulled some money with my ATM from a machine at the airport. So far so good. For the major part of the vacation I used traveler cheques. When I flew into Lima for a second time (this time from Juliaca), I needed some cash. To my surprise my card was not accepted. Turns out, BofA has suspended the card. Probably for being used in Peru !? Good thing I had traveler cheques to get some cash.

Otherwise I totally agree. Don't carry too much cash around.

Andre

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If you don't do a lot of

If you don't do a lot of international travel, it's a good idea to notify your credit card and ATM card issuers of your travel plans.  I called in once when my card wouldn't work, and was told that "someone was trying to use it in Thailand!" with an expression of absolute horror.  When I said that someone would be me, the customer service representative didn't quite get it.  She was stunned when she realized she was talking to someone who was actually in a far away place.

Now, I travel so much that I half expect to have trouble when I return to the US.  "Someone tried to use your card in Florida!"

cindy wrote: When I said

cindy wrote:

When I said that someone would be me, the customer service representative didn't quite get it. She was stunned when she realized she was talking to someone who was actually in a far away place.

Now, I travel so much that I half expect to have trouble when I return to the US. "Someone tried to use your card in Florida!"

Hilarious. However I do understand their caution, since they also guarantee protection (at least for me, Bank of America will give me my money back if something goes wrong, no questions asked). So in a sense they are protecting their interest. I have never tried letting them know about my travel plans, but I think its a really good idea. I will try next time Smile

Andre

Travel Photos 

American Express has

American Express has adopted a new policy.  They send you an e-mail that says something like, Your card was used at a jewelery store in Lima, Peru.  If this was a legitimate use of your card, you don't need to do anything.  Otherwise, please notify us immediately.

 They probably got tired of embarrassing good customers attempting to splurge on a nice piece of jewelery while on vacation.  Stopping large transactions on which they make a commission probably isn't a good business strategy when most of the transactions would have been legitimate.

cash cash

Even though it is not advisable to carry too much cash while traveling, it is still best to carry some with you for emergencies and for small payments like fares, food, etc.

TIPS

I agree with Rcon. It is paramount to carry some cash for taxies, tips and some food on the way. While big bills can be paid with credit cards, most small vendors cannot accept them.

I try to avoid having to pull out my wallet and go through a stash of cash. Usually I keep smaller bills in one pocket in my pants and larger bills in another. I keep most of the cash in my wallet stashed away. So if I need to pay a small bill, I can just grab it quickly from my pants without showing too much cash around openly.

TT 

tay wrote:

tay wrote:

It is best to only carry enough cash for food, train or bus fare's or small items you may need. If you have to carry cash I have always used a money belt that sits on my waist. I try and put this on under my clothes. It is best to keep your cash as close to you as possible. I know credit cards and travelling cheques are the safer way to go but no matter what you do you always seem to need a little bit of cash.

I carry little cash also and no traveler checks. I find merchants don’t like them. Mainly because it costs too much for them to handle. However, if you feel you must use them, then use Euro traveler checks rather than traveler checks in dollars. The one poster is correct about notifying your credit card company before you leave. In addition to that, get the number ahead of time in case you lose your card, have at least different credit cards because some areas take Visa and Master Card and not American Express. One important thing to ask your credit card company is whether they charge an extra fee for currency exchange. Rules for credit card companies are constantly changing. I found out the Citi Visa does that now. There are ATM’s all over the place so the least amount of cash the better.

Great article to read. I do

Great article to read. I do not ever cary alot of money, but then I ussualy need it when I dont. So sometimes I do, but in large crouds I like to keep the money somewhere safe, like in my shoe wich works actually very well.

Of course the day my bag

Of course the day my bag was snatched, I had extra money because I had planned to do some shopping, then didn't buy anything.  I hardly ever carry my credit card or ATM when I go out for the day, unless I'm moving from place to place and have no choice.  I usually don't stay in places that take credit cards, or eat in places that accept them.  My most recent uses of a credit card here in Malaysia have been to pay the clinic at the hospital and to pick up stuff at a pharmacy.  As you can gather, I've not been having fun lately.

Creditcard vs ATM

I also rely on my cards to get cash when travelling. Is is simply more convenient than travellers cheques. When using the cards abroad  it is worthwile comparing the fees and exchange rates for creditcards vs. ATM(Maestro). In Argentina it was cheaper for me to use the Maestro cards. Getting cash in too small amounts is expensive, I found that the fees were minimal for about 200 USD per transaction or more.

I try to mix up what I

I try to mix up what I carry, with the ATM card, some travelers checks that I only use in emergencies, like when my bank transfer to the account with the ATM card doesn't go through or I have an unexpected expense, an credit cards.  I use a money belt or neck pouch, but usually also tuck some money in a hidden spot in my pack.  I stick US dollars in a small plastic bag, then pin that inside something.  I don't pin the money because sometimes places won't change money that isn't perfect.

Mixing it up has saved me a couple of times.  I lost about $100 when my bad was snatched, because I had planned to do some shopping.  I'd locked my neck pouch with my passport, credit cards, etc. in my pack in my room.

I just got back from a

I just got back from a trip, and am happy to say that my hiding place (My Shoe) worked. I only had Bills there, so it was not uncomfertable, but it may have looked weird when I was paying someone, because I had to take off my shoe...

I also try to mix up what I

I also try to mix up what I have or rather have a little of everything cash in local currency plus USD then my debit/atm cards. While in greece I tried using my debit card at an ATM machine which sucked it in and didn't give it back after I messed up on my pin what a pain having to call my bank and cancel, I suggest if you want to use your debit card to get cash and happen to have family where you are going or very good friends ask them to take you to a local bank and they will just run it for you and give you the cash you'll need to have your passport for this in most countries. After using the debit card though your going to be charged a bunch of fees from your bank so ask your bank before you go what it will cost for each type of transaction a sale, atm, etc they may have different fees for each. After getting back and seeing how much it costed me I started looking for 0 apr balance transfer offers.

These are some really great

These are some really great tips. It is also important to make sure your credit card company does not charge fees when you use your credit card in different countries. There have been cases where there are extra charges and fees for making purchases in foreign countries.

 

If I am not mistaken the Credit Card companies now have to be upfront about these charges.  

Benco wrote: I also rely on

Benco wrote:

I also rely on my cards to get cash when travelling. Is is simply more convenient than travellers cheques. When using the cards abroad  it is worthwile comparing the fees and exchange rates for creditcards vs. ATM(Maestro). In Argentina it was cheaper for me to use the Maestro cards. Getting cash in too small amounts is expensive, I found that the fees were minimal for about 200 USD per transaction or more.

like he said! --> it's very important to be aware of the current exchange rate when travelling foreign countries. comparing rates always pays!! furthermore, there's a buch of crooks out there who try to fool you by enticing you into their "professional" stores and then telling you all kind of bulls**t until you finaly exchange your money. a friend of mine made some terrible experience when travelling India, but now he's much wiser than before. 

Exchange money

ckpatrick82 wrote:

like he said! --> it's very important to be aware of the current exchange rate when traveling foreign countries. 

Nice tip!

Since you brought it up, I try not to exchange money on the street only in a Bank. Crooks are often fast and know all sorts of tricks, including swapping bills (1s for 100s) after they showed you and counted the 100s. Before you know it they are gone.

You are describing a common persuasive trick, where people try to make themselves your friend and then pay you a small favor to make you more compliant.  If you happen to like someone quickly who wants to do business with you or if you feel rushed, take a mental step back and try to find out why you like that person or why you feel you have to go through with a deal you don't feel very comfortable about. 

Andre 

Great tips, do they come

Great tips, do they come from common sense or experience?

Would you believe that I've been to many countries in the world and never had a thing stolen, but last december, in my own city, down the local market I had my pocket picked!

Something to think about... 

 www.irelandwesttours.com

I also try to mix up what

I also try to mix up what I carry, specifically if I leave my belongings in a hostel or hotel or wherever. It's much safer that way, and I'd rather carry cash if I know I'd do some shopping or dining. And carry a secret pocket too.

one should carry a certain

one should carry a certain amount of money with himself. i always carry some money with me.because there can be any emegency. but you have to be careful when you are carrying some money...like----

1.not to discus it with others

2.keep it in a seperate place in your bag folded with a envelop.

3.must be careful about it.

every one should be careful about these factors while carrying money.

Carry small bills it's

Carry small bills it's tough making change in a lot of places, while on an island in greece in the middle of winter i had a 50 euro note and sat down for a plate of spaghetti the lady had to ask her regulars for change which was a few guys thankfully i spoke it fluently and everything was fine. But carry small bills before you go otherwise go to a bank for change and keep it in different pockets.You can even order currency in advance from most commercial banks and even from american express's website, they overnight it to you UPS so check where the better exchange rate is.