How to Carry Money Abroad?

sslrobertson

Hi there

I am travelling Asia for 6 weeks followed by a lengthy stay in Oz (8 Months) and then making trips to NZ (4 weeks), Fiji (1 week) and the USA (3 weeks). I'm really not sure how to carry my money. I have £6000 saved and want to know where to keep it when I am travelling.

Options:

- Keep money in UK bank account (Nationwide Flex account does free withdrawls abroad)

- Top up debit card from post office (not looked into this fully yet)

- Open bank account in Oz and transfer money

Any tips/advice would be great.

Thanks :money:

Any

To be honest I would probably do 2 accounts just in case and also take little "back up" in travellers cheques.
If one card fails - is stolen, get blocked, broken, dodgy transaction - you can use second card while the first one is getting sorted.
And if you are so unlucky as to have them both blocked (or stolen) you still have the travellers cheque to get some cash for phone calls - taxis to ambassy and get it sorted.

MenstrieBen

hi,

something else possibly worth doing is keeping the bulk of the money in an account that you don't directley access from abroad.

set up a standing order to move this money across to your "spending account" (nationwide would ge my vote!) once a week or so.

great for budgeting and also gives a fall back that if your spending account is comprimised/cleaned out that there shouldn't be too much money in it.

there is nothing to stop you having more than one nationwide current account and that way it keeps it simple as the tranfers are same day, it probably wouldn't hurt to have an emergency backup credit card for bigger purcheses as well.

have a good trip