If you plan to travel this year, you want to be prepared by carrying the right type of currency. As soon as you get off the plane, you will be spending your holiday money on a cup of coffee or a taxi ride.
You can carry cash with you and convert it when you arrive in the new country, but you won't be able to buy anything or do anything until you stand in line to convert. Carrying cash is dangerous, and it is easy to lose or become stolen when you reach in your pocket for a couple of dollars to buy a cup of coffee. You should also keep in mind that there are fees charged to change travel money.
Prepaid Debit Cards
It's becoming the safest way to travel with money. Losing money is horrible and leaves you with limited options, especially if you don't have a lot of money to begin with. When you send money to a prepaid debit card to Europe, you will pay with U.S. money. Then when you are in Europe and purchasing something, it will automatically pay for it in Euro. The same thing goes in other countries as well. In England it will be pounds instead or euro. In Denmark and Sweden, it will be Kroner instead of euro. In Bulgaria, it will be Lev instead of euro.
A prepaid debit card is accepted anywhere a debit card is accepted. You can also use them at ATM locations all around the world. When you use a prepaid debit card, you can transfer large sums of money without it costing you a lot. The fees that are charged for large transfers are affordable.
Transferring frequently
If you have friends or family that are located in another country, it may be up to you to send them money. In the past, you would need to send money using Western Union. This would not only cost you a lot of money but it would require that you find a location to send them money from. Some prepaid cards are reloadable, so you can send money on a regular time schedule.
Avoid the unexpected
Before you make your initial deposit in a prepaid card, you want to make sure that you are aware of all the fees that will be charged to your card once it is activated. Although the fees may be small, there may be several small fees, which can add up to a lot of money. Some cards charge more than others and this is what you need to watch out for. Everyone who travels has their own horror story of how they lost their cash or couldn't find a place to change travel money. Having a prepaid debit card will ensure that you will have money when you need it the most.
Enjoy your vacation and don't worry about the money. You have other things to see and do.
Thursday 25 March 2010, 09:50am
No matter where life takes you, you need to have access to sufficient resources along the way. This is especially true if you are on vacation or in an area where you are unfamiliar with the local currency. In this situation, it's important to be able to make the transition from your local currency to the currency of the area you are visiting. There are several options that you can use for money exchange rates, but some are better than others.
What are prepaid currency cards?
Prepaid currency cards work along the same lines as prepaid debit cards, only they are used to purchase foreign currency. These cards are usually linked to your current account, and money is loaded from here. You can choose the amount that you load onto the card, and many of the prepaid cards available now will not charge you to load amounts of over £500 onto the card. It is possible to load a prepaid currency card at any time, so if you run out of money during your holiday you can easily top it up. Having such a card means that you do not have to carry cash with you as you can use an ATM to withdraw money while you are on your holiday.
Prepaid currency cards are also very good for anyone who not only wants the cheapest exchange rates but who also wants to make sure they do not overspend while they are abroad. To take advantage of this simply decide on your holiday budget, have the funds in place and load your prepaid currency card when the exchange rate is good.
Prepaid currency cards VS other methods
There are other ways to purchase foreign currency such as visiting the travel agents, going to a bank or post office or even buying online. All of these methods are easy enough, but the exchange rate you receive can vary quite a lot which means that you could get less currency. However, if you are looking for the cheapest exchange rates you will find that you will pay more to have money exchanged into foreign currency. So with this in mind it is clear to see that prepaid currency cards do offer you the cheapest exchange rates.
Many people who use prepaid currency cards will keep an eye on the latest exchange rates and load their card when they can get the most for their money. By using this type of approach it is possible to load your card at times when the exchange rate is good and build up your holiday funds prior to your departure.
Can you get the cheapest rates with prepaid currency cards?
As shown when you decide to use a prepaid currency card to get your holiday money you can get the cheapest exchange rates by topping it up at the right time. By watching the exchange rates closely you can see when you will get more currency for your money. So if you are looking for a way to maximise your money and benefit from cheap exchange rates, you should look towards a prepaid currency card. Not only are they straightforward to obtain, they are easy to load and you can get some of the cheapest exchange rates around.
Wednesday 24 March 2010, 01:54pm
When you need travel cash, there are some options that are more secure and easy to access and some that are more secure to carry with you in your foreign travels. For those that are concerned about getting the best currency exchange rates, when it comes to converting pounds to dollars, they might want to consider the alternatives that are available to purchase travel cash for your next holiday or business trip.
Travel Cash Delivered To Your Front Door:
When you need travel cash and want to enjoy the best currency exchange rates, you can use your personal computer to place an order before 2pm and get your travel cash delivered to your front door the next day, using Royal Mail Insured Delivery Service. What's great about this option is that you can get free delivery for orders that exceed 500 pounds and you can get your banknotes in a choice of 21 currencies. For orders that are less than 500 pounds, there is a 6 pound delivery charge, but this is still a convenient way to take advantage of the best currency exchange rates, when you need to purchase travel cash for your travels and want better rates than exchange bureaus or kiosks can offer.
Bank Transfers For Travel Cash:
Travel cash can be transferred to your foreign currency bank account if you are traveling for a holiday, but you can also take advantage of bank transfers for a number of things, including purchasing property in foreign countries. You can also use bank transfers to purchase your currency card, which can be the safest and easiest way to have access to travel cash whenever you need it. You just have to set up an account, which takes a few minutes in the initial stages of making your purchase. You can use bank transfers to purchase the currency card and most of the high street banks will allow you to transfer money from your bank account with no fee, when you are using it to purchase travel cash this way.
Currency Card Instead of Travel Cash:
The easiest way to have easy access to travel cash is to use the prepaid currency card. This travel money card can be used to get access to travel cash if you need it or you can use it like a credit card, but not have the interest charges. Not only is this the best way to get the most attractive currency exchange rates, but it is a way to have holiday spending cash without having to carry currency. It is easy to set up an account and purchase your prepaid MasterCard currency card on the Internet. Because you are getting the currency card from an online business that doesn't have rent overhead, you don't pay commissions, like some other exchange bureaus that convert your pounds into travel cash. When you are looking for the safest and easiest access to travel cash, a prepaid currency card is the best option.
Wednesday 24 March 2010, 09:31am
