When travelling abroad, it’s best not to carry too much cash. Instead, use a mix of payment methods like credit or debit cards, which are secure and widely accepted. If you do take cash, split it into 4-5 portions and store them in different places to reduce the risk of losing everything.
Before you travel, check with your bank about foreign transaction fees. Many banks charge for overseas ATM withdrawals or card payments. To avoid this, consider travel-specific cards like Revolut and Monzo.
Revolut offers a prepaid card that lets you hold multiple currencies, with free ATM withdrawals up to a limit and no foreign transaction fees. You also get real-time exchange rates, making it ideal for travellers.
Monzo is a UK-based digital bank offering a debit card with no foreign transaction fees. You can make payments abroad at the real exchange rate and even freeze your card instantly if it’s lost or stolen.
With these smart money options, you can travel with peace of mind, knowing your funds are secure and easy to manage.
