Financial Planning Tips
Toothbrush? Check. Camera? Check. Clean underwear? Check. Passport? Check. Travel money safe and sound? Erm...
Whether you’re jet setting around the world on a year-long adventure or off to soak up the sun on a tropical island, make sure you get your financial security in check. Start by carrying less cash and using more cards... it’s money you can’t lose!
Our handy Pre-Trip Checklist and Top Travel Money Tips brought to you by Visa will have your next trip sorted!
If you don't believe us, just watch what happened to this guy!
1. Online banking
Set up your internet banking. It will make it easier to manage your spending while you’re away.
2. Check your cards
Check the expiry date on your credit, debit or prepaid card and make sure it’s valid for the whole trip.
3. Make copies
Photocopy your credit, debit or prepaid card(s) and passport details, and keep the copies in a separate place to the originals.
4. Inform your bank
Your financial institutions probably have some good security measures in place and may put your accounts on hold when they are unexpectedly used in a foreign location. Great for nasty thieves, not so great when you’re trying to pay for your paella. To avoid getting left in the lurch, let them know where and when you're travelling before you leave.
5. Phone numbers
Your financial institution’s customer service number will be different in different countries. Put the numbers for the countries you're visiting in your phone or write them down before you go.
6. Get a PIN
European merchants prefer PIN transactions, set up a 4-digit PIN with your financial institution for your credit, debit or prepaid card before you go.
Top Travel Money Tips
1. Carry less cash
Travelling with cash on hand is often a necessity, but what happens if you get pick-pocketed / swindled by a beautiful beach babe / drop your wallet into the Grand Canyon and lose the lot of it?
Sadly, you can’t replace lost cash, but you can replace cards. Use your credit, debit or prepaid card for things like hotel bookings and car rentals to avoid carrying large sums of cash.
2. Know your numbers
Reservations and rentals usually require a card number, so keep yours handy.
3. Withdraw with care
When withdrawing cash at ATMs, withdraw odd amounts, large notes can be hard to break.
4. Store cards separately
Store your credit, debit, or prepaid cards in separate places, so you have a backup if you lose one.