The 5 best ways to carry your money overseas

No matter how long you are going for on a holiday you will need access to money. When I travel, I travel with a combination of the following.


It is a good idea to have some cash. Organise some before you leave home. The equivalent of a couple of hundred dollars of the currency of the country you are heading to should be enough to last you until you get your bearings and find out where the nearest Automatic Bank Machine (ATM) is. Request some small denominations to be included so you have small notes available to catch public transport from the airport, for tips if required and other incidentals, such as a drink.

Accessing your current bank account

Accessing your current bank account electronically is very easy nowadays. Download your banks app and away you go. You can monitor your account from your phone from anywhere in the world, as long as you have wifi!

Open a bank account in the country you are basing yourself

You will need a bank account in the country you will be working so your wages can be paid in to. Your current bank should be able to help you there. They have relationships with banks to open an account for you. You don’t have to do this as you can always open one when you arrive.

Credit/Debit card

Many people travel with a credit/debit card for the ease and convenience of them. Visa and MasterCard are widely accepted around the world, including in London and the UK. You can use your cards in local ATMs to access your money. Check with your bank about any fees that may apply while travelling and obtaining money from your account in the local currency of the country you are in. Ensure you have telephone numbers available if your card/s is lost or stolen so you can make that call so no-one else can access your account. If you are planning to work (which most of us are on a working holiday) you will probably open a bank account in the country you are working so you can be paid in the local currency.

Travel Money Card

A travel money card is a prepaid card that can be loaded with different currencies to make purchases while travelling overseas. You can decide how much and which currency to load the card with. It is used similar to having a credit/debit card but with a specific limit. You can also request re-loads while travelling to top up the card. Banks and some travel agencies can issue these cards. Visit your nearest bank or search on-line for information.

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