Smart Ways To Carry Money Abroad SafelyPosted by buyforexonline on March 26th, 2014 When going abroad, one of the main questions that come to first time travelers’ mind is-‘how to carry money abroad safely?’ With so many con men, scam artists and thieves waiting to target foreign travelers, you have to make sure you keep your money safe all the time. To make your job easier, Buy Forex Online India Pvt Limited, the best online Forex dealer has compiled few simple tips to help you carry money abroad safely. Carrying cash with safety Carrying some cash with you before leaving you country can not only help you cover immediate expenses when you arrive in a foreign land but also avoid the hassle of exchanging upon arrival. But, there’s always a danger of losing cash or falling prey to thieves. Therefore, keep you money safe by using the following tips:
Forex Prepaid travel card The Forex prepaid travel card is a pre-paid foreign currency card that makes your international travel hassle free and convenient. You can load the pre-paid card with foreign currency in your own country and use it to withdraw cash in local currency from networked ATMs, or swipe it at merchant establishments that accept network cards, while abroad. Good companies like Buy Forex Online India Pvt Limited, providing Forex in Bangalore, Delhi, Ahmedabad and other parts of India, offer travel cards that come equipped with unique features such as, travel insurance, emergency assistance & advance account management. These features allow you to breathe easy while you enjoy your travel abroad. What’s great about pre-paid cards is their zero transaction fees. Since the cards are already pre-loaded with funds, there will not be any additional transactional fee that conventional credit or debit cards offer which may go up to even 11%! Debit Card If you want to know how to carry money abroad without having to get a travel card, you could always just stick with a regular debit card. They are easy to use, since you have already been using them in your native country. But, they have one major disadvantage - you will be charged a particular sum for every single transaction and can also encounter currency conversion charges of up to 11% . Credit cards Credit cards work the same in almost any country. You just have to make sure that the store that you are shopping from or the hotel that you are staying at accepts credit cards. But, you have to be really careful with credit cards as if they get lost, they might pose a problem. Also, there are places that don’t accept credit cards. In addition, there is the question of high transaction fees which are often hidden. For international transactions, you may encounter charges anywhere between 3.50 to 11%. If you are in Europe and need to make a transaction using your Indian credit card, there will be two charges levied – one to convert rupee to the USD, and then from USD to Euro. In addition you will encounter transactional charges up to 300 INR per transaction depending on the bank and also a 12% service fee. Travelers Cheques A traveler’s cheque is issued by a financial institution so that it can be used as a form of payment in foreign countries. They are safe from thieves and pickpockets but are slowly becoming less popular as they are not widely accepted and are hard to convert into local currency. No matter what your reason for going abroad, money is the most important thing you’ll need; hence, travel safe and buy prepaid Forex travel card from BuyForexOnline.com that gives you access to money all the time with safety features like never before. To know more about Buy Forex Online India Pvt Limited’s prepaid travel card and other foreign exchange services, visit-https://www.buyforexonline.com/ Like it? Share it! More by this author |