Best Way to Carry Money Abroad and Travel with Peace of Mind (2024)

Money is always on our minds!

Whether during our everyday lives or when we’re out on the road and travelling the world, carrying money is a regular occurrence.

It’s the travel aspect I wish to discuss with you right now and the best way to carry money abroad so that you can feel safe and secure on the road.

Everyone has methods of dealing with precious travel money, whethertravelling with cash or gettingby with a credit card as your primary use of spending.

Either way is acceptable, I use both, sometimes one more than the other depending on where I travel, and whatever you use, you’ll always find suitable means on the best way to carry money abroad.

The best way to carry money abroad.

Disclaimer: A side note, some of the products below contain Amazon Affiliate links where if you purchase a product or two, I may earn a small commission, don’t fear, it’s at no further expense to you.

Often securing your hard-earned money and virtual devices is at the forefront of your mind while roaming out and about at your intended destination.

Therefore, let’s discuss the best way to carry money abroad and a couple of handy money travel tips while touring the globe.

Lock up the cash and carry the minimum amount required

The in-room hotel safe is ideal for locking up secure documents of passports, visas and extra money. You can use it to the maximum val, storere away extra cash and only taku the bare minimum needed while out for the day exploring.

If the hotel doesn’t have an in-room safe, find an alternative method of storing away your extra cash securely in your room so it’s not coming with you. If you’re going to be a victim of theft while roaming about, it’s best to minimise the damage and travel light.

Keep your cash secured with a travel money belt

Anything wrapped around your waist in the form of a travel pouch or a travel money belt is a fantastic way to secure money, cards and other essential items.

The belt is securely around your waist with secure zippers storing the goods, therefore, making it hard for anyone to snatch away your holiday money.

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Australian customers Click here!

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Secure the cards with an RFID Card Holder

Perhaps you don’t need to physically lose your cash for your balance to go down because these days, tricky thieves are scanning your credit cards to get the digital information required to steal your money with alternate methods.

An RFID Cardholder, wallet or backpack will block any attempt for your thieves to scan your credit card details, therefore, giving you further peace of mind when travelling.

Click here to purchase an RFID Card Holder from Amazon!

Australian Customers Click here!

Best Way to Carry Money Abroad and Travel with Peace of Mind (4)Best Way to Carry Money Abroad and Travel with Peace of Mind (5)

Use an Anti-theft Backpack for general use on day trips

A secure backpack is the standard purchase for travellers these days, especially when you think about the expensive items that travel with you besides cash.

That’s right! I’m talking about cameras, laptops and other essentials that are by your side during your travel.

That’s why, when you travel, a light and comfortable anti-theft backpack becomes an essential travel item to take on your adventures.

Click here to purchase an Anti-theft Backpack from Amazon!

Australian Customers Click here!

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Wear clothing with secure pockets

At times, you want to keep the cash at easy access instead of digging around for it in a bag or pouch.

When it’s possible, wear clothes that have secure zipper pockets where it will take skill and effort for the thieves to part with your money.

Not that it is entirely foolproof, as some of those thieves have mastered the art of taking valuables away from you without realisation.

Lookout for the best exchange rate

Let’s get away from securing your cash and cards and have a look at how to maximise your money value.

While travelling, you shouldn’t rush to the first exchange bank you find, especially the airport outlets, upon arrival. In that case, you can exchange enough to get by.

Try searching around for the best foreign exchange rate at several outlets in an attempt to betterment the money you have brought with you from home.

More spending money means fun stuff for you on holidays.

Always travel with freedom and purchase travel insurance

One last thing and the one item you must buy is travel insurance.

If you are a victim of theft, whether it’s a camera, smartphone or cash, don’t lose it completely. Travel insurance can ultimately save you thousands of dollars if you’re a victim of theft, or in the worst-case scenario, need medical attention.

I hope this little information of advice can help you travel with peace of mind when visiting the globe because the last thing you need is to lose what is rather valuable to you.

Jump for joy, you’re keeping safe while travelling.

Best Way to Carry Money Abroad and Travel with Peace of Mind (2024)

FAQs

Best Way to Carry Money Abroad and Travel with Peace of Mind? ›

If you don't have or don't want to carry a credit card, you can use traveler's checks instead. You can carry a large amount of money without feeling vulnerable to fraud or loss. If they're lost or stolen, traveler's checks can be replaced within around 24 hours.

What is the safest way to carry money when traveling? ›

Guidelines/Tips for Traveling with Cash
  1. Carry as little currency as possible.
  2. Carry cash in a money belt that sits on your waist (under your clothes) or a money pouch that hangs around your neck.
  3. Keep cash concealed and close to your body at all times.

What is the best way to travel with large amounts of money? ›

You don't want everyone in line to know you're carrying a lot of cash. Always keep cash and other valuables with you in a carry-on bag. Never leave such items in checked baggage. Don't forget to declare the cash to customs if you're traveling internationally.

What is the safest way to take money abroad? ›

Prepaid currency or travel cards are the modern version of travellers' cheques – and arguably the safest way to carry money abroad. Before you travel, you can load your prepaid currency card with local currency so you can withdraw cash from an ATM on holiday.

How can I travel the world without worrying about money? ›

Traveling Without Money: Free Accommodation
  1. House sitting for family or friends. ...
  2. Try a home exchange. ...
  3. Use social networks of free accommodation. ...
  4. Volunteer and get free accommodation (and sometimes food).
Oct 4, 2021

Should cash be in suitcase or hand luggage? ›

You shouldn't place cash in your checked luggage. This is because your bags are out of your sight and a lot more people have access to them. They also go missing much more often so it is safer to keep in your hand luggage where you can control its location and track its whereabouts much more easily.

Can airport scanners detect cash? ›

A good X-ray scanner will always detect money. Airport scanners can detect even the smallest amount of metal and can detect paper. The scanners will always look after things that look different to the norm. In this case, if the currency is arranged in bundles, it will be more easily detected.

Where do you put your money when flying? ›

Travel Tip: To keep from leaving your money behind at the checkpoint, place it in a zip top plastic bag, pouch or favorite fanny-pack and store in your carry-on bag for X-ray screening.

How much cash can you legally carry on an international flight? ›

Although no rules limit the amount of money you can bring on a flight, there are rules about disclosing currency on an international flight. If you are traveling on an international flight and have $10,000 or more in your possession, you must disclose the amount of U.S. Currency in your possession on a FinCEN 105 form.

What is the safest way to carry money in Europe? ›

Many travelers also recommend bringing a dummy wallet when you travel, which is an old wallet filled with expired or fake credit cards and some small bills. Money belts and neck wallets — those flat, cloth pouches that fit under your clothes — are the traditional ways to carry money safely while you're traveling.

Is it better to use cash or debit card abroad? ›

If you need cash from an ATM, it's usually better to use a debit card, because credit cards often charge a high interest rate for a cash advance. Major credit cards are generally accepted, especially in cities. Check with your card issuer about foreign transaction fees and currency exchange fees.

What's the best way to take money to Europe? ›

By Rick Steves
  1. Resist the urge to buy foreign currency before your trip. ...
  2. Avoid (or at least minimize) cash exchange. ...
  3. Use local cash. ...
  4. Use your credit card to get cash only in emergencies. ...
  5. Don't stress over currency conversions. ...
  6. Assume you'll be shortchanged. ...
  7. Plan your cash withdrawals wisely.

How can I travel abroad without cash? ›

We have found that the best way to access cash overseas is by using plastic; in the case of our teen travelers, we recommend that they use a pre-paid debit card or an ATM card linked to a checking account. This allows international travelers to withdraw local currency from ATMs in their destination.

How to backpack with no money? ›

7 essential tips to be a budget backpacker
  1. Try hitchhiking. Hitchhiking gets a bad reputation in many places, but it can save you so much money. ...
  2. Use your network. ...
  3. Avoid acting like a tourist. ...
  4. Bag the bargains. ...
  5. Budget backpack with a friend. ...
  6. Trade your skills for accommodation. ...
  7. Make money while traveling.

Is it safer to travel with cash or card? ›

Even though it's safer to rely primarily on credit cards, it's still a good idea to have some cash available as a backup — and not just because it'll come in handy if your cards are stolen.

Is it better to carry cash or card when traveling? ›

Advantages of using cash

If your spending discipline breaks down when you use credit cards, cash may be a better choice while you let loose on vacation. No foreign transaction fees: Many credit cards charge an extra fee of up to 3% on purchases made outside the country, although you can find cards that don't.

How much cash can you carry while traveling? ›

It's legal to travel with more than $10,000 in the United States and abroad. You have the right to travel with as much money as you want. However, during international travel, you need to report currency and monetary instruments in excess of $10,000.

How much cash should I have in my wallet when traveling? ›

Carry $100 to $300

“We would recommend between $100 to $300 of cash in your wallet, but also having a reserve of $1,000 or so in a safe at home,” Anderson says. Depending on your spending habits, a couple hundred dollars may be more than enough for your daily expenses or not enough.

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