The best options for travel money options while holidaying in Europe will depend on the needs of the traveller. Each traveller should have at least two options available at all times for protection. Most travellers cannot travel to Europe safely without having access to cash and credit. Let’s explore the benefits of five different travel money options.
1. Use Local Currency for Holidaying in Europe
When travelling to Europe, it is important to have at least 100 to 150 Euros. This cash can be used to purchase food in the airport or to hire a cab. Local currency is the easiest way to pay, but it is not always the safest because if it is lost, it cannot be replaced. Keep in mind that the currency exchange rates at the airports are not in the traveller’s favor. It is better to obtain the money from a bank before departing for Europe.
2. Use Traveller’s Cheques for Holidaying in Europe
Though traveller’s cheques are slightly antiquated, they are recommended for travelling abroad to protect funds against theft. If a traveller’s cheque is lost, simply call in the number on the stub, and the money will be restored within 24 to 48 hours. Traveller’s cheques can also be converted into local currency with a signature. This is a convenient process that many travellers find safer than local currency.
3. Use Credit Cards for European Holidaying
Credit cards are universal because they are accepted everywhere. Many traveller’s prefer credit cards for flexibility. Airline tickets, hotel rooms, and rental cars can all be charged on credit cards. Meals and cash withdrawals are possible while holidaying in Europe. As long as the limit is high enough, traveller’s can purchase any items and worry about the expenses later. Always check the exchange rate to determine how much higher it will be while travelling in Europe. Exchange rates are typically higher than standard rates, and other fees may also be applicable.
4. Use Cash Machines on European Holidays
Debit cards can help travellers obtain cash when travelling in Europe. It’s best to limit the number of transactions because a fee will be charged when cash is withdrawn. This will keep money safe in a bank account until it is needed. The exchange rate might not be in the traveller’s favor also.
5. Use Prepaid Cards for European Holidaying
Prepaid cards can also offer a certain level of protection from thieves while travelling. These cards can be used in the same way that credit cards are used when travelling abroad. The funds must be loaded onto the card before travellers can access them. There is typically a flat fee for cash withdrawals. With the PIN number, it is difficult for thieves to take advantage of the funds on the card if found.
Choose Two Best Options for Travel Money
Choose two best options for travel money while traveling in Europe. Select the option that is most widely accepted and is safest. With this strategy, travellers will be protected.
Written by Natalie Brooke
Natalie has travelled extensively in the past twelve months to over 30 countries. She uses cash passport cards from Travel Money Oz every time she travels to keep her travel money safe. She prides herself as a thrifty traveller and loves sharing her thrifty practice with her readers.