best way to travel with money

18 tips to help you manage your money while traveling

International travel is full of excitement. Seeing new places, trying new cuisines, and navigating a different culture lead to memories that last a lifetime.

As a college student or young professional, travel can be one of the most rewarding ways to spend your well-earned money.

But with all the excitement of traveling abroad, you can’t forget about managing your money. In addition to having the right currency and understanding foreign exchange rates, you’ll want to take measures to manage your money well while on the move.

While traveling doesn’t have to be more expensive than your day-to-day life, there are extra considerations to take to keep money safe while traveling.

What’s Ahead:

Before you leave

1. alert your bank and credit card company.

Alerting your bank and credit card company used to be a standard practice when traveling abroad — so “suspicious” charges in another country didn’t put a freeze on your accounts.

These days, however, banks are a little better at tracking fraud. But alerting your bank and credit card company still can’t hurt — especially if you’ve never traveled abroad with your card and want to make sure you don’t run into any issues with your account.

2. Look into your cards’ foreign transaction fees

Foreign transaction fees — tacked onto any purchase made outside of the U.S. — can add up fast when you’re traveling abroad. If you’re not sure if your card company charges foreign transaction fees, give them a call before your trip to find out. While you’re on the phone, ask if there are specific ATMs to use that will help you avoid extra fees.

If your cards do charge foreign transaction fees and you have enough time before your trip, you might want to consider getting a credit card that doesn’t charge them. If you plan to do more traveling abroad in the future, a card without foreign transaction fees will save you a lot of money over the years.

3. Save copies of important information

Before you leave, make sure you have access to all of your important bank and credit card information in case something happens and you lose your cards. Keep an accessible digital record of the following:

• Your bank’s phone number
• Your credit card company’s phone number
• Your credit and debit card numbers

It might be easiest to take photos of your cards and save them on your phone. The important thing is to be able to access your card numbers and contact your bank in case of an emergency.

4. Confirm or purchase travel insurance

If you have a travel credit card, chances are it comes with travel insurance benefits. These benefits can come in handy when things don’t work out as planned — like when your flight gets delayed or your rental car windshield cracks. You don’t want to be on the hook for added expenses, especially after working hard to plan a trip within your budget.

Look up the travel insurance benefits that come with your card so you know exactly what’s covered. If you don’t have a travel credit card — or your benefits don’t cover enough — consider buying travel insurance. You can compare policies online using sites like SquareMouth and Travelinsurance.com to find the best option for your trip.

5. Get some local currency

It’s always wise to have at least some local currency on hand before arriving at your destination. You never know when you’ll have unexpected card troubles and need cash when there’s no ATM or bank around. Bring at least enough cash to get you a couple of meals, a hotel room, and transportation to tide you over until you can access a bank or ATM.

And don’t wait until you get to the airport to get cash, or you’ll pay a fortune to exchange currencies. Instead, call your bank ahead of time to see if you can exchange your money there — you’ll usually get a much better deal.

6. Consider a prepaid travel debit card

If you don’t have a credit card without foreign transaction fees — or you’re worried about using your card abroad — you can always get a prepaid travel debit card to load up with cash before your trip.

These cards, while they can be costly, come with lots of perks — like fee-free transactions, 24/7 assistance, and no ATM withdrawal fees. But just like credit cards, the perks vary card-to-card — and the fees can add up — so weigh your options and do your research to pick the best card for your trip.

During your trip

7. know when to use card vs. cash.

It’s always wise to have several methods of payment while traveling abroad. Some businesses will prefer card over cash, while others may not accept a card at all.

For example, using a credit card at a local street market may not be possible — so you’ll probably want some cash on hand. And in some countries, it’s best to tip with cash rather than on your card.

Alternatively, businesses like hotels may prefer you pay with a card — and you may save money if your card doesn’t have foreign transaction fees. And depending on how you tend to spend and budget, using a card can help you categorize and analyze your spending more easily at the end of your trip.

8. Use points

Travel hacking — or using miles or points to pay for travel — has become more popular in recent years. And contrary to what you may think, you don’t need to spend a ton of time or effort to earn and make use of points.

Travel credit cards usually issue points or miles when you pay with the card, which add up over time to help you save big on flights or hotel stays. If you have a travel credit card, read the fine print to understand how to earn points and make the most of them while traveling. If you don’t have a travel credit card, pick one that maximizes benefits you’ll actually use, doesn’t clobber you with fees, and — to get you some rewards right off the bat — has an attractive sign-up bonus.

9. Avoid random ATMs

When withdrawing money in a foreign country, be smart about what ATMs you use. First of all, if your bank allows fee-free withdrawals at particular ATMs — or they have branches where you’re traveling — make sure to use those machines to save money on withdrawal fees.

Try to avoid independent ATMs — they’ll often have higher fees and lower security than bank ATMs. And don’t use any ATM in an area that feels unsafe. Use machines in public places, and check your surroundings before making a withdrawal.

10. Protect yourself from theft

A smart way to manage money while traveling is to not keep all your money in the same place. If your wallet gets lost or stolen while you’re out, you don’t want to risk losing all your cash.

If you withdraw more cash than you need to spend at once, keep the extra bills in your hotel safe. When you’re out, carry your cash securely in a money belt or tamper-proof wallet. You might even want to invest in an RFID-blocking wallet, which protects your cards from digital theft by radio-frequency identification skimmers.

11. Choose local currency when paying with a card

When you’re paying with your credit card in a foreign country, you may notice an option to select either your home currency or the local currency when checking out. It might not seem like a big deal in the moment, but you’ll save money by choosing the local currency.

Despite having a credit card without foreign transaction fees, you may still pay a fee — usually around 3% —for paying in your home currency. And though you may have to do a quick currency conversion to determine how much you’re spending, you can end up saving a lot of money with this one easy tip.

12. Understand tipping culture

In North America, it’s not just polite — it’s expected — to tip 15% or more in restaurants and for other services. But tipping culture isn’t the same across the globe, and in some countries, tipping is even considered rude.

In Europe, for example, you’ll often pay a 5-10% service charge that’s already tacked on to the bill. In Asia, however, tipping isn’t the norm (and in some countries, like Japan, can even be disrespectful). Do some research on tipping culture in the countries you’re visiting. Consult travel guides and tourism websites to find out what’s expected before you go.

13. Check your account regularly

When you’re spending a different currency than your own, it’s easy to spend more than you realize (I am definitely guilty of this ). And when you’re using a card — in any currency — it’s easy to overspend. Now that lots of restaurants and stores are now card-only, you might be spending more than you realize.

Make sure you check your account regularly to avoid overspending your budget. You don’t want to arrive home after your trip with a pile of credit card debt that you weren’t expecting to pay.

14. Bank securely while traveling

Banking securely will help you keep money safe while traveling. And since most of us bank online these days, it’s extra important.

First of all, make sure all of your devices are password-protected before you travel. Otherwise, if your computer or phone gets stolen — and you have your passwords saved automatically — someone could instantly gain access to your online accounts.

If you can help it, try to avoid using free public Wi-Fi, which could potentially put your information at risk. If you need to log into your bank accounts, make sure you’re using cellular data or a protected Wi-Fi network.

15. Don’t forget the exchange rate

No matter whether you’re paying with card or cash, keep the exchange rate in mind when you’re spending. It’s easy to lose sight of how much you’re actually spending — and think something is “cheap” when you’re really paying with a more expensive currency.

If you need to, you can use an app to convert currency prices before making a purchase. That way, you know exactly how much you’re spending each time you swipe your card.

After your trip

16. convert your leftover cash.

Unless you know you’ll be traveling again soon, try to spend any foreign currency before returning home. If you come back with foreign cash, you’ll have to exchange it back to U.S. dollars. Exchanging money twice — to a foreign currency and then back to U.S. dollars — will cost you a lot in fees.

If you do need to exchange currency back into U.S. dollars, you’ll want to return to the bank. That’s where you’ll find the best exchange rates and lower fees. Or better yet, if you have a friend who’s planning to visit the destination you just came from, see if they’ll buy your leftover currency for a reasonable, fee-free rate. You’ll both come out ahead.

17. Pay off your credit card

When you return from your trip — and before you start dreaming up the next one — make sure to pay off your credit card. If you used your card for most of your purchases abroad, you don’t want to let that hefty balance linger.

Make sure you pay off your credit card and any travel-related expenses as soon as you can so your trip doesn’t end up costing you more down the line.

18. Check on your accounts

On a similar note, make sure you check up on your accounts after returning home from your trip. Don’t let any unfamiliar charges go unnoticed — instead, if you see something suspicious, call your bank or credit card company right away to report the charges.

Next time you travel abroad, use these tips to help keep your money safe while traveling. When you take the time to make security a priority, you can travel with a lot less stress — and spend a lot more time having fun.

Featured image:  HappyTime19 /Shutterstock.com

About the author

Cassidy Horton

Cassidy is a personal finance writer with an MBA and a bachelor’s degree in public relations. She has published hundreds of finance articles online covering a range of topics for variety of publications, including Forbes, The Balance and Money Under 30.

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Protect Your Trip »

20 Ways to Keep Your Money Safe While Traveling

More than "middle seat," "lost reservation" or "canceled flight," the two words that have the power to rattle even the most intrepid traveler are, "Stop, thief!"

Tamara Tennant, a globetrotter and owner of an interior design firm in Fort Lauderdale, Florida, recalls how she, her husband and two friends were surrounded by would-be thieves on the Paris metro several years ago. "One of them unzipped my friend's fanny pack and grabbed his money clip. My friend's wife saw what happened and instinctively started shouting while shoving the thief's arm up in the air to expose the money clip," Tennant said. "She grabbed it from the thief's hand and, when the train reached the next station, the thief and her accomplices — all women — got off and disappeared into the crowd." The entire incident happened in seconds.

You may have the inside scoop on where to find the best deals on hotels and how to pack like a million-miler , but knowing how to keep your money safe while traveling is both an art and a science. For a worry-free journey, follow this advice from frequent jetsetters and travel experts.

See: 6 Common Travel Setbacks: Tips for Surviving a Trip That's Gone South

1. Plan to carry at least two credit cards, just in case one is lost, stolen or otherwise compromised. The cards should be issued by different payment networks, such as Visa or MasterCard.

2. Notify your credit and debit card providers about your travel plans so they won't decline any charges, suggested Renato Carfagno, a vice president at J.P. Morgan.

3. Don't assume your "big bank" ATM card can be used at every international destination, advised Tennant. Check with your bank in advance to find out if your card will work where you're planning to go.  

4. Photocopy your passport or other ID, the front and back of tickets, and each credit and debit card you plan to carry. Leave copies with someone back home and keep additional copies locked in your hotel room safe.

5. Melvin Böcher, founder and CEO of Travel Dudes , always travels with a laptop and scans or takes pictures of important documents and then emails the images to himself. He said this information can also be stored in the cloud through Google Drive or sent to a Dropbox folder. Stephanie Diehl, a professional travel consultant at Travel Designed , keeps important personal information on her phone as well as her laptop, protecting access to both with a password.

6. If you're tech-savvy, store confidential information as an encrypted PDF on your phone or in the cloud.

See: Your Travel Insurance Questions Answered

7. If you're planning to visit a close friend or trustworthy business colleague overseas, ask in advance if he or she will exchange his or her currency for yours. Jossie O'Neill, an international special education consultant who frequently travels to India, said this is a good way to avoid fees at conventional money-exchange offices. If your foreign friends don't want your dollars, ask them to negotiate the money exchange process for you. Lynn Housner, an associate dean at West Virginia University, does this when he travels to China. "They're always able to get a better exchange rate for me than I could by myself," he said.

8. Erin Bender, founder of Travel With Bender , advised looking up the exchange rates in the countries you're visiting before exchanging any currency. At a bank or currency exchange office, count the exchanged money yourself in front of the clerk.

9. As long as your bank doesn't charge an ATM fee, you'll get a better exchange rate at an ATM than at a currency exchange office.  

10. If your ATM or debit card password consists of letters, you should know the corresponding numbers, advised Steve Jermanok, a travel writer, travel agent and owner of Active Travels . Many foreign ATM machines do not have letters.

11. Dave Levart, founder of Dave's Travel Corner , always uses ATMs inside banks rather than stand-alone machines, which can be outfitted with a skimmer that can steal your card's information.

12. If you need to carry more than minimal amounts of cash, arrange for your bank to increase the daily cash withdrawal limit on your ATM card, and make the change effective only for your travel dates. If your ATM card and PIN are stolen, this will limit the thief's access to your money. 

13. Through his travels, Jermanok found that many retail stores and restaurants in Europe only accept cash or chip-embedded credit cards. These cards, which are starting to gain popularity in the U.S., can be vulnerable to electronic pickpockets. He advises clients to purchase chip card sleeve protectors, which block the transmission of radio frequency identification signals. They're inexpensive and readily available through Amazon .

14. Marlene Jupiter, author of "Savvy Investing for Women," often carries prepaid Visa or American Express cards when traveling. This eliminates the worry of unauthorized access to a conventional credit card.

15. Cash is king in some countries. Tennant found that in New Zealand, some businesses add a 2.5 to 3.9 percent surcharge to purchases made using a credit card.

16. When traveling internationally, research tipping etiquette in advance, advised Kim-Marie Evans, founder of Luxury Travel Mom . A service charge is customarily included on restaurant bills in many countries. "It's nice to be a big tipper," she said, but if you're generous, "it should be on purpose rather than by accident."

17. This may be a no-brainer, but always lock valuables (electronics, medications, passports) in your hotel room safe whenever you leave the room.

18. When going through airport security, wait to put your bags on the conveyor belt until you're ready to step through the screening portal. This ensures that you and your bags will move more or less together, and it makes it more difficult for thieves to snatch your stuff.

19. Whenever you leave your hotel, avoid keeping cash, credit cards and wallets all in the same bag or pocket. If you have a travel partner, divide it between yourselves and carry it in multiple areas on your body.

20. Many travelers avoid carrying a handbag or wallet altogether and opt instead for a money belt. Diehl recommends the PortaPocket system of hands-free carry cases.

See: 7 Reasons to Never Travel Without a Credit Card

About the author: Carolyn Gatto is an award-winning writer, editor and publisher who specializes in travel subjects. Following a 25-year career in print publishing, she founded two travel websites. Her latest launch is EasthamVacationGuide.com , an insider's guide to the best places to eat, shop, stay and play in and around the Eastham area of Cape Cod. Follow her on Twitter @CG_NY_CC .   

World's Best Places To Visit

• # 1 South Island, New Zealand
• # 4 Bora Bora

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The Ultimate Guide To Traveling with Money

Last Updated: July 14, 2023

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There are lots of different ways to spend money these days, but international travel throws in a whole new level of complications.

On top of managing your money, there’s transaction fees to think about, currency exchange rates, and security too.

In this guide, I’m going to outline all the best ways to travel with money, securely and safely and without losing your shirt in fees.

Table of Contents

Chapter 1: The Best Ways to Carry Cash Safely While Traveling

Chapter 2: how to use atms abroad safely to access your cash.

Chapter 3: How to Use Your Debit Card Safely On The Road

Chapter 4: How to Save Money By Traveling With Credit Cards

Chapter 5: How Many Debit and Credit Cards To Carry While Traveling

Chapter 6: How to Use Prepaid Travel Cards if You Don’t Want a Credit Card

Chapter 7: The Skinny on Travelers Cheques

Cash can be quite useful – and in some cases downright necessary – while traveling.

Despite my personal preference for using a credit card whenever I can, I’ve been to places where cash is the only currency; be it a marketplace, restaurant, or entire city or country.

But cash is also the easiest form of tender to lose or be bereft of, on levels ranging from petty to devastating.

In this chapter, you’ll learn my favorite ways to carry cash safely while you travel.

Don’t Access Your Wallet In Public

If you’re in a busy marketplace and enjoying some shopping and the art of haggling, constantly whipping out your wallet is asking for trouble.

Instead, keep some spending cash loose and separate from your wallet.

Not only is it a form of budgeting, allowing you to pre-determine how much you’d like to spend and keeping only that amount easily accessible, but it also limits your liability for theft or loss.

On a similar note, don’t keep your wallet too easily accessible. The easier it is for you to access, the easier it is for a pickpocket to access.

Diversify Your Cash

Keep some in a wallet, some in a zippered pocket, some in a shoe, and some behind in your luggage (in an unlikely place like your toiletry kit or even in a dirty sock).

That way if one stash goes missing, you haven’t lost everything.

Not only should you diversify where you carry your cash on your person, but if you’re traveling with a partner, share the load and diversify your cash between you.

Use a Money Belt (Or Hidden Pouches )

I’m not a huge fan of money belts, but I must say I’ve had a few that work better than others. In general, having a hot sweaty pouch next to my skin on travel days is uncomfortable and annoyi ng (which may at least partially explain why I vastly prefer not to use cash, ever).

That said, there are many different kinds of hidden pouches that can be worn in various places around the body.

Keep Some Cash In Sneaky Spots

Most opportunistic thieves won’t delve so far down as to sift through your dirty laundry to see if you have some cash stashed in there. Thus, it’s a pretty good hiding place.

Another popular hiding spot for women is an emptied out tampon tube. Keep it in your pack of tampons (back in its wrapper), and an opportunistic thief isn’t likely to sift through each tampon.

Carry A Decoy Wallet

If you’re particularly nervous for your safety or are in a location rife with pickpockets, you might want to use a decoy wallet, which has a bit of cash and a bunch of fake cards that you can afford to lose should you be required to part with your wallet.

Warning: you may not want to use expired credit cards for your decoy wallet though, since it is still sensitive information you don’t want to part with. 

There are a few tricks to using ATMs abroad; if you don’t employ them, you might not be able to access your money while you travel.

This came to my attention when a reader hadn’t anticipated the limited access to accounts that foreign ATMs provide, and found herself without money when she needed it. It was a perfect storm of simple complications.

Here are the lessons she learned (and a few more) about using ATMs abroad, which if you heed this advice, you won’t have to learn the hard way.

Don’t Forget That Account Information And Transactions Aren’t Available On Foreign ATMs

At home, you can use the ATM to see your account information, transfer money from one account to another (such as from savings to chequing), and perform other account administration tasks.

When using ATMs abroad, this isn’t usually possible. At best you can view your balance (but not always), and make withdrawals.

Know Which Accounts Are Which

Before you go away, know which of your account numbers are linked to “chequing”, “savings”, and “other” on your ATM card.

You can normally set this at your bank before you leave. (For example, I have my main account as “chequing”, and a line of credit as my “other” account).

Sometimes in a foreign country, you can’t see the labels on the accounts, or you might not understand the language. It’s best to know your account numbers and which are which.

Get Online Banking

Access to online banking can get you out of many a pickle on the road. You can transfer money between accounts, pay bills, create travel alerts, and monitor transactions. It’s also a security measure so you can keep an eye on your accounts to ensure there’s no fraudulent activity.

My reader who was stranded abroad hadn’t set up online banking before traveling, and thus had no way of accessing the money in her savings account, which wasn’t connected to her ATM card. She had to ask somebody at home to transfer the money from her savings to her chequing account so she could make a withdrawal.

Make Sure It’s A Chip Card

It’s now the norm for both debit and credit cards to have chips and PINs. Make sure your debit card is armed with a chip, otherwise you may not be able to use some ATMs abroad at all.

Switch To A 4-Digit PIN

Many ATMs and debit machines abroad only accept 4 digit PIN numbers, so if your bank uses 5 digit PINs, make sure you switch before you depart. You can do this at your home branch, and often at home ATMs too.

If All Else Fails, Pay Your Credit Card Off

I highly discourage readers from making cash advances with their credit cards, since interest is charged on the total balance from the date of withdrawal (whereas normal credit card charges have a grace period of about a month).

But sometimes, bank cards just won’t work, and you’ll have to use your credit card to get cash.

If this happens to you, you’d do well to pay off your entire credit card balance plus the amount you wish to withdraw before you visit the ATM . This will save you from being charged hefty interest. If you can’t do this, then as soon as you can after making the ATM withdrawal, go online and pay off your entire credit card balance.

Know Your Bank’s Phone Number

If you run into problems with your bank card abroad, have your bank’s phone number handy, and register for telephone banking before you leave. It’s an alternate way to sort out account issues if you don’t have online access for whatever reason.

Registering for telephone banking is easy; simply call the banking line with your ATM card handy, and follow the prompts to set up your account and special telephone banking PIN. Telephone banking is not just for automated banking either; depending on your bank, you may need to go through this system to get to an operator who can help you.  

When I was in Bali, I tried to make an ATM withdrawal at multiple ATMs without success. Luckily I had my bank’s phone number (and telephone banking PIN) on hand; when I called in, I learned that the system had flagged the ATM withdrawal as potentially fraudulent and had frozen my account. Once I confirmed that indeed it was me, they opened my account again and I could make a withdrawal right away.  

Check The ATM Network Logos On Your Card

On the back of your bank card is likely a series of logos, including (hopefully) at least one of Plus, Interac, Maestro, or Cirrus, which are the most common networks around the world.

You will only be able to use ATMs abroad that display one of these logos that matches your card.

Back Up Your Information

On my trusty USB stick , I have encrypted pictures of my bank card, records of the account number on the front of my card, and my bank’s phone number in case I lose the card or need assistance.

In the spirit of redundancy (which, when you travel, isn’t really something you can overdo), I also have encrypted copies of ID and bank cards etc in my 1Password account. I can seamlessly sync all this across devices – as well as to maintain super duper secure passwords!

When my purse was stolen in Peru, I was grateful for having my ATM card number written down elsewhere, because I needed it when I called my bank to report the theft.

Know Your Withdrawal Limits

Before you leave, know the daily and weekly withdrawal limits for your account (and set your preference accordingly).

When I was in Panama , I couldn’t understand why my ATM withdrawal requests were being declined; until I remembered that I had set a low withdrawal limit before I left to prevent undue thefts if my card got into the wrong hands.

Choose An Account With Low/No Withdrawal Fees

In Peru I was getting charged $5 for every cash withdrawal at a foreign ATM, and since credit cards aren’t widely accepted in Peru and cash is king, I was losing my shirt.

Then I went online and switched from a “value” (ie: no frills) account to a higher-echelon account that allowed unlimited free foreign ATM withdrawals. I need to maintain a certain balance to avoid the monthly charge, but it’s worthwhile.

Ask your bank about any special account-types they have that limit how much you’ll be paying abroad at ATMs.

Use Bank-Affiliated ATMs

Private ATMs in convenience stores or on street corners tend to charge extra commissions and service fees, and security can also be an issue. Instead, make sure you use ATMs that are affiliated with a bank, even if it’s not your bank.

Use ATMs During Banking Hours

If the ATM eats your card, it will be considerably easier to rectify if you can walk into the associated bank right away. Because of this, it’s ideal to not only use bank-affiliated ATMs, but ATMs that are actually inside or beside the bank itself.

Check For Skimmers

After watching this terrifying video of an ATM skimmer in Vienna, I’m vigilant not only about using ATMs that are affiliated with and ideally inside major banks with security personnel on site, but I also check the ATM itself for a skimmer machine. You can do this by jiggling the device that you insert your card into (if it falls off, it’s a fake), and make sure you cover your hand completely when you enter your PIN (some machines have cameras set up to record your ATM card number and catch you entering in your PIN).  

Chapter 3: Using Your Debit Card on the Road

Having a debit card means you can not only withdraw cash from ATMs around the world, but you can also pay directly for items with some vendors using direct debit.

But you’ve also got to navigate of ATM withdrawal fees (levied by both your bank and the ATM), hidden currency conversion charges, ATM accessibility options, and a myriad of security issues from having your card stolen and PIN swiped, to electronic and identity theft, to simply carrying too much cash and getting mugged.

In addition to all the ATM tips above, this chapter gives you some more info about using your debit card on the road – safely and without incurring undue fees.

Strategies to Use Your Debit Card Safely While Traveling

Limit Your Bank Account Balance

By limiting the amount of money you keep in your checking/savings account, there won’t be as much (or all) of your money there if someone steals your debit card and PIN number.

Only keep enough there to cover automatic payments (like bills or loan instalments) plus what you’d need to withdraw at an ATM one time. Keep the rest in a separate savings account not accessible through your ATM card, and do an online transfer when you need more.

Protect Your PIN Number

Stealing someone’s information isn’t always high tech.

Always be careful when entering your PIN number, whether at an ATM or at a store while making a direct debit payment. You never know when the person behind you in line – or even the cashier! – might be looking over your shoulder for your PIN.

All it takes is covering the entry pad with one hand while your other hand punches in your PIN. Easy!

Keep An Eye On Your Account

This is another reason why online banking is super handy for travelers.

If you keep an eye on your account, you’ll be able to catch fraudulent transactions sooner rather than later and alert your bank.

Fees to Be Aware of When Using Your Debit Card at an ATM

Your Home Bank’s Fees At The ATM

Your bank will probably charge you a fee each time you use a foreign ATM (unless you’re visiting a branch of your home bank).

As discussed earlier, you can often limit these fees by structuring your account to include free foreign ATM withdrawals. This may necessitate maintaining a minimum balance to eliminate monthly account fees.

Foreign ATM Fees

Many foreign ATMs charge an additional commission to use their machine. In most cases the ATM states the fee before you confirm the withdrawal.

You’ll stand the best chance of avoiding these fees by using major bank-affiliated ATMs.

Currency Conversion Fees At The ATM

Whenever you change money over from one currency to another, you’ll be incurring currency conversion fees, which are almost always hidden, and come off the top.

At an ATM, these are coming from your bank. You can find out what these fees are by reading the fine print in the terms and conditions of your bank account.

The good news is the bank is probably giving you a better deal than you can get at other places, but it’s still an additional fee to be aware of.

Fees When Paying For Purchases With Your Debit Card Directly

Instead of using an ATM, you could just pay with your debit card itself, but this might incur some of its own fees as well.

Withdrawal Fees

Depending on your bank and the type of account you have with them, they may or may not charge an additional fee when making purchases with your debit card while abroad.

This means you might be able to ask the vendor you’re purchasing from for additional cash back, and not have to pay the ATM withdrawal fees at all! Make sure you ask the vendor if they charge a fee though.

Currency Conversion Fees When Using Your Debit Card

Unfortunately there’s no avoiding this one. No matter what, when you change one currency into another, you’ll always have to pay someone something. Again, this fee will be charged by your bank, and will come off the top (and invisibly).

Personally, I prefer to charge everything I can to my credit card, since it provides me with records of my purchases, I get a decent conversion rate, there is a degree of theft protection, and (quite importantly) it’s a great tool for accumulating frequent flyer miles .

But credit cards are not always accepted, nor ideal, and there are a few pitfalls to beware of.

For example, cash advances should be avoided whenever possible, since interest is charged on your entire credit card balance from the day you withdraw the money (as opposed to regular charges, which afford you a grace period).

It’s also important to have the discipline and wherewithal to spend within your means, and pay off your credit card in full each month (something I manage online).

This is important, because if you don’t pay off your balance in full and on time you’ll be charged interest (not good), and ultimately it’s possible to work yourself into a financial pickle while traveling that could get ugly – especially if your credit card is your last resort.

As with so many financial matters, knowing the best option is mostly about knowing yourself.

Here’s a list of the pros and cons of using your credit card on the road.

Pros To Using Your Credit Card While Traveling

• You’ll have a detailed record of what you spent your money on.
• Currency conversion rates vary by card, but you usually find reasonable rates on credit cards.
• If your card is lost or stolen, you usually aren’t liable for the fraudulent purchases.
• You often get some travel insurance automatically for things like flight purchases and car rentals. (will link to insurance guide)
• Racking up frequent flyer miles is one of the most important secrets to my ability to fly in business class for less than the price of economy tickets .

Cons To Using Your Credit Card Abroad

Or at least things to be aware of…

• If you use your credit card at an ATM for a cash advance, be aware that interest is charged from the date you withdrew it. (You can void this by pre-paying your entire credit card balance plus your withdrawal amount before you make the withdrawal).
• While some credit cards have great currency conversion surcharges (and some even have no surcharges!), some are obscene. Make sure you do your research when you pick the card you want to travel with.
• Sometimes stores or merchants charge extra if you want to pay with a credit card, even as much as 10%.
• Don’t let your card out of your sight, and always get a receipt. In some less-than-reputable areas, merchants have been known to “double-swipe” your card or write down your card number for later.
• Sometimes merchants will offer to charge you in your home currency, but it’s not usually a good deal. A lot of times, they’re using higher conversion rates, and sometimes your bank will still charge you the foreign transaction fee (if applicable).
• Don’t use your credit card at a payphone for long-distance calls! I learned this one the hard way, trust me .

Alert Your Credit Card Company to Your Travels

It’s important to let your credit card company or bank know ahead of time that you’re going to be traveling. Many credit card companies allow you to do this online; if not, just give them a call.

If you don’t give them a heads up, and they start seeing purchases from abroad, they might freeze your card. It’s a security thing, to protect you in case someone stole your information; if this happens it can be rectified with a phone call, but can be frustrating when your card is declined.

Giving them a heads up with your itinerary before you leave will save you a lot of hassle later on. But beware: it’s not failsafe! Even with a travel alert on your account, your card may be frozen. This is why it’s good to have more than one way to pay for things (more on this later).

Don’t Have A Credit Card Yet? Apply Before You Travel

Before you quit your job to travel full-time or start your new location independent business, there’s one very important thing you should do:

Apply for any credit cards you’ll need for the road while your income is steady and stable!

A great travel strategy to ultimately subsidize your travels is to accumulate massive amounts of frequent flyer miles by strategically applying for credit cards, both before you start traveling as well as while you’re on the road.

But if your income has dropped significantly (or disappeared entirely) since you started traveling, most credit card companies aren’t going to beat a path to your door to offer you new cards.

In fact, you may find (as I did, a few years ago) that they will flat out decline you.

Career Changes and Income Drops

I was earning six figures when I decided to sell my financial planning practice to travel full-time. I also had a stellar credit rating all my life, so getting credit of any sort was always a walk in the park.

Fast forward a few years: I was up to my eyeballs in my freelance writing and travel blogging career . I wasn’t making a ton of money at it.

But it was also not a full-time endeavour, as I also volunteered in trade for my accommodation so my earnings didn’t have to be high. (Have a peek for yourself at what financially-sustainable travel can look like: here are my detailed annual income and expense reports over the years)

Self-Employed Net Income

Regardless of my ability to balance the books while traveling full-time (and even continue to save some money), my income had dropped significantly since my financial planning days.

Not only that, but because of the spectacular tax deductions I could make use of by virtue of my entire lifestyle being career-related(!) for tax purposes, my net income was practically non-existent. (See also: Filing Taxes as a Digital Nomad – Everything You Need to Know )

While this is a boon for any taxpayer, it’s not good for demonstrating income as far as the credit card companies are concerned.

So when I applied for a frequent flyer mile credit card carrying a hefty bonus, I was declined.

Declined? Fight It

If you are declined for a credit card, conventional wisdom says you can call the credit card company and ask them to reconsider their decision, often with positive results.

In my case I wasn’t successful, but I’ll also admit I probably didn’t try hard enough.

Why didn’t I try? Because I already had two lovely hand-picked reward miles credit cards that I had applied for before I sold my business and started traveling full-time ; I didn’t need the card I applied for – I simply wanted it for the frequent flyer mile bonus.

Give It Time

Even if you’ve been declined, nothing is forever. If I were to apply for a credit card now (a few years after the experience I described above), I’m pretty sure I would be accepted. I have a better demonstration of income, and I continue to maintain an excellent credit rating.

Renewing Credit Cards While Traveling

How do you receive renewal credit cards when you’re traveling? Will the credit card company even honour a renewal if they know you’re abroad?

Good news: I – and many other travelers – have renewed multiple credit cards while traveling, without issue. Here are a few tips:

Check Your Renewal Date Prior to Leaving / When You’re Back for a Visit

If your credit card is close to its renewal date while you’re still in town, call your credit card company. If it’s in a certain window (often 60-90 days) before renewal, they can often manually start the renewal process early so that you can receive your new card with a fresh expiry date before you leave.

If you’re just outside that window but don’t want to bother with getting a renewal credit card while traveling, they might be able to issue you a new card right away. The downside is that it will come with a new credit card number, so any automatic payments you charge to the card will need to be amended.

Option 1: While Traveling, See if They Can Send Your Renewal Card to You

If you’re already traveling, call your credit card company two to three months prior to renewal and advise them that you’re going to be abroad when the card renews. Ask them to send the new card to your address abroad (if you have an address that can easily receive international mail, that is). Sometimes they will, sometimes not.

Caution: once you receive your renewal card, contact the credit card company again and ensure that the address they sent the card to is deleted from their records (assuming you won’t be staying there for years). I once had a renewal card sent to Australia, no problemo. At the following renewal however, no card came to my (original) Canada address. When I called to inquire, they had sent it to Australia as well! (Unbeknownst to me, they had changed my address on file to the Australian address).

Option 2: Have the Card Sent to Your “Home” Address and Forwarded

Since the Australia debacle, I tend to use this option; I simply wait for my renewal credit card to be automatically sent to my “home” address in Canada ( thanks, Mum! ). She then forwards it to me wherever I am. If you don’t have a willing friend or family member to act as your “home” address, a Virtual Mailing Service will do the same.

How to Avoid Credit Card Cancellation

Did you know that your credit card company can cancel your card for any number of reasons, without notifying you? And if they don’t have a reason they have a clause for that too!

Don’t get caught on the road needing to use your credit card on the road and finding out – the hard way – that it has been cancelled out from under you. Trust me – it happened to me.

Credit cards need to be managed actively, from calling in and providing travel alerts so your card isn’t frozen on the fly when you use it in a foreign country, to watching transactions closely to fend off fraudulent activity, to using it regularly to avoid cancellation for non-use.

The most common reason for your company to cancel your credit card is non-use.

It’s also really easy to avoid:

Make sure you charge something to your card every few months, and then pay it off in full at the end of every month.

This is really important if you have a credit card reserved for emergencies that doesn’t regularly get used.

Thankfully, this can be totally automated! If you have a regular payment like a subscription service, put it on that card, and then set up auto-payment in full. You can usually do this through your online banking platform for the card.

Chapter 5: How Many Debit and Credit Cards to Carry While Traveling

Juggling debit and credit cards on the road can be tricky business.

One reader wrote in:

“I’m planning a RTW trip and am having trouble wrapping my head around how to manage finances while traveling. I’ve read several blogs on this but still have two questions: 1) Is it best to carry a minimum of two cards (eg a debit and a credit or two debits etc) from different financial institutions to abate risk? 2) Is it best to keep multiple cards separate at all times? Like one on you and one in your luggage? Or does it make more sense to keep them together at different times?”

How Many Debit and Credit Cards?

I prefer to carry multiple cards to abate risk, as you say. I always have (at least) two credit cards from different banks, and one debit card. This has been handy, as I’ve frequently had minor mishaps with either one of my credit cards, and needed the second card as a backup.

Although some travelers believe in carrying multiple debit cards, I don’t bother, largely because I do most of my banking online, and I limit financial risk by keeping my bank account balance at a minimum.

Credit Card Brand Diversification

Not only do I ensure that each of my credit cards has been issued by different banks, but I also diversify my credit cards by brand; for example, Mastercard, Visa, Amex.

e not widely accepted around the world, so it’s important to have at least one Mastercard or Visa – which are the two most widely accepted credit card brands.  Ironically, Amex tends to offer the best rewards cards for frequent flyer mile and rewards points collectors – but unfortunately it’s the least accepted card.

How/Where to Carry Them

The best way to carry any duplicate valuables is to separate them in case you’re bereaved of something; for example, I carry my external hard drive and laptop in separate bags, I carry cash in different places on my person and in my bags, and when I’m on the move I keep one of my credit cards stashed in my under-clothes pouch containing my trusty USB stick .

I’m pretty vigilant with this when I’m actively on the move and my bags are packed; but once I stay somewhere long enough to unpack, I tend to carry everything I need for the day in a purse or wallet.

I will admit however, that complacency bit me in the butt when I had my purse stolen in Cusco – with everything in it.

Luckily for me, I have backups of backups of backups of everything, so even losing my wallet with everything in it wasn’t catastrophic.

It’s almost impossible to hedge against all risks at all times. Generally, a nice balance of prudence and faith is the best we can do.

Chapter 6: Prepaid Travel Cards – An Alternative to Debit or Credit Cards While You Travel

Is your credit so bad that you don’t qualify for a credit card?

And/or, are you concerned about the security of having just a debit card with you, giving potential perpetrators access to all the cash in your bank account?

Or perhaps you’re worried about being subject to currency fluctuations while you’re traveling.

Prepaid travel cards present a solution to managing your money on the road if you don’t have a credit card, want fixed conversion rates, and are concerned about the security of your credit or debit card.

What are Prepaid Travel Cards?

Although they may act and look like credit cards (and many prepaid travel cards are issued by credit card companies themselves), they work on debit, not credit.

You load the card with money, then you can use it around the world at ATMs, debit machines, and anywhere you can use a credit card.

Thus your potential loss if you run into trouble (theft, etc) is never more than the value of the card.

These can be considered even more secure than using a debit or credit card because in addition to being protected by a PIN number, your prepaid travel card is not connected to your bank account in any way.

They can also be a handy way to budget. You plan your budget for a trip, load that exact amount onto the card, and you can’t spend any more than that.

Beware however: prepaid travel cards can come at a cost, with hefty fees for transactions, currency conversion, and more. I highly recommend reading the fine print for any prepaid travel card you are considering, and taking whatever measures necessary to reduce your exposure to those fees. 

If you are interested in prepaid travel cards, a simple search (for “prepaid travel cards + [your country]”) will reveal your options. Make sure you read the fine print to ensure it will suit your travel needs.

Chapter 7: The Skinny on Travelers Cheques in the Twenty-First Century

Although travelers cheques used to be the most common option for traveling with currency and getting the best exchange rates with the lowest fees, they no longer are.

In fact, using travelers cheques can be a big mistake.

Even when I lived and worked at a hostel in Hawaii back in 2008, we accepted travelers cheques the (very) few times they were offered, but begrudgingly so, as they entailed more work than reward.

What are Travelers Cheques?

Travelers Cheques are pre-printed, fixed amount checks that people used to commonly use instead of cash while they traveled.

They were sold by banks to customers to use at a later time. The customer would immediately sign them as soon as they got them. Later, when paying with them, they would sign again and could use them as currency if the signatures matched.

They also came with receipts and documentation so that they could be replaced if they were lost or stolen.

The Decline of Travelers Cheques

According to Wiki , travelers cheques have been going steadily out of favour since the 1990s, with alternatives like credit cards, debit cards, and ATMs becoming more common, convenient, and cost-effective.

They also pose security risks for retailers, who would rather fork out commissions to accept credit cards instead.

Nowadays, travelers cheques are difficult to cash, even at banks.

One reader emailed me once about her experience taking travelers cheques to Europe:

“I unfortunately traveled with travelers cheques from American Express in Euros. You’d think Euros were Euros but they are not. Have not been able to cash them despite going to 12 banks. And there is no Amex office…”

Security Issues with Travelers Cheques

Travelers cheques aren’t even all that secure for travelers either.

Originally, the attractive thing about them was being able to replace them if they were lost or stolen. This led to a black market where they were sold by scammers for half the amount, and then reported stolen.

This, of course, contributed to the decline of travelers cheques and a lot of businesses stopped accepting them.

The problem for travelers whose checks were actually stolen, was that the process of getting them replaced is ridiculously complicated, and a lot of people aren’t able to even get them replaced at all! (which is of course why they got them in the first place).

At one point in time, they were a viable alternative to carrying large amounts of cash.

But these days, your cash is best left in your bank account (or travel savings account), and accessed when you need it via credit card or debit card.

So that’s my ultimate guide to the best ways to travel with money.

What’s been your experience with any of these strategies? Do you have any other methods you use?

Let me know by leaving a comment below!

SEE ALSO: How to Drastically Cut Your Expenses so You Can Save Money to Travel

22 thoughts on “The Ultimate Guide To Traveling with Money”

This is a long one, a lot of good advice! Thanks!

Hey Rob, I hope you like the long format guide! I’m creating a few massive guides in the next few months that will clean up a plethora of smaller older posts on my site, and make the info that most people are asking for infinitely more accessible. 🙂

I like the new long format and I think it will be better for your readers though I wonder a couple of things. First, I am curious to know whether it will be better or worse for the business side of your blog (traffic, ranking, etc.). Second, I wonder if readers really will value it or not. Just because I do doesn’t mean I am typical. I have a few really long guides on my site and while they get traffic I always wonder how many people actually read them all. I suspect quite a lot maybe bookmark them for later reading, which never happens. Or they maybe start reading and get distracted and then never bother to finish.

Hi Jeff, Great concerns! Apparently prudent SEO practice now entails the publication of much longer articles. So putting together these long guides serves to help me clean up dozens of older posts (that don’t generally get much traffic), provide updated information, AND hopefully score some extra bonus points with Google.

As for the reading of long-form guides, I do agree with you in that at times I lose patience in dedicating myself to reading a full guide. But with the chapter breakdown at the beginning (which I have on my posts, and which many people who publish guides like these use), it’s easy enough to navigate to the parts I really want to read.

Thanks for the reply and good luck with the new approach. I know you don’t post much about the art of blogging, but after you have had sufficient time applying this new long format to other topics and can judge the impact it might be interesting to post a summary of how it turns out.

Yep! You’re absolutely right, Nora. Google now favours longer content. One of my clients is now asking me to write content that’s three times the length he used to want. Google says jump and everyone seems to ask how high.

Great article, by the way. I recently opened a Transferwise Borderless account because it appears to make things a lot cheaper with currency conversions. Every time you add a currency you get an account in a country that uses it. Then you just transfer between accounts. So far, I’m impressed, but I haven’t had it long enough to evaluate all the pros and cons.

Good deal on da wallet Nora. I always use credit in developed nations. But in cash-only, 3rd world nations, I do not flash da cash LOL. All about discretion. I rarely carry much cash on me either. I just eat ATM fees and travel light.

Ryan! Does your bank have a plan that allows you to have foreign ATM fees covered or reduced? That’s how I manage to avoid paying ridiculous withdrawal fees in cash-necessary countries.

Good information here. I first used a foreign ATM in 1995 in Paris. Now I rarely carry much cash for international travel. Instead I rely on credit cards for purchases, and ATM’s to replenish cash when necessary. The exchange rates for the cards has been much better than bank rates. You did not mention that anymore, ATM’s often offer the option of a fixed exchange rate at the time of transaction vs. the exchange rate your bank will give you. The optional fixed rates at the ATM’s I used last summer in Portugal charged 5 to 7 US cents more per Euro.

By “bank rates,” in the part reading ” The exchange rates for the cards has been much better than bank rates,” I was referring to the rate one gets changing a piece of currency at a bank, not the inter-bank rates typically used for credit or ATM transactions in my experience.

Hey Gary, I’m glad you clarified about the “bank rates”, because in my experience, inter-bank rates (the rate you get when withdrawing cash at an ATM with your debit card) are the lowest rates.

I’ve never had an option to pay an optional fixed currency conversion rate at an ATM….personally I’d be leery. PayPal and many credit card issuers do the same thing: you can pay a fixed (hidden) exchange rate and then the item is charge in your home currency, or you can pay whatever exchange rate is prevailing on the day the credit card posts the charge. In my experience charging in your home currency is not a good deal; they’re skimming extra in offering to convert for you!

And for the record, I do mention in the section called “Cons to Using Your Credit Card Abroad” that it’s generally a bad idea to allow the vendor to do the conversion for you and charge in your home currency.

I have seen the fixed rate offered at ATM’s in Portugal, Ireland and Mexico within the past 2 years. Those rates all turned out to be about 5% more expensive than the prevailing rate when the transaction was posted to my credit union account.

Wow – that’s fascinating! (And upsetting – ha ha) Between some ATMs charging extra commissions (Thailand is the worst I’ve encountered at almost $10 – and they ALL charge it), to now offering fixed exchange rates (at a premium), they’re certainly making sure they “get their piece of the pie”!

Thanks Nora. We have just started a 12 month sabbatical. I travelled for many years in the 1980s with cash and travellers cheques. Our first stop has been Bali. It did not take long to see how the fees added up at the ATMs using debit cards. I figured A$5 to use the ATM to get 1,000,000 Rps (A$100) plus the currency conversion fee it ended up being 7-8% per transaction. Fortunately the 28 Degree Credit Card has provided relief from this as has cash (but there’s only so much of that one can carry). The other thing I do is only keep small amounts on my debit cards e.g. A$1000. Every week I top up the debit card account from an online account that do not have a card for. This is working well for me. Thanks for an informative post for a traveller back on the road after 25 years. Mitch

Hey Mitch, Great strategy in limiting your debit card balance! But beware of changing money in Bali – Bali is renowned for their currency exchange scams. Kuta in particular was a complete horror show for me (which of course made a funny – and cautionary – tale): https://www.theprofessionalhobo.com/visiting-kuta-bali/

Nora you did it again. What a thorough guide! ?

Thank you, Dane!

A couple of notes here. I am a US ex-pat living in Hungary. Still, one of my credit cards does not have a chip in it. For those cards that do, most places around Europe no longer need you to sign a receipt when using a chip encoded credit card. In Hungary, you still do for now.

I have called my credit card companies about over-paying on my card in order to have an opportunity for a cash advance if needed. I was informed that even with a credit on the card, I would still be charged the same interest rate as any other cash advance. To solve this, I got a Charles Swab account. They reimburse all ATM fees at the end of each month.

Also, as an ex-pat, I had problems getting a pre-paid credit card even with superior credit ratings. Not living in the US or Canada sometimes has its drawbacks.

Hi Ryan, Thanks for the intel! There are a variety of countries (especially in Asia) that still require a signature even when they use the chip reader. I find it funny, since it usually means signing a receipt that says “no signature required”!

I don’t understand how you could possibly be charged interest on a non-existent credit card balance however…..assuming you have a $0 balance plus you overpay the amount you want to withdraw, the only charge I could imagine being possible is the withdrawal fee. Which, thankfully, you’ve now managed to sort out with your Charles Schwab account. yay!

And don’t feel too bad about the pre-paid travel card. They’re not typically that great a deal anyway 😉

Hi Nora – thanks for such an informative post. I keep coming back to your site again and again as my travel plans advance. This time it was to find the Soctiabank Passport Visa link so that I could apply and you’d get some credit/payment for it. 🙂

Thank you so much Sherry! I’m thrilled that you use my site and content as a resource to come back to. And even more thrilled that you got the Scotiabank Passport Visa! (Thank you so much for using my link). I hope you love it as much as I do! 🙂

Most of the people around me think that flashy hotels and expensive flights are the only way to travel and yet I use to holiday all the time and get comments like “I robbed a bank” or something. Thanks so much for sharing this, a couple of things I can look into to help me even further

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How To Keep Your Money Safe While Traveling

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Table of Contents

What to do before you go

What to do while you're abroad, what to do if theft happens to you.

An overseas adventure can be a lot of fun, but there are potential hazards that travelers should take into account when planning trips.

Beyond physical safety, your financial security can easily be jeopardized by scammers and thieves if you aren’t careful. Here are some tips and tricks for how to keep your money safe while traveling abroad.

1. Figure out the best plastic to pack

Familiarize yourself with your credit cards' travel-related perks and benefits. Some cards, for example, offer rental car insurance, trip cancellation insurance, lost luggage reimbursement, travel accident insurance and more. It's even better if your card is on a network with wide international acceptance (Visa or Mastercard), and if it doesn't charge foreign transaction fees.

You should also bring a debit card, in case you need to access cash. But check to see whether yours will reimburse you for ATM fees.

» Learn more: Credit card tips to take with you overseas

2. Order some currency for the country you're visiting

Speaking of cash, getting some in advance of your trip is a good idea. Not only will the exchange rate likely be better upfront, but it also will mean fewer visits to ATMs and other places where your debit or credit cards may be compromised — and therefore less risk of falling victim to scammers. Just be sure to keep your physical wallet secure, and consider carrying cash and credit cards separately so that you still have a method of payment in case you’re pickpocketed.

3. Buy a tamper-proof, RFID-blocking wallet

And speaking of pickpockets, many are experts at finagling physical wallets away from unsuspecting travelers, but these days they can also steal digital credit card information via radio-frequency identification skimmers. Protect against both kinds of theft with an RFID-blocking travel wallet that can be tucked into your waistband or under your shirt to ward off sticky fingers.

4. Inform your bank/card issuer of your itinerary

If your bank/issuer doesn’t know that you’re traveling outside the country, it may freeze your account and apply a fraud alert when it sees foreign transactions. By letting your bank/issuer know your travel plans, you ensure you'll be able to use your card freely. And you can still be alerted if your card information is used outside of your planned destination.

5. Set up account alerts you can easily access

You might not have cell service when traveling overseas, but a Wi-Fi connection will allow you to receive emails or push notifications from your bank/issuer about account activity. They can help you know if your card or account has been compromised.

» Learn more: 10 ways to minimize mix-ups on your first trip abroad

6. Photocopy necessary documents, write down bank contact info

If your physical wallet is stolen, you’ll want to have backup copies of your passport and have access to bank contact information so that you can cancel any compromised cards.

7. Think about getting travel insurance

If you're not already covered by your primary health insurance or your credit card's insurance-related perks, you might want to consider travel insurance. The right policy can protect you from the financial loss of misplaced luggage, travel delays, medical emergencies and more.

1. Be vigilant about pickpockets

Crowded places are a thief's playground. Be wary of where you keep your wallet, and watch out for people who bump into you, as they may be trying to swipe it. Better yet, avoid carrying your wallet at all if you can.

2. Use your hotel room's safe

Ideally, your hotel room will have a safe in which to store important documents (like your passport), as well as some extra cash and a spare credit card — or some payment form that you don’t have to carry on your person while exploring your destination. If your hotel lacks this option, a lockable suitcase could work, although a locked bag is much easier to carry out of a hotel room than a safe is. Or, ask if your hotel has a safe in the office and allows guests to store items there.

3. Look out for malicious technology, like skimmers

If an ATM or merchant point-of-sale device looks sketchy, you may want to avoid using it. A credit card skimmer, a device that thieves can attach to point-of-sale terminals, can quickly copy your credit card’s information, which can then be sold to others or used to make fraudulent purchases. The devices often are hard to spot because they look like regular magnetic stripe swipers.

» Learn more: How to prevent credit card fraud

4. Be aware of common scams at your destination

Unscrupulous taxi drivers with "broken meters," “friendly” locals who want to show you how to use ATMs, and elaborate ploys performed by street vendors and beggars can trick you out of your money. Research common problems before you go, as scams like these can happen the moment you leave the airport.

5. Be careful about which Wi-Fi networks you use

Entering bank usernames and passwords on your laptop or smartphone while on a public Wi-Fi network can leave you susceptible to fraud and theft. Only use private, secure Wi-Fi networks to check banking or credit card information while abroad.

1. Report card theft to your bank or issuer

If you've lost a wad of cash, you're probably out of luck. But if your debit or credit card has been compromised, your bank/issuer should be able to cancel the card, ideally before the thief does too much damage. Remember that fraud protections for credit cards are generally more robust than they are for debit cards. (With the latter, it's your own money at risk, not the bank's.)

2. Report illegal behavior to local authorities

A police report is often necessary if you later file for identity theft relief or have to dispute false information on your credit report. The local police can also benefit from having information about criminals in the area.

3. Use your backup credit card and/or cash

Ideally, you’ve kept a spare credit card or cash squirreled away from the rest of your wallet. If so, it can help tide you over for the remainder of the trip, or at least until you can receive a new card or get to a bank to withdraw more funds.

4. Keep tabs on your credit report

Even after you’ve closed your compromised credit cards, you’ll want to make sure scammers haven’t somehow managed to open anything new in your name and that you don't have unpaid fraudulent charges racking up interest and late payment fees. If you see something that looks odd on your report, be sure to dispute it with the major credit bureaus. You'll also want to ensure that you've updated any autopay accounts that require a new card number, so that you don't miss an important recurring payment.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

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The Ultimate Guide To Managing Money While Traveling

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If you’re traveling internationally, there are many things to consider when it comes to dealing with money in a foreign country.  

You’ll be using debit cards to take out cash from ATMs and make payments, credit cards to rent cars and earn points, and cash for basically everything else in destinations that haven’t caught up to the 21st Century.  

You need to be prepared with the right debit card, a good credit card, and the best strategies to getting cash or else you’ll be wasting money on fees you don’t need to pay.  

In addition, you’ll need to know the best ways to avoid overspending, transfer money internationally, protect your money, and what to do if something happens to it. 

On this page, I will outline everything you need to know about managing your money when you travel so that you are well-prepared and you know exactly what to expect! 

1. Get the right debit card

Debit cards are an absolute necessity when traveling (and for everyday life, for that matter).  They are needed to access your money, make payments, and take out cash from ATMs. 

Pretty much everyone has a debit card, but not everyone has a good debit card for traveling.  Some might charge you high fees to use them whereas others might not even be compatible with foreign ATMs or allow you to make payments in the first place.

Having the right debit card for traveling is extremely important as it can mean the difference between having a stressful experience trying to figure out how you can pay for things in cash because your card doesn’t work in your destination and blowing your budget because you didn’t account for hidden fees vs being able to pay for things easily both online as well as in person while also saving hundreds or even thousands of dollars a year on fees that you don’t need to pay.

Some of the things you should look for in a debit card for traveling include a chip & 4-digit number PIN, contactless payments, Visa or Mastercard integration, and low or no foreign transaction fees, foreign conversion fees, and foreign ATM withdrawal fees.  

If your current bank offers a card like this for you, then great! But most banks don’t so you might have to look for a different one.  

I wrote a whole guide on the best debit cards you can get for traveling, including which banks offer them, which you can find here: Guide to the Best Debit Cards for Traveling .

2. Get a good credit card

While you can still travel without a credit card, not having one means you miss out on being able to rent cars, book certain hotels, and have even more options for payment.  

Having a good credit card can also provide you with benefits that can save you even more money on your travels. There are lots of different credit cards out there so you need to make sure you get a good one to maximize your opportunities and potential savings.

Similar to the debit card, using the wrong credit card can mean spending hundreds or even thousands of dollars a year on extra fees that you don’t need to pay.  

You should try to get one with a chip & 4-digit number PIN, contactless payments, and low or no annual fees, foreign transaction fees, foreign conversion fees, and foreign ATM withdrawal fees.  

However, those are only the basic requirements for a good credit card for traveling.

The best credit cards for traveling also include rewards and perks such as travel points, access to airport lounges, free upgrades, car rental insurance coverage, and travel insurance coverage.  

Finding the best credit card for you depends on where you live, your personal spending habits, and the types of rewards and perks you are most interested in.

I wrote a whole guide on the best credit cards you can get for traveling, including how to get them, which you can find here: Guide to the Best Credit Cards for Traveling .

3. Don't get your cards blocked

Some banks and credit card providers require you to inform them when you will be traveling abroad so that they know that any foreign transactions that appear were actually made by you and weren’t as a result of fraud.  

Find out if yours requires this because if you don’t do this, your cards might get blocked which can be super annoying to deal with when you’re halfway across the world! 

And sometimes, even if you did inform them ahead of time, your cards will still get blocked because their internal fraud detection systems are too trigger-happy (some banks and credit card companies just love to watch the world burn).  

If you forgot to inform them that you will be traveling or you did, but your cards still got blocked anyways, you’ll have to give them a call to unblock them.  Making a long-distance international call where you will probably be kept on hold for several minutes can get really expensive, especially if you are roaming. 

Having a travel-ready phone and getting a local prepaid SIM card can save you some money, but the best thing you can do is to actually download an app called TextNow which gives you a Canadian or US phone number that you can use to make and receive calls and texts to and from any other Canadian or US phone number for free over the internet.  

TextNow also lets you make calls to other countries at super cheap rates, including free calls to Brazil, France, Germany, Italy, Mexico, Portugal, South Korea, Spain, Sweden, and the United Kingdom.  

You can make calls using your smartphone, but also your computer: you just need a wifi or data connection, a TextNow number, and credits if you’re making a call to a country which is not free.

4. Know how to get cash

At the end of the day, cash is king.  Even if you have the right debit card and the best credit card, there are still many countries and destinations in the world where you won’t be able to get by without cash.  

And even if you are traveling to an almost cashless society like Sweden where many stores don’t even accept cash and only 20% of all in-store transactions are actually made in cash, you will probably still need to use cash at least once or twice on your trip in one form or another.

Therefore it’s very important to know how to get cash when you’re abroad, especially when the place you’re going to uses a different currency.  There are a few different ways you can do it, but some ways are better than others and you need to know the tricks to avoid paying extra fees that you really don’t need to pay for.

A lot of people think that exchanging cash at foreign exchange offices, whether at home or abroad, is the best or even only way to get cash, but it is actually one of the worst ways.  The actual best strategy is to wait until you are in your destination and take out cash using local ATMs.  

I tell you why and also give you other tips in my Guide to Getting Cash While Traveling .

5. Bring some US Dollars if you can

Some countries around the world operate using US Dollars, even if it’s not their official currency.  

For example, many countries in Southeast Asia that have Visas on Arrival for tourists require that you pay for them in cash using US Dollars or their own currency.  Since you can’t enter the country to access an ATM to get cash in their own currency, you will have to be prepared ahead of time with US Dollars.

In addition, many of them will not accept US Dollar bills that are too old or that have any rips or tears.  This could mean being stranded at the border if your bills aren’t in pristine condition. 

Do your research ahead of time to know what to expect and even if you’re not going to such a country, it’s still always a good idea to have some backup cash in US Dollars with you anyways as it may come in handy in case of emergencies.  The US Dollar is the most widely accepted currency around the world so it’s a good one to have.

6. Stay safe and be prepared

A lot of things can go wrong when you’re abroad if you’re not prepared.  Here are a few tips to help you stay safe with your money while traveling:

Take care of your money

Avoid taking out and carrying too much cash with you at any one time.  Keep a small amount in your wallet to cover what you need while you’re out, but keep the rest of it hidden somewhere in your luggage, ideally separated and spread out in different, hard-to-access pockets.  

Whenever possible, lock up your valuables when you don’t need them, such as in a hotel safe or hostel locker.

Consider investing in travel accessories designed to prevent pickpockets such as a money belt and be aware of your surroundings when you’re out.  Never leave your bags unattended and wrap the straps around your arm or leg when sitting somewhere. Avoid sketchy areas and try not to stand out too much in public.

If your mobile banking app has this feature, freeze your card whenever you’re not using it.  This will ensure that it cannot be used to make any fraudulent transactions at any time.  This only works if you have a consistent internet connection to be able to freeze and unfreeze it whenever you want.  

A  Travel-Ready Phone  and  Prepaid SIM Card  will let you do this.  In addition, you should also set up the instant push notifications on the app so that you receive one every time your card is used.  This way, you will notice immediately if any unauthorized transaction is made with the card.

Watch out for card scams

Take care and watch out for card skimmers when using your debit or credit card.  Card skimmers are what more sophisticated thieves use to copy and steal your card information.  It involves placing a recording device over the card slot of an ATM or payment terminal that looks identical to the original card slot, but that copies and saves your card information when you slide it through.  

They usually also have a camera pointing at the keypad or a sensor over it to record your PIN as well.  So before you use any card machine or ATM, give the card slot a tug, feel the keypad to make sure there isn’t a fake one placed over it or that there aren’t any sensors on it, and check for any small, hidden cameras that are facing down towards it.

Another thing to look out for is a scam called the Lebanese Loop which is when a small film is placed inside the card slot which traps your card in it.  If your card gets stuck in an ATM, feel along the card slot to see if there is anything sticking out and watch out for “friendly” people nearby who try to “help” you as they are most often the scammers that put the film there and who will look at your PIN when you try to put it in.

Once you give up and walk away, thinking that the ATM ate your card, they will pull out the film with your card in it and then run away with it.  If you can’t seem to find the film by running your finger along the card slot and someone comes along to “help” you, ask them to go get the staff from the bank instead of entering your PIN in the machine in front of them.  And if you must walk away from the ATM, block your card immediately.

And even if it seems safe, always cover your hand when entering your PIN because you never know.  Also, never let your cards leave your sight such as when paying at a restaurant as it can take as little as one second for someone to snap a photo of your card, letting them use it to make fraudulent online purchases.

Have emergency backups

You should also be traveling with more than one debit and credit card anyways in case something happens to your main ones because it will be very stressful for you if you don’t have other ways to get money while you’re abroad.  

To be most prepared, you should have at least 2 different debit cards and 2 different credit cards with you: your main ones and your emergency ones.  Make sure to keep the emergency cards separate and hidden somewhere in your luggage and to note down all your card information somewhere safe so if something happens to any of them, it’s easier to get your money back later.

If you’re traveling as a couple and you have a joint bank account, then take a card each with you on the trip (and keep the second one safe).  That way, if something happens to one of them, you will still be able to access your money with the other one.

In addition, you should also consider storing some money in a different format such as PayPal .  Open up a free PayPal account if you don’t have one already and add a couple hundred dollars to it just in case.

Be careful with wifi

Be wary of free public wifi networks and avoid logging in to your bank account when connected to one.  The best thing you can do is have a Travel-Ready Phone with a Prepaid SIM Card that has data which you can use to create a hotspot if you want to connect to the internet with your laptop.  

However, if wifi is your only option, then you should consider getting a VPN for your phone and computer.  A VPN will disguise your identity when connected to a public wifi network, making it much harder for hackers to access your information.  

Most VPN providers offer both mobile and desktop versions, but I recommend using NordVPN .  I use them myself and they do a great job.

If you’re looking for more travel safety tips, be sure to check out my Guide to Staying Safe While Traveling .

7. Know what to do in case of loss, theft, or fraud

Everyone at some point in their lives is going to have to deal with losing or getting their cash, cards, or money stolen.  

Even if you’re the type of person that never loses anything and you’re impossible to pickpocket thanks to all the high-security travel accessories you invested in, you simply never know when an ATM will get hungry and decide to eat up your card or you walk into the wrong neighbourhood and bump into the wrong people.

No matter how it happens, you need to know what to do in case your cash, cards, or money goes missing or gets stolen.  Here is a step-by-step guide:

If you can’t find your cash, you may have simply misplaced it.  Check every possible pocket you may have put it in and if necessary, go back to the last few places you were in to see if they’re there.

And if it’s your card that’s missing, remember that you most likely will be able to get your money back from the bank/credit card provider if it gets used to make any unauthorized transactions.

If your cash was stolen, especially if you were mugged, you should file a police report with the local authorities.  You probably won’t be able to get your money back, but at least the police will be aware of it. And some Travel Insurance policies might even be able to reimburse you for a small amount of that cash if you have a police report.

If your card was stolen, you lost it, or you notice that unauthorized transactions were made using it, you’ll have to take a few more steps:

If your mobile banking app allows you to freeze it instantly, go ahead and do that, but you will still need to contact your bank/credit card provider to cancel the card anyways since it has now been compromised.  Use the TextNow app to avoid spending a lot of money on roaming charges.

Every bank/credit card provider will have a different procedure for this and you will most likely be informed of it when you call to cancel your card anyways, but it usually involves some paperwork you have to complete.

• File a police report.  Part of the paperwork involved typically includes filing a police report with the local authorities about the unauthorized transactions.  Find the nearest police station and get a copy of the filed report so you can send it to your bank/credit card provider.

If your trip is almost over and you will be back home before the card would arrive anyways, then just have it sent home and use other forms of payment for the rest of the trip.

If there is still lots of time left on your trip, then have them send the new card to a destination that you will be going to later.  Find out the estimated delivery time, add an extra week to it just in case there are delays or something, and figure out where you will be then. 

Ask the accommodation you will be staying in if they can accept mail on your behalf and hold it for you until you arrive (most will say yes). Give their address to the bank/credit card provider and have the new card sent there.

If the bank/credit card provider is only able to send it to the registered address on your account, then have a friend or family member who has access to that address pick it up and mail it to you using the same process I just described. 

Some countries may not allow the mailing of debit or credit cards and you should take precautions to protect it anyways so before it gets mailed, tell your friend/family member to tape it inside a relatively thin, but still hardcover notebook that will fit in a standard envelope and to mail it with a tracking number, ideally with a private delivery company like UPS, DHL, or FedEx.  If they require a description of the contents, do not say debit or credit card.  Instead, say documents and you will not run into any issues.

Once you get to the accommodation where the card has been sent to, pick it up and activate it so you can go back to using it for the rest of your trip!  Make sure to update your accounts with the new card number if you have any recurring payments.

8. Set a budget and track your spending

One of the best ways to make sure you don’t overspend on your vacation is to actually set a budget for yourself, stick to it, and track your spending.  

A lot of people will book the cheapest flights and accommodation, but when they arrive at their destination, they start to spend money like there’s no tomorrow.  Then they come home and wonder how their vacation that they got the best flights and accommodation for ended up being so expensive!

Setting a budget is one way to prevent this.  Get an idea for how much you should expect to spend in your destination for everything on a daily basis.  Use sites like Numbeo which can show you the average cost of everyday things in many different countries around the world.  

Add up and include the cost of all the tours and attractions you plan to do while you’re there as well as any pre-trip expenses that you have already paid for (such as transportation, accommodation, visas, vaccinations, and travel insurance).

Once you’ve figured out how much you will be spending no matter what, see how much more you can afford to budget for.  Whatever is left you will be able to use on souvenirs and gifts, other fun experiences that you might come across while there, and any emergencies that you might run into.  

Make sure you know what the exchange rate is if you’ll be dealing with a different currency and track your spending by noting down any expenses you make and by checking your bank account frequently. Stick to this budget and you won’t come home to any surprises!

9. Transfer money internationally like a pro

While traveling, you may run into a situation where you need to transfer money from your bank account to another one in a foreign currency or maybe you do a little work while abroad and they want to pay you in their currency.  If you try to use your standard bank in these scenarios, you will be spending lots of money on transfer fees. 

So if you want to save a lot of money, I recommend opening up a TransferWise Borderless Account which is completely free to have.  Use this link to open yours and get a no-fee international transfer of up to £500!

TransferWise is an online banking company that lets you keep money in more than 50 currencies in your account as well as real bank accounts for the USA, UK, Australia, New Zealand, Poland, and the Eurozone which also let you receive payments in those currencies.  

They have the cheapest exchange rates out there as well as super low foreign conversion fees compared to standard banks and they can also provide you with a Mastercard debit card which you can use while traveling. 

The debit card does have ATM withdrawal fees for withdrawals over $250 over a 30 day period, but it makes up for it with very good exchange rates and no fees for foreign transactions so you can also use it to make payments while abroad if you haven’t found a better debit card for you in my Guide to the Best Debit Cards For Traveling .  

You can also stay safe by locking and unlocking your card instantly from their mobile app!  Keep in mind that they are only able to send cards to residents of Europe, Singapore, Australia, New Zealand, or the USA.

If you want to open a TransferWise Borderless account, use this link to get a no-fee international transfer of up to £500!

And that’s all you need to know!

Managing your money the right way while traveling means you will spend less of it on unnecessary fees and more of it on great experiences!  

Let me know if this guide helped you figure out your money situation in the comments below and if you want to know what other things you should get for your trip, check out my Guide to the Top Travel Accessories .

About The Author

Hi there,  I’m Sebastian , founder and creator of Travel Done Simple. Since I turned 20, I have lived in 5 different countries and traveled to over 40 others! You can learn more about me on my  About page   and find me on social media.

Hi there, I’m Sebastian , founder and creator of Travel Done Simple. Since I turned 20, I have lived in 5 different countries and traveled to over 40 others! You can learn more about me on my About page   and find me on social media.

I’m Sebastian , the founder and creator of Travel Done Simple! I was born in Europe and raised in Canada, but I now consider myself to be a citizen of the world. When I’m not busy exploring new destinations, I’m here giving you the best travel tips so you can do the same! 

You can learn more about me on my About page and if it’s your first time on my site,  start here !

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Hiding Money When Traveling: Savvy Tips to Give You Peace of Mind

Anti-theft Products , LUGGAGE

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Traveling with money can be a bit of a challenge to figure out, but TFG readers share their favorite ways to hide cash and cards on your trip.

Hide Money When Traveling

Written By: Tae Haahr

Table Of Contents

If you’re looking for the best way to carry money while traveling , look no further. TFG readers have shared their best tips, tricks and accessories to hide cash and cards while you’re out and about exploring. 

Not sure you need to be concerned about hiding money while traveling ? One TFG reader shares, “I’ve been robbed and they only got my bag one time and a dummy wallet the second. My passport and real cash and cards were always in a secret pocket on my body.”

While this is an extreme example, it’s always a good idea to prepare for the worst. Whether you’re most comfortable tucking your items into a hidden pocket, zipping it into a scarf, or carrying it in a bag, we’ve got the best things to hide money in .

Use a Conceal Wear Hidden Money Pouch

Compass Rose Secret Bra Wallet

Top Readers’ Pick: Compass Rose Bra Wallet 

When it comes to traveling with cash our favorite hidden pouch is the Compass Rose Secret Bra Wallet . It is big enough to store some extra money, credit cards, your hotel key, and a few essentials whilst traveling and has RFID protection to help secure you against digital theft too.

The design allows you to carry your cards and other travel must-haves safely. In order to wear it, you simply attach it to your bra strap or band, your underwear, or your belt loop and wear it discreetly underneath your clothing. 

One TFG reader shares, “I kept all my money in a little packet in my bra and still kept an eye out.” Another reader pairs their bra wallet with a Travelon anti-theft bag (see below), they put the stuff they don’t need easy access to in the Compass Rose wallet so it’s safe and secure.

If you want to learn more, read our thorough review on the Compass Rose RFID secret bra wallet!

Find out how getting left behind on an organized tour to Europe is actually the reason why my Secret Bra Wallet became one of my all-time travel essentials! Learn why here.

Venture 4th RFID Blocking Money Belt

Venture 4th Money Belt

The Venture 4th also comes highly recommended by TFG readers for this tried and true body money storage option . It has a slim, minimalist design with RFID blocking technology so your credit cards and cash are safe. And its slim, lightweight design helps ensure that the pouch is secretly hidden.

One reader shares, “For extra-large amounts of cash in Europe I have used a money belt. When out and about, I carry as little as possible in a cross body.” With its superior construction, this belt is bound to last you a lifetime!

Peak Gear Money Belt With RFID Block

Peak Gear Travel Money Belt

If you’re looking for how to carry cash without a wallet , the Peak Gear money belt  is a discrete and comfortable accessory to wear under any outfit. It has added RFID technology to help keep your things even more secure. 

One TFG reader shares that when they head to Europe, “we put our credit cards, cash and passport in this, and wear it under our clothes.” Another adds, “I carry my passport, main cards, and money in my money belt at all times.”

Stashbandz Sports Running Belt Waist Pack

Stashbandz Running Belt

Instead of using a traditional travel money belt, a number of TFG readers recommend using a running belt to carry money instead. The Stashbandz model has three security and one zip pocket. 

One reader explains, “I use a runner’s belt because it feels like a thick yoga pant waistband.” Another adds that “it’s so comfortable I forget I’m wearing it.” It has more than enough room to hold everything you need to hide.

Venture 4th Travel Neck Pouch

If you’re looking for where to hide money when traveling , the Venture 4th Neck Pouch will not only block RFID but is also comfortable and water-resistant. It has three storage components including two zippered and one velcro closure patch with an ID window.

One TFG reader shares, “I wear a neck wallet crossbody-style under a shirt. I keep a passport, extra credit card and cash in it.” Another reader wears it a tad bit differently, “I wear a neck pouch crossbody under my clothes and tucked into the waistband of my panties. It’s not hot or uncomfortable.”

Travelon Women’s Undergarment Pouch

Travelon Undergarment Pouch

The Travelon Undergarment Pouch is a great way to keep your valuables secure and out of sight. It’s made out of a comfortable, breathable and adjustable material that you simply tuck under your clothes. And, yes, your passport will fit! 

One TFG reader shares that when it comes to how to hide cash while traveling , you can wear this “around the waist and tucked into underpants for me.” While another adds, “Wear hidden under your clothes for your money.”

Eagle Creek Undercover Hidden Pocket

Eagle Creek Travel Undercover Hidden Pocket

The Eagle Creek Undercover Hidden Pocket is a handy little pouch that you can slip onto your belt and tuck into the waistband of your pants. That way you’ve got everything you need secure and hidden.

If you’re looking for how to hide money on your body , this is a great way to keep your personal items like your credit cards and cash safe. It’s also made of moisture-wicking material, so your passport and money remain dry no matter where you find yourself exploring.

Lanney Money Belt RFID Blocking

LANNEY Travel Money Belt

If you’re looking for the best way to carry passport and money when traveling , and specifically something that can help you keep ultra-organized, then look no further than the Lanney Travel Money Belt . It has two zip pockets, the larger of which has three sections for convenient organization. There is also a hidden pocket to keep something super secret. 

One reader shares “I like these when I travel with my passport for my own piece of mind.” It also comes with 10 RFID sleeves, so you can keep whatever you want on you safely.

Our readers recommend the best money belts !

Clever Ways To Hide Money In Clothing While Traveling

SCOTTeVEST RFID Travel Vests

SCOTTeVEST RFID Travel Vest

The SCOTTeVEST RFID Vest was made for keeping your things safe while you travel. It has 18 pockets (no, that isn’t a mistake) so that you can organize and store all of your things safely. No need to worry about pickpockets!

One TFG reader shares, “This vest has many pockets inside so you can keep your passport and belongings safe. Not to mention it makes a good extra layer whether it’s warm or cold.” 

Waypoint Goods Hidden Zipper Pocket Travel Scarf

Waypoint Goods Travel Scarf

Clothing is a great place if you’re looking for how to hide money while traveling  if you find the right items like this Waypoint Goods Scarf which comes highly recommended by TFG readers. It has a hidden pocket that you can slip your belongings into and zip right up. Voila, hidden! 

One TFG reader shares, “I was a little hesitant to purchase this scarf because it cost $29 but it was worth it! It’s soft, spacious, looks, and feels quality made. Plus, the zipper is well hidden so it will do the job of hiding your goods—you couldn’t tell I was hiding anything.”

Sprigs Banjees 2 Pocket Wrist Wallet

Sprigs Banjees Pocket Wrist Wallet

Getting yourself one of the handy Sprigs Banjees 2 Pocket Wrist Wallets can help ensure that you keep your cards and cash-on-hand so they can easily be accessed. The band is lightweight and stretchy and has one zipper and one foldover pocket.  

One TFG reader shares, “I’m very excited to order and use these wrist wallets. They’re great to use for your ID, credit card, and cash for the day.” 

Pocksie Temporary Sticky Pockets – 6 pcs.

Pocksie Temporary Sticky Pockets

If you find yourself without a convenient pocket to stash your cash in and hide money travel style, then make one! Pocksie Sticky Pockets instantly add an extra pocket to the inside of your clothing, boots or bags. And it’ll stay there until you take it off yourself or throw it in the wash. 

One TFG reader shares, “I use these in all of my knee-high boots and occasionally in sweaters and jackets without pockets. They really do work! Perfect for hiding cash and credit cards, but having them easily accessible.”

Skechers Bobs Woven Mary Jane Flat

Hide Essentials in Shoes

When it comes to the best way to travel with money , it helps to get creative if you’re going to hide your cash. One of the best places to hide money when traveling is in your shoes like these Skechers Mary Jane flats , because realistically who’s going to steal your shoe while you’re wearing it!

One TFG reader shares, “I put cash under the sole insert in my shoes— shhh don’t tell anybody!” It works so long as you’re not wearing sandals. Another suggests keeping your cash in multiple spots on you, including your shoe, wallet, bra, and so forth.

Want more tips? Check out the best clothes with hidden pockets !

Hide Money While Traveling In a Purse

Longchamp Le Pliage Neo Crossbody Bag

Crossbody Purse

If you’re looking to keep your belongings safe, but don’t want to get something new or pack another item, then TFG readers recommend bringing along your favorite (functional) crossbody bag like Longchamp Le Pliage —just make sure you keep an eye on it. 

One TFG reader shares that they “don’t carry more than one credit card and only use a small cross body, which I never take off!” Just make sure that your bag stays on you and in front all of the time!

Travelon Anti-Theft Essential Messenger Crossbody Bag

Anti-Theft Bag

If you want to take an extra step to keep your belongings safe, an anti-theft bag will help to make sure that your items are safe while you’re out and about. You’ll find brands like Pacsafe and Travelon that specialize in these kinds of bags.

One TFG reader shares that the “Travelon feels very safe and secure. I just left Paris where there was a reported upsurge in pickpockets and I felt very safe. I stashed my extra credit card in a suitcase in my accommodation.”

Pacsafe Anti-Theft Backpack in Blush Tan

Anti-Theft Backpack

Anti-theft bags tend to have steel mesh and wires in both their bodies and straps. They also often have zippers so that they cannot be easily opened. Another great option is backpacks.

One TFG reader shares, “I use a Pacsafe backpack . Steel in the straps and cables at all zippers.” However, one TFG reader shares that even if you’re using an anti-theft backpack, never put all of your money or cards in the same place. Great tip! 

Tarriss TSA Lock

If you simply want to make sure that your bag is not easily opened by someone wandering by, then a purse lock might be in order. One TFG reader shares that “Amazon sells little S locks that are perfect for backpacks or zippers that are not secured.” Another suggested using carabiners .

Keeping your belongings protected is crucial while you’re traveling because you never know what might happen. One reader shared, “ It was so crowded around the Eiffel Tower and one of the pockets on my backpack/purse was picked. They got nasty tissues and lotion. Luckily, I have a cable lock I put on the main part of the purse.”

Get equipped with the best cross body purses for travel!

Hide Money Travel Product Comparison Chart

Tips for traveling with cash.

When you’re traveling with cash or cards and trying to play things safe (realistically, when are you not) there are a few things TFG readers suggest doing to stay ahead of pickpockets. They suggest making sure that you store cash in different places. That way if something is taken, you’ll still have something left. 

One reader shares, “Keep your money belt under your clothes, run and have just a daily amount of money in your purse. Don’t take the belt out in public, only in a toilet or changing room if you need more cash.”

What do you feel is the best way to carry cash or cards when traveling? Share your tips below!

For more anti-theft travel tips, please read:

• Best Money Belts and Anti-theft Travel Accessories
• Best Anti-theft Travel Bags for Women
• Worried about Pickpockets in Europe? Read These Tips and Tricks
• How to Keep Your Passport Safe When Traveling

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The Best Way to Carry Money Overseas

Sarah Schlichter

Deputy Executive Editor Sarah Schlichter's idea of a perfect trip includes spotting exotic animals, hiking through pristine landscapes, exploring new neighborhoods on foot, and soaking up as much art as she can. She often attempts to recreate recipes from her international travels after she gets home (which has twice resulted in accidental kitchen fires—no humans or animals were harmed).

Sarah joined the SmarterTravel team in 2017 after more than a decade at the helm of IndependentTraveler.com. Sarah's practical travel advice has been featured in dozens of news outlets including the New York Times, the Chicago Tribune, USA Today, Budget Travel, and Peter Greenberg Worldwide Radio. Follow her on Twitter @TravelEditor .

The Handy Item I Always Pack: "A journal. Even years later, reading my notes from a trip can bring back incredibly vivid memories."

Ultimate Bucket List Experience: "Road tripping and hiking through the rugged mountains of Patagonia."

Travel Motto: "'To awaken quite alone in a strange town is one of the pleasantest sensations in the world.'—Freya Stark"

Aisle, Window, or Middle Seat: "Aisle. I get restless on long flights and like to be able to move around without disturbing anyone else."

Email Sarah at [email protected] .

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Before you leave for your next trip abroad, take a moment to think dollars and cents — or should we say pounds and pesos? Get the most for your money overseas by doing a little homework first.

The most important step is to know your options. In decades past traveler’s checks were the most popular way to carry money overseas — but today’s travelers are much more likely to rely on credit cards and ATM withdrawals, which usually offer better exchange rates and lower fees.

What’s the best option for you? And how can you avoid those pesky currency conversion fees when making purchases abroad? Read on for answers to these questions and a comprehensive roundup of all your currency conversion options when you’re traveling overseas.

Credit Cards

Best for: Large purchases such as airline tickets, hotel bills, car rentals and restaurant meals.

Pros: The biggest advantage to using credit cards while traveling overseas is that credit card purchases are exchanged at the interbank exchange rate, usually the best rate you can get for currency exchange. While most credit card issuers charge currency conversion fees each time you make a purchase in a foreign currency (generally 1 percent from Visa or MasterCard plus an additional 1 – 2 percent for themselves), these fees are typically lower than those you’d pay to convert your own currency at a change bureau. And there are a few cards out there (many from Capital One) that do not charge any foreign transaction fees at all, not even the ones from Visa or MasterCard. Check out Airfarewatchdog , SmarterTravel’s sister site, for a list.

Cons: Some restaurants, stores and even hotels won’t take credit cards, so you’ll need to have cash on hand at all times. While you can use credit cards to get cash advances at ATMs, bear in mind that they’ll be subject to any finance charges your credit card company imposes — which can add up very quickly. Plus, if you’re not home by the time the bills come in and you haven’t made arrangements to pay them, you’ll be hit with hefty finance charges on these advances.

One problem for U.S. travelers is the growing prevalence of “chip-and-PIN” credit cards in Europe, Asia and South America. Designed to reduce fraud, these cards rely on an embedded chip that transmits information to a merchant, which the consumer then verifies by entering a PIN. While U.S. cards with magnetic stripes will still work as long as there’s someone to swipe them, many travelers report problems using their cards in ticket vending kiosks, at gas stations or in other places featuring automated payment machines. If you find yourself in this dilemma, your only alternatives are to find an attendant to scan your card or to use cash instead.

These cards are slowly becoming more available to U.S. travelers. Check out CardHub.com for a list.

What You Need to Know: The first thing you should do if you are traveling abroad with a credit card, even if you only plan to use it in case of an emergency, is to call the issuer and ask which fees will apply to your purchases, both in local currency and in U.S. dollars. We recommend calling before each trip, as these policies may change without notice.

While you’re on the phone, let your credit card issuer know when and where you will be traveling — that way the sudden international activity on your account won’t trigger your issuer’s fraud alert system. As a precaution, we recommend bringing two credit cards on your trip in case one stops working. Finally, get a phone number that you can use to call the company from overseas if your card is lost or stolen. (The 800 number on the back of your card typically will only work in the U.S. or Canada.)

Some merchants (particularly in Europe) offer what’s known as dynamic currency conversion, which means that they’ll charge you in dollars rather than the local currency. Because some card issuers will waive the currency conversion fee if your overseas purchase is made in dollars, dynamic currency conversion could help you save a few coins. However, keep in mind you’ll almost always get hit by a conversion fee from the merchant instead — sometimes up to 5 percent — so you may end up losing out on the deal. Be sure you know which fees apply to either option before deciding which currency to use.

A few other caveats to bear in mind: Some hotels and car rental companies may put holds on your credit card for the amount of your total expected bill. This can use up your credit line before you’ve actually incurred and paid for the charges. All merchants are supposed to inform you if they do put a hold or “deposit” on your card. If they do, make sure you clarify that the hold has been removed when you’ve paid your bill in full.

Keep in mind that you may not have as much protection overseas as you do at home when problems arise over inaccurate charges. Incidents are always being reported of travelers being charged twice for the same item or for items they never purchased, and credit card companies are not always willing or able to intercede on their behalf. Always watch merchants imprinting your card and keep your receipts. After you get home, check your credit card statement. If you see charges you didn’t make, call your creditor and ask them to dispute the charges.

Neck Wallet

Designed to be worn under clothing, this RFID blocking neck pouch offers an added layer of security for any important credit cards when traveling abroad. This wallet is discreet while still keeping your essentials in easy reach and is offered in neutral colors!

Debit and ATM Cards

Best for: Getting cash in local currency.

Pros: You’ll get the same great interbank exchange rate when you make cash withdrawals with your debit or ATM card as you do when you make a credit card purchase. With ATMs available in major cities and airports all over the world, this is generally the cheapest and most convenient way to get cash in the local currency.

Cons: Each cash withdrawal you make will usually be subject to currency conversion fees, foreign ATM fees or other charges from your bank and/or the local bank that maintains the ATM. For more information, see ATMs Abroad . Debit cards work pretty much the same as regular credit cards for purchases, but if your card is lost or stolen you may not have the same protection. By U.S. law, as long as you report your card missing within two business days, your maximum liability for use of that card will be $50 — the same as for a credit card. However, if you wait any longer, you could be responsible for hundreds of dollars in unauthorized charges.

What You Need to Know: If the ATM card from your home bank isn’t connected to the worldwide Cirrus or PLUS networks, you may want to look into getting a MasterCard or Visa debit card. While they look and can be used like regular charge cards, they actually debit your checking account the same way your ATM card does.

If you are renting a car, you should be aware that debit cards are not always accepted and may sometimes be subject to additional red tape.

Finally, don’t forget to call your bank and make it aware of your travel plans; as with credit cards, sudden international activity using your debit card could cause your account to be frozen.

RFID Blocking Wristlet

This stylish wallet comes complete with RFID blocking function so you have an added layer of protection when it comes to keeping your finances secure while traveling. Not only does it easily fit your important credit cards, identification, cash and your phone, the classy exterior looks amazing with any outfit!

Best for: The first 24 hours of your trip — to tide you over until you can find the nearest ATM.

Pros: It’s often a good idea to get some foreign currency before you leave home so that you have cash on hand to handle your immediate expenses — like buying a meal at the airport or taking a cab to your hotel. This way you’re not stranded without cash if the airport ATM isn’t working or you arrive after the local exchange bureau has closed.

Cons: You typically won’t get a great conversion rate from your home bank, and you may also have to pay fees or commissions. If you’re traveling to a major international airport in a large city, which will likely have multiple ATMs and change counters, getting currency beforehand probably isn’t necessary.

What You Need to Know: You can get foreign currency from your local bank, online or at the airport. Try your local bank first, as they may waive fees for certain accountholders. We recommend bringing $100 – $150 worth of foreign currency. See Buying Foreign Currency: Get More Bang for Your Buck for tips.

Bra Stash/ Belt Loop Wallet

The Silk Undercover Bra Stash: this stylish, discrete wallet is meant to be worn under-clothing or attached to a belt loop for extra security. This wallet is designed to keep your cash secure and hidden. The silky smooth material comes with a moisture resistant lining for maximum comfort.

Traveler’s Checks and Prepaid Cards

Best for: Emergency backup if you can’t find a functioning ATM (checks) or a secure alternative to cash (checks and check cards).

Pros: Traveler’s checks and check cards provide more security than cash because they can be replaced (usually within 24 hours) if lost or stolen. While traditional traveler’s checks have largely gone the way of the dinosaur, Visa and Travelex offer travel cards that are prepaid like traveler’s checks but work like credit cards for purchases and ATM withdrawals. To avoid the aforementioned problems that U.S. travelers have at overseas chip-and-PIN machines, Travelex even offers a chip-and-PIN card called Cash Passport (available in several different currencies). Traditional checks from American Express are still sometimes useful as currency if you can’t find a functioning ATM.

Cons: The exchange rate for traveler’s checks is not as favorable as the interbank rate you’ll get when using a credit or debit card, and very few merchants accept the checks for purchases these days. You’ll also have to pay commissions, shipping charges and/or conversion fees to purchase and cash the checks. The prepaid cards have plenty of fees too — look out for activation fees, charges for reloading the card, ATM charges or inactivity fees. In most cases, you’re probably better off using your own debit card.

What You Need to Know: Keep your checks’ serial numbers in a secure but separate place from the checks themselves in case they’re lost or stolen.

Hidden Wallet

This RFID blocking wallet safely stores cash, passports, credit cards and fits all iPhone models and provides a safe guard between your belongings and any pickpockets.

Sending Money Overseas

Best for: Emergencies when you need money sent overseas in a hurry.

Pros: If you find yourself stranded overseas without cash, someone at home can wire money to you and you’ll have it within a day — or even a few minutes.

Cons: Fees for sending money abroad can run anywhere from 1 to 10 percent or more; in general, the faster you need the money, the more expensive it will be.

What You Need to Know: The best-known companies for sending money are Western Union and MoneyGram. Both charge variable fees depending on how much money you’re sending, where you’re sending it and how your recipient will access it. The slower the service you choose, the more economical the price.

Other choices for sending money abroad include bank wire transfers or international postal money orders from the post office. While less expensive, these methods may take more time.

More From S marterTravel:

• 10 Travel Money Mistakes to Avoid
• A Newbie’s Guide to International Travel
• 11 Ways to Prevent Identity Theft While Traveling

We hand-pick everything we recommend and select items through testing and reviews. Some products are sent to us free of charge with no incentive to offer a favorable review. We offer our unbiased opinions and do not accept compensation to review products. All items are in stock and prices are accurate at the time of publication. If you buy something through our links, we may earn a commission.

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😇 11 Smart Ways to Carry Money While Traveling International And Domestic

Carrying money on vacation is a delicate balance of safety and convenience.

Making money difficult to get to discourages robbers, and when it’s time to pay for anything, you still want to be ready to get in there without stripping naked and play hide-and-seek with a bag’s secret pockets.

With all that in mind, here are some tips for safely and elegantly carrying money when traveling.

1. On-body storage Travel Money Belt By LANNEY

2. travel neck passport holder wallet by amazon, 3. anti-theft bag by travelon, 4. travel wallet by buffway, 5. divide money, 6. money alternatives, 7. small bills and coins, 8. dummy wallet, 9. carry less important stuff, 10. adapt to the local money culture, 11. stow valuables securely, q. can airport security detect money, q. where anyone can convert foreign currency, q. how do you travel with money, q. can i exchange currency at the airport, ✉ tell us in the comment as per you which one is the smart way to carry money while traveling..

📃 List Of 11 Smart Ways to Carry Money While Traveling

With traveling comes the need to carry money in smart ways , which keeps them safe and is available in handy.

Following are some of the ways that you can check out for the same.

Neck pouches and money belts are useful if there is no secure place available for cash and other stuff.

This money belt has a zipper closure along with built-in 3 layers of RFID blocking linings to ensure your security and is made of water-resistant ripstop nylon. 

• Simple and practical design
• RFID blocking technology
• Limited space

Last update on 2024-04-23 / Affiliate links / Images from Amazon Product Advertising API

The adjustable neck strap and is made of durable nylon ripstop make this product great. Separate compartments are also available for organizing items.

• Travel dry technology
• Ultra-slim design
• Can get a bit bulky when full

• Travel neck stash keeps your cash, receipts, and...
• RFID blocking material protects against unwanted...
• Separate compartments for organizing items;...
• Adjustable neck strap with fastener for a...

Built up of polyester, the available 2 mesh expansion pockets hold water bottles & umbrellas. Comes with different pockets which is a great purchase to carry money.

These Anti-theft bags are an investment that eventually helps you to save money.

• Mash back pocket
• Lifetime guarantee
• Water repellent
• Zippers can be sensitive

• 5-Point Anti-Theft security system
• Locking main compartment with slip pockets and...
• Front slash pocket, zip rear pocket and removable...
• 19 mesh expansion pockets hold water bottle &...

The 8 slots allow you to store all your cards from debit, to credit to the membership card. This makes traveling easier and more convenient . 

As made of leather, this wallet is a combination of both luxurious styles as well as durability.

This does not require unpacking and repacking your wallet daily , but rather can simply be transferred.  

• Slim profile for discreet carry
• RFID protection
• Nice sand body color for camouflage
• Can get dirty easily

• STYLISHLY SMALL, SLIM and DISCREET: Measuring just...
• PLENTY OF ROOM: 8 slots easily load your driver's...
• EFFECTIVELY BLOCKS RFID SIGNALS: Outfitted with...
• MADE FROM LEATHER: Crafted out of leather, our...

This is the most common and useful practice, where all the money is not kept in one place but rather at different places or the hotel in a secure place. 

Keeping the funds in different places allows you to have enough money after any unfortunate event. 

Try to reduce the usage of cash in as many places as you can as the chances of it getting lost.

Instead, you can rely on a multi-use ticket or another cash alternative.

If in a city where the public transportation system offers multi-use cards (for instance, London’s Oyster card or San Francisco’s Clipper card) or where you can buy many tickets at once for a discounted price, then definitely try to do so. 

It is wise if you carry currency of smaller denominations which is far more easily accessible. The available small bills and coins help buy food, and souvenirs at ease.

Keep the nigger bills in a secure place and use these for your travel shopping. 

If you find yourself in a place that has a high number of pickpocketing, then consider carrying a cheap dummy wallet . This is a safe practice to prevent your real wallet from getting pickpocketed.

Do you require all the cards that are in your wallet right now? No, right?

So avoid carrying them during travel , except for your identification card, insurance card, and other necessary cards.

This will not only make your wallet lighter but also if it gets lost or stolen, fewer items will be replaced.

Also Read : 11 Cheap Ways To Travel The World With Limited Bucks

If the place you visit is a cash economy, then it is preferred to carry bills and coins, avoiding credit cards.

However, in a cashless economy,  where chip-and-PIN credit card technology is common, such compatible credit cards will come in handy.

So knowing the local money culture of the place you will visit is important.

At times carrying no money is the safest option. Keeping your money in the hotel’s in-room is a secure or safe deposit box. This will keep your mind free and you can enjoy the trip smoothly.  

Also Read : Every Major U.S. Airline’s Face Mask Policy In Detail

🙋🏻‍♀️ FAQs For Smart Ways to Carry Money While Traveling

There are a lot of questions that come to our mind related to carrying money during travel some of the commonly asked questions are answered below.

A. Is it legal to search airports for US currency? Travelers who bring a wad of money to the airport for a domestic trip are frequently stopped and detained by TSA screeners. Although the TSA cannot take your money, they may attempt to have a law enforcement officer seize it for civil asset forfeiture.13

A. Most often, the best place to convert money is your bank and credit union.

1. Before you go, notify your bank and credit card companies. 2. Keep your wallet simple and smart. 3. Keep some of your money separate and secure. 4. Invest in a money belt. 5. Purchase items with a credit card instead of a debit card.

A. The best places to exchange money include currency exchange stores and kiosks in airports. Do your currency exchanges once at a local bank or even a bank ATM for the lowest fees. Check with your U.S. bank to see whether you may get a refund to use a foreign ATM. Not every currency exchange offers the very same rate of exchange.

Also, don’t forget to book your personalized holiday package with  Fiery Trippers . Let us make your vacation a romantic as well as a dreamy getaway.

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He has a diverse educational background with expertise in travel content creation and digital marketing. His self-motivated learning approach has made him a well-rounded professional in the field. Read More

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Helpful Money Tips for International Travel

Written by Becca

Updated on April 26th, 2024

We cover how to bring and spend money when traveling internationally, if you should exchange money before leaving for a trip and the best way to exchange money when abroad.

This article may contain affiliate links. We earn a small commissions when you purchase via those links — and it's free for you. It's only us (Becca & Dan) working on this website, so we value your support! Read our privacy policy and learn more about us .

Table of contents

• Bring some fresh USD bills from home
• Get familiar with exchange rates!

Researching currency fluctuations

• Track foreign exchange rates over time
• Ask around in your network for foreign currency
• Get foreign currencies at your home bank
• You can withdraw local currency when you land in the airport or cross over land
• Exchange at a bank when you arrive
• Put an international travel advisory on your credit card account
• Getting the daily exchange rate on credit purchases while abroad
• Determine the extent of acceptance for different credit card companies
• Know your transaction fees on your travel credit card
• Using credit abroad and leaving tips
• Choose the local currency correctly and optimally
• Use a checking account that reimburses ATM fees, and start now
• Check out a travel pricing index for destinations abroad
• Calculate spending each day or week during a trip abroad
• Figure out your spending average for your trip budget
• Save foreign currency for future trips
• Ask around in your network to offer international money

Are you about to leave home for a trip somewhere cool abroad?

You’re probably thinking, “Oh, shoot. I forgot to figure out if I’m going to need to get cash in this foreign country. And how much cash should I travel with, internationally?” Let’s jump right in with the most important question:

How much cash should you travel with internationally?

There’s really no one-size-fits-all answer here because there are so many factors at play. First, consider where you are going. Some places might be a culture where cards are accepted everywhere. I traveled to Taiwan and Amsterdam , I don’t think I used cash once.

For other places like Medellin and Mexico City, I rarely used a card!

Now that you’ve accessed your primary payment method, you can ballpark how much you need for a few days. You shouldn’t take out all of your cash at once, because anything can happen. You can leave some in the hotel room and someone comes into your room and takes it. You can be pickpocketed . You never know!

One tip, is that if you know you need cash getting to your hotel from the Airport, bring that exact amount with you before you arrive. Airport taxi’s never claim they have change, and they’ll usually round up because “they don’t have change”.

You might not want to take out money frequently at ATMs because of the fee. Depending on how much it costs, consider that the fee is way less than losing a few days worth of cash. Also, some banks offer ATM reimbursement, even internationally. One of my checking accounts, Fidelity, offers this, and it’s never been a problem to get refunded the ATM fee.

Lastly, if you end up with a surplus of cash, don’t keep it all in one place. Keep some with you and distribute it throughout all of your luggage. Try to not stash it in the room where you are staying because you can forget it exists and leave without it. You can literally be leaving money on the table.

Have some USD with you

You should bring cash in USD (or your home currency) with you on your trip as backup currency in case you wind up with a malfunctioning credit card or ATM card.

Bring some fresh USD bills from home

I have always had some crisp USD twenties or fifties in my wallet when I left home for a trip.

Having this money has come in handy for exchanging upon arrival, ordering tourist visas upon arrival and sometimes, a national park entrance fee (charged in USD) here and there.

While living in NYC , I would go to a bank on my lunch break several days before leaving the country for an international trip and would stand in line at a bank. I’d request $200 or so worth of twenty-dollar bills, requesting super crisp ones for this purpose exactly.

I would have these with me, stashed away in a secret and unassuming part of my luggage, in case I needed to use them for exchanging, visas or other surprise expenses (this happened frequently in Africa).

Why do crisp USD bills matter when traveling abroad?

The reason for getting super crisp twenty-dollar bills is that local banks abroad don’t typically accept smaller denominations, and they certainly don’t like bills with writing, crinkling, folds, chunks missing, torn edges or faded writing.

I’ve experienced sometimes that banks will turn away bills that are less-than-perfect. This is something you want to get right the first time.

For visas on arrival (Zambia and Zimbabwe, to name two countries with this policy off the top of my head), you will also need cash, and such visas must be purchased with perfectly un-damaged bills.

Find out and track foreign international currency exchange rates

I personally think foreign exchange rates are fun and interesting.

Edit: I think it’s fascinating and worthy of keeping in an app in my phone for travel days.

Foreign currency exchange rates are like a gamble of their own, and I find exchange rates and fluctuations over time to be incredible.

Get familiar with exchange rates!

I first had to get familiar with foreign exchange rates when I lived and worked in Shanghai, China, from 2010 to 2012.

While working there, I was paid in US Dollars due to an agreement in past years with American staff hired from abroad.

I worked in China during the first year when the Chinese Yuan started slipping in its rate with the US Dollar, and this hurt my salary.

The Americans who worked at my school and I would race to the bank on Fridays after pay day to request conversions of our USD into Chinese Yuan for spending, as soon as possible.

The catch was that the rate would slip day by day. If we didn’t act fast, we’d lose our hard-earned money to the fluctuation. Some days we’d look at XE.com and admire small increases in the USD to Chinese Yuan, and other days we’d look in disgust at a small dip.

Nowadays, I look at exchange rates when I travel.

There are some places, like Hong Kong, that have currencies pegged to the USD. (Did you know that? Such a fun fact.)

This is interesting as well because, at any given point, you can go to Hong Kong and presume that the rate won’t have changed much (unless something totally unexpected happens).

I follow currency rates around the world so that I can think up places to go where my dollar will go further.

When I went to South Africa in summer 2016, I lucked out big time. The following is a story about how a foreign exchange rate can make you a king.

Somewhat fortunately for Americans, the South African Rand weakened a whole lot that year.

This caused our US Dollar to have almost two and a half times more buying power than only two years before for American travelers.

I was eating steak dinners and having South African wine for $25 and having cocktails at restaurants for $4. Had I gone in 2013, that steak dinner would’ve been $75 in my home currency, and the cocktail would’ve been $12, just like in NYC.

Right now, the same thing is happening in Argentina , a place where the economy affects the currency a whole bit.

When I went to Argentina , the exchange was approximately 14 Pesos to a USD, and now it is hard to even pin down how much the Argentine Peso is worth in Dollars because it fluctuates constantly. I recommend checking out Xe.com.

This means Americans have 5 times (more?) of the buying power we did four years ago.

Fun fact: traveling to Argentina will also get you steak dinners, wine and cocktails, so I definintely recommend it. :-)

Track foreign exchange rates over time

To track foreign exchange rates, use XE.com, which you can read about in our favorite apps for travelers article .

I also use the XE.com app for my phone. The mobile app is free, and you can choose nine of your favorite currencies to track against your home currency.

The rates update immediately, and you can also look into the charts that are available to show currency changes over time in one-day to ten-year intervals.

Get local currency for your international destination before you travel

There are several ways to get local currency before you leave for a trip abroad. I’m going to list a few ways that are my favorite hacks of getting international money before my flight.

Ask around in your network for foreign currency

First, you can always ask on Facebook if anyone in your friends network has the currency of where you are headed.

When I went to Portugal (or was it Spain?) in 2016, I posted on Facebook, “Does anyone have Euros they don’t need?”

I got several replies and met up with a friend who had leftover Euros from a previous trip.

I landed in Europe armed with Euros so that I didn’t have to get to an ATM so immediately. I like to land in a new destination abroad already armed with local currency, so that I can take an airport taxi into town or buy some snacks in case (worst case scenario) the ATMs reject my ATM card.

Get foreign currencies at your home bank

A second way to get local currency is to head to a bank and ask if they have Euros, Pesos, Yuan or Yen, etc., in stock.

For currencies that are rarer (Sri Lankan Rupees, Peruvian Soles, Vietnamese Dong… to name a few), your chances are a bit slimmer.

Sometimes, you can request these in advance from a bank and they can let you know how soon they can receive them for you to exchange before you leave.

If you’re going to, say, Guatemala, and you’re looking for Guatemalan Quetzales (the currency there), you could call your local bank branch a month before your flight leaves and ask if they can order the currency for you to pick up and trade.

You can withdraw local currency when you land in the airport or cross over land

The last few ways to get local currency of your destination happen when you land. Upon arrival, you can withdraw from an ATM with your ATM card in the airport.

When withdrawing from ATMs abroad, you will typically get charged a fee by the foreign bank (and maybe your bank as well).

To avoid this, you can use a bank that reimburses foreign ATM fees. I’ll get into this very soon.

Exchange at a bank when you arrive

Although I do not recommend doing this, as per the benefits of the methods mentioned above, you can also exchange your home currency for local currency at a bank when you land.

You may receive a less-than-optimal exchange rate.

If you’re going to be potentially exchanging money at banks abroad, make sure your bills are crisp, clean and undamaged!

Absolutely use a credit card whenever possible when you travel

If you have a credit card that waives all foreign transaction fees, then yes: you should use your credit card when you travel internationally with no hesitation.

Put an international travel advisory on your credit card account

One of my favorite things to do before I leave for a trip is to call my credit card company, talk to a human, and let them know which countries I’ll be in, so that they do not flag my purchases as fraud and block my usage.

It pays to take care of this beforehand so that you don’t have to deal with issues when you leave your country and may not have a way of making calls.

Nowadays, many credit card companies say, “You don’t have to call us to tell us about a travel advisory anymore!”

It seems credit card companies have gotten smarter, and the Internet knows so much about where you go that maybe by now it’s all linking up and they know when you left the country anywhere due to your Instagram (just an idea).

Getting the daily exchange rate on credit purchases while abroad

Spend money on your credit card while you’re on your international trip.

You’ll also get the conversion at the daily exchange rate when your purchase posts.

I use a travel credit card whenever I can, so that I can continue travel hacking and increase my points and miles. This lets me cash in for free flights further down the line when I have enough saved up!

I also find it helpful to review my purchases and spending in an app like the Chase app, so that I can see if there’s anything that was charged incorrectly, any foreign transaction fees I have to know about. Having an app on the go lets me assess my spending while I’m on the road.

Determine the extent of acceptance for different credit card companies

In my experience, Visa is most widely accepted worldwide.

American Express and Mastercard are accepted somewhat outside the US, but it is always best to have multiple credit cards.

Some stores or restaurants may turn away Visa, and if you have multiple types, you’ll have another option ready.

Even at home I’ve sometimes had my Mastercard rejected, while my Visa gets accepted. So, we definintely suggest having two credit cards with you for this reason.

Some businesses might also charge fees for using credit, or may have charge minimums.

Be prepared for these kinds of setbacks, and have cash ready as backup as well.

Know your transaction fees on your travel credit card

When using credit, ask in local businesses if there is an extra charge for a credit card transaction.

In several hostels and hotels in different parts of the world, I’ve experienced being quoted a 3% transaction fee for using a credit card; this is typical for small businesses, as they aim to offset the costs of using credit in their stores.

Sometimes I’ll change my mind and use cash, or sometimes I’ll go with the fee if it’s not turning out to be too hefty.

I have mostly seen this abroad when booking excursions or paying for a night in a hostel.

For this reason, it’s good to have a few hundred dollars worth of local currency with you if for some reason a place does not accept credit at all. An example of this would be a local guesthouse, a cash-only restaurant, a taxi you have to take when there’s no ride share service available or a bus booking.

Using credit abroad and leaving tips

One more consideration is the use of credit in cafes and restaurants internationally.

In some countries where credit cards are accepted, the tip is not included in your bill and can’t be added after the transaction.

If you want to leave tip on card, you have to remember to tell your server to add 10% or 15% (depending on local norms) as they are processing the transaction.

Choose the local currency correctly and optimally

In my experience, if you have a choice of USD or EUR, for example, when your credit card is in the reader, pick the foreign currency .

You will nearly always get a better deal.

I always avoid choosing US Dollars in these instances, and I’ve even done the math after making the mistake of picking USD that I had lost out.

Avoid foreign transaction fees at all costs

I haven’t been charged a foreign transaction fee in my lifetime, and you shouldn’t be being charged them, either.

For traveling, open a credit card account that has travel benefits like no foreign transaction fees.

We both use Chase Sapphire Reserve and we’ve now started using Wells Fargo Propel card as well.

Use a checking account that reimburses ATM fees, and start now

For ATM fees, as I mentioned above, I no longer get charged those, either.

Dan introduced me to an Investor Checking account with Charles Schwab that reimburses me for ATM fees every thirty days.

The Fidelity Cash Management account also has a system of automatically reimbursing the account holder for any ATM fee charged by foreign banking institutions while abroad or traveling.

With these types of accounts, I see reimbursements for these in the next month for any ATM fees charged to my card when I withdraw.

I recommend saving your ATM withdrawal receipts until you get refunded in the following month, just in case you need to call up the bank and ask about where your refunds are.

Budget your travel spending during an international trip

There are lots of ways to budget spending during your trip.

For one thing, there are lots of ways to save money while traveling and my favorite way is to check out what the typical cost of travel is for the place you’ll be going.

Check out a travel pricing index for destinations abroad

The Price of Travel Index is one of my favorite websites to peruse.

Did you know that Hanoi, Vietnam, ranks #1 for the lowest price of daily travel in Asia?

You can find out that type of data at this site.

We talk about our favorite affordable destinations for travel in this guide .

Calculate spending each day or week during a trip abroad

If I’m traveling for a while, I’ll stop and take some time to calculate how much I’ve spent so far.

I tally the price of my flight or flights (including any airline vouchers used), and then separately, I’ll tally the amounts of money I’ve withdrawn from ATMs, purchases made on credit card and any money spent on the trip before I left (price of foreign travel visas or related fees).

I usually do this for fun and for my own reference in a Google spreadsheet.

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Figure out your spending average for your trip budget

Based on how I want to calculate my daily spending average, I take these fees and divide by the number of days I’ve been on the road.

What’s interesting to see is how things like rental cars factor into your trip and blow out your daily average.

When Dan and I traveled around Ireland, the cost of our rental car for a week accounted for a giant portion of what we spent during the whole trip.

If you are on a tight budget, consider scrapping a rental car and going with public transport.

There are so many ways to save money during travel .

Figure out what to do with extra foreign currency after you return home

When your trip is ending, deciding what to do with your foreign currency is a valid thing to think about!

If you have only a little bit left, you can spend it at the airport on gifts for friends and family, or some delicious snacks for the flight or a souvenir you’ve been wanting.

Save foreign currency for future trips

If you have cash in a widely-used currency like the Euro (used as official currency in 23 countries!), consider saving your EUR for a future trip to any other country in the Euro-using destinations.

You can also save currency for your friends, if you know you have a friend who will be going to a particular destination within a few months!

If you travel somewhere where the USD is the official currency, like Ecuador, Panama or Cambodia… you’re in luck! You can go home with those dollars in your wallet and use them at home, if you’re American.

Of course, if you’re not American, save those USD bills for your next trip to the US. (And come say hi to us in NYC!)

Ask around in your network to offer international money

If you wind up with any foreign currency and you know you might not be going to that specific country for another few years, ask around in your network to determine if any friends or family are headed there soon and might want to buy it off you.

I’ve done some pretty funny street exchanges in giving away my Colombian Pesos or Indian Rupees in exchange for the equivalent in a Venmo payment.

To buy money or transfer money to others travelers, you can use Venmo (for US bank accounts only) or PayPal (used worldwide).

Don’t go over the limit for cash allowances on an international flight

Some people want to ask, “How much money can I travel with on an international flight?”

Know the rules: You usually can’t travel on an international flight with more than $10,000 (US Dollars). If you have that much money, you should probably put it in a bank, or have it invested…

In any case, most customs forms will ask if you’re traveling with more than $10K in USD upon landing. If yes, you will have to declare it. If you only have $9,999, then you should be fine.

In conclusion

Travel and money is a topic that has evolved tons for me since I started traveling. It has certainly been a trip of its own.

The first time I went abroad on my own was during my study abroad to Hong Kong in 2009.

Looking back, it’s incredible to see how much my process has changed.

I remember that my parents offered me travelers checks to bring. I remember saying, “What does a travelers check even do?” I haven’t heard the term ‘travelers check’ in the last decade, which goes to show how far travel and money has come.

In a time where we manage bank accounts and pay bills online and in a time where credit is so much more widely accepted all over the world, money management while traveling has changed quite a bit, for the better.

One of my favorite parts of traveling these days is the fact that I can use a good travel credit while abroad, and sometimes it’s even astonishing how widespread the use of credit cards is in major cities very far from home.

Looking for a new travel credit card? Consider the United Explorer card . We have this card! We like it because of the sign-up mileage bonus, Global Entry credit and no annual fee for the first year.

It’s also incredible how many places still use cash as king: Sri Lanka and Vietnam are just a few.

I also really enjoy updating my money strategies year by year; for example, even five years ago I was still using my ATM cards and paying hefty fees for ATM withdrawals in Ecuador, Bolivia and Guatemala.

Today (and thanks to money-sharing strategies and hacks with Dan) I’m getting reimbursed for those same fees.

In some of our most recent trips, we started seeing how contactless payments are spreading all over the world. In fact, the first time we used ApplePay and GooglePay regularly was in Taipei, Taiwan where no one even wanted us to slide our plastic credit card through a card reader!

What I am getting at with all of this is that you should be flexible. Some places may require you to use cash while other places are fine with you using your card. The process of travel is an evolution as more people open up to the idea of accepting digital payments.

I hope that this has helped you be more confident in your ability to travel and has answered all of your questions about money!

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The Best Ways to Travel with Money While Abroad

Traveling overseas can be an amazing experience.

One reality of international travel is that it can be very expensive, especially if you travel to certain parts of the world with high costs of living.

When you’re traveling, you need to have some way to pay for goods and services.

If you are traveling abroad, this article will discuss the different ways to can plan to have access to money while you travel.

One of the easiest ways to use money when you travel internationally is to use cash.

Just like in the U.S., you can pay with cash nearly anywhere. You don’t need to worry about the store accepting cards or fiddling with your checkbook to write a check.

You have a few options when it comes to getting cash for your trip.

One is to visit your local bank branch and ask for a currency conversion.

Many larger banks will keep some major foreign currencies, such as Pounds, Euros, or Yen on hand for customers to withdraw. The downside of this strategy is that many banks offer poor conversion rates and charge fees for the service.

On the other hand, your bank may waive fees for good customers, making it the best place to convert currency. It’s worth checking just to be sure.

You can also bring US dollars to the airport and convert the currency at the airport before you depart or after you land. Major international airports should have multiple locations to convert currency.

Even if you plan to rely on other forms of payment, it’s worth bringing some cash along with you.

It can serve as a backup form of payment and is good to have while you learn the ins and outs of using your preferred payment method in a new country.

Credit Cards

Credit cards are a great way to pay for purchases while you’re traveling abroad. They should work just like they do in the United States.

Simply swipe your card or use the chip and the purchase will be paid for.

The card issuer will automatically do the currency conversion for you.

Typically, the conversion rate will be the interbank exchange rate, plus a small fee, meaning you get one of the best rates possible. You also get the benefit of credit card perks such as extended warranties.

One thing that you need to watch out for is whether your card will be widely accepted in the country you’re visiting.

Many countries are more reliant on cash than the United States.

For example, Japanese consumers use credit cards for just 17% of purchases. Americans use credit cards for roughly 33% of purchases.

Some card networks are also more popular than others outside the United States.

While Visa and Mastercard are accepted in most places, you may have trouble if you rely on a Discover or American Express card.

Do some research to see what cards are used in the country you’re visiting.

Also, look at the terms and conditions of the card that you plan to use while traveling. Some charge significant foreign transaction fees every time you use your card overseas.

Also read: The Best Credit Cards for Foreign Travel Expenses

Consider bringing just foreign transaction fee-free cards or apply for one before you leave.

Here are a few credit cards you might want to apply:

Debit Cards

Debit cards are an important tool to have when you travel abroad. They can be used to make purchases in a pinch, and also give you an easy way to withdraw cash while you’re abroad.

Most debit cards let you use foreign ATMs to make a withdrawal in the local currency.

The downside of this is that you’ll have to pay all the relevant fees, including currency conversion fees, out-of-network ATM fees, and any fees charged by the ATM’s owner. Still, having the flexibility to withdraw cash is worth it.

Debit cards also represent a danger while you’re traveling. If someone is able to steal your card, or clones the information on it, they can easily empty your bank account.

You’re not likely to be keeping a close eye on your bank account while you’re on vacation, so you might not notice until it’s too late.

Try to keep your debit card on your person or locked up in your hotel room at all times. Ideally, keep it in a pocket sealed with a button or zipper to make pickpocketing difficult.

Traveler’s Checks

Traveler’s checks are a good emergency backup source of cash while you’re traveling.

To get a traveler’s check, you’ll need to speak to your bank or a popular issuer like American Express or Visa.

While you’re abroad, you can use a traveler’s check to withdraw cash in the local currency. This can work even if you’re unable to find an ATM that’s working or accepts your debit card.

The downside:

These checks come with fees and don’t get the best conversion rate, so they shouldn’t be used as the default plan. Instead, consider them a backup.

What to Do if You Lose Your Wallet?

Losing your wallet when you’re living at home is a difficult experience, but losing your wallet while traveling , especially if you’re overseas, can throw a massive wrench in your plans.

While nobody wants to lose their wallet or plans to have it happen, preparing for the possibility can help you minimize the impact it has on your trip.

Before you leave on your trip:

Take inventory of everything in your wallet.

Make a list of each credit, debit, and loyalty card that is in the wallet, as well as anything else that you keep in it such as pictures or notes.

For each of your cards, note the account numbers and the phone numbers on the back of the card.

It might be a good idea to write the list on physical paper and transcribe it to a note on your phone. This list will help you identify whether anything is missing from your wallet if you misplace it for a short time only to find it later.

If you do lose your wallet, the first thing you should do is disable any credit or debit cards that were in the wallet. This is where the list of account numbers and phone numbers comes in handy.

Ask the card issuers to cancel the cards and issue new ones. If possible, see if one or more companies can expedite the card to the place you’re staying. That will get you some access to money for the remainder of your trip.

The next step you should take is to file a police report in the area you lost the wallet. Even if you don’t believe the wallet was stolen, this will start a paper trail, which can come in handy in the future. Plus, if the police find your wallet, they might be able to get it back to you.

Next, contact the local U.S. Embassy.

The Embassy will be able to help you get some money and deal with paperwork related to the loss of your wallet. They can also help you contact someone at home to get help.

When you get back from your trip, you can take your time to get all of your cards replaced and reactivated. If you want to, you can set up fraud alerts with each of the major credit bureaus and get a copy of your credit report.

This will help you fight against any potential identity fraud that someone who found your wallet may perpetrate.

How to Fight Against a Lost Wallet or Theft

It’s not something people like to think about when they travel, but tourists, especially international tourists, are prime targets for pickpockets and other criminals.

You’ll be out of your element and in a location you’re not familiar with, making it more difficult to avoid theft.

The easiest thing you can do to avoid becoming a target is to avoid making yourself an easy or obvious target.

Don’t wear headphones or walk alone at night or in areas you don’t know well.

Don’t flaunt your money or wealth, and generally try to fit in with the locals.

You should also take some measures to insure yourself in the event that you are targeted.

Try to keep some cash and a card separate from your wallet. If your wallet is lost or stolen, you won’t be left completely high and dry.

Also, try to keep your belongings on your person at all times and secure your wallet in a sealed pocket of your jacket.

Traveling can be an amazing experience but dealing with foreign money can be difficult.

Make sure you plan ahead so that you’re prepared to pay for souvenirs, tours, and other things while you travel.

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Bucket list travel on a budget: Expert tips for airfare, loyalty programs, credit card perks and more

Many travelers have their sights set on summer getaways , but with everything from baggage fees to fuel costs impacting the price of a ticket, "Good Morning America" is asking travel experts to share tips for booking bucket list destinations on a budget and finding savings along the way.

Travel expert Nicky Kelvin, senior director of content for The Points Guy, offered his tips for affordable travel techniques.

Where to find the best flight deals

Kelvin encourages travelers to utilize Google Flights and other free price-tracking tools to compare fare prices and snag the best deal.

He also suggests using both the calendar and map features within Google Flights to see which airports, dates and destinations how the lowest fare.

From the Google Flights homepage on a computer, click "explore destinations" and select a departure city without adding a destination. Then zoom out on the map to see the best prices for destinations all over the world.

Get the most out of free travel loyalty programs

Travelers should be earning points for anything and everything that they are buying or booking from airline and hotels to car rentals, Kelvin said.

In addition to the points that can can help travelers earn free flights and hotel stays, Kelvin said to look for extra perks just for joining.

Hyatt rewards, for example, offers all guests free breakfast.

For Thrifty Car Rental and Dollar Car Rental, he said you can add your spouse or domestic partner as an additional driver for free.

Loyalty programs are great for airlines too. JetBlue, for example, allows enrolled customers -- even if they don't have enough points for a flight -- to use points for discounts. Plus, with any airline, as you accumulate points to earn status, you can get free seating upgrades.

Travel credit cards with cash back perks

Along with earning points, travel credit cards give you protection for your trip like insurance to help with lost or damaged baggage and trip cancellation protection

Chase debuts new airport lounge: Gourmet menus, sleek interiors, free facials redefine hospitality for airport travel

As for credit cards, The Points Guy team suggests the Capital One Venture Rewards credit card as an all-around pick -- you get 75,000 miles after meeting your minimum spend in the first three months. Which Kelvin said is a value of over $1,300.

If you're looking to earn the most miles, he said look to the Chase Sapphire Preferred Card.

"You'll earn the most points on all your purchases with this one," he said.

Finally, if you want a credit card with no fee, Kelvin suggested the Bilt Mastercard, which he said is particularly great for renters because you can earn points on what's likely someone's biggest expense.

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Home » Gear » best way to travel with money

How to Hide Money While Traveling (MUST READ! • 2024)

Traveling is fun. Traveling is awesome. Travel is life changing. But it doesn’t mean that travel can’t be dangerous, or that accidents can’t happen.

Whether you are robbed, or you accidentally leave your wallet in a taxi, or misplace your debit card – shit happens! You should ALWAYS have some emergency cash hidden on your body, no matter where you are traveling in the world.

I’ve been traveling the world for 10 years now, and I’ve learned a few tips, tricks, and hacks about hiding money while traveling, and I am going to unleash all of them right now.

Let’s jump into the 8 best ways to hide money while traveling… A few of them will definitely  surprise you.

Best Ways to Hide Cash when Traveling

Tip top tips for traveling with cash, how to hide money when traveling, #1 a secret money belt, #2 hidden pockets , #3 laminated photo album, #4 scarf with hidden pocket, even more ways to stash your cash when travelling, #5 undercover leg wallet, #6 wrist wallet, #7 travellers money belt, #8 in your shoe, #9 inside a water bottle, #10 get insured, faq about the best way to travel with money.

In some countries, like Venezuela, there is a black market exchange rate on cash and this means that if you are to get the best bang for your buck you have to bring cash into the country. And anyway, if you know anything about how travel foreign exchange works , you’ll want to bring cash rather than just relying on ATMs and cards.

Venezuela, in particular, poses a bit of a problem for backpackers as it’s a country with spiraling inflation and a crazy crime rate.

Local thieves know that backpackers have foreign currency on them and with foreign currency worth an absolute fortune in Venezuela, this makes travellers a target.

Whilst travelling across Venezuela, I had a literal pillowcase of Venezuelan bolivars hidden away as well as a few hundred dollars which I kept on me at all times. I knew that I needed to hide my money while traveling in Venezuela and so, whilst in Colombia, I came up with a proper plan to conceal my money whilst traveling.

I decided to split my cash into several different secret places to hide money…

So, how should you carry cash when traveling ? First things first, let me run you through my top tips for keeping your cash safe in general and then I’ll introduce you to the best ways to hide your money when traveling…

Tip #1 – Split up your money

To avoid losing everything, split up your money into three locations. There are lots of places to hide money when traveling but if you just hide everything in one spot, you could really screw yourself over. I recommend having some money in a travel security belt and the rest in a couple of other concealed places on your body…

Tip #2 – On-body storage is best

Hide your cash on you when you are traveling. Try to avoid having your money hidden away in your backpack, whilst this will often be OK it only needs to go wrong once. A friend of mine had a thousand bucks stolen from his backpack, it sucked.

Tip #3 – Be ready with small bills

Try to avoid flashing your cash and instead be ready with small bills. 99% of the time, the world is a very safe place to travel in. You can get that percentage up to 99.9% if you are smart – don’t make it obvious that you are traveling with cash.

Tip #4 – Use a dummy wallet

If you are in a ‘shit I’m about to be mugged’ situation, it helps if you have something you can surrender willingly. Enter the dummy wallet – a pre-prepared wallet with just a few bucks in it and some old library, or other largely useless, cards. You can hand this over knowing that your money is safely hidden away.

I tend to travel with a dummy wallet, in which I keep small bills for day to day shenanigans and another proper wallet which rarely leaves my accommodation. I simply top up the dummy wallet as I go, this is also a fairly helpful tip for budget backpacking !

If you need to take more money out on the town, no worries, there are lots of ways to keep your money safe while travelling…  The best ways to stash your cash while travelling all have one thing in common – you should hide your money on your body.

There are a ton of travel security products out there which are absolutely god-damn useless. Travel money belts and security neck pouches are useful for keeping your passport and money together in airports but are NOT a good idea if you are travelling through a country like Venezuela, Mexico,or South Africa.

Travel money belts are a step up from carrying all your money in a wallet as it’s not as easy to pickpocket a travel money belt. Unfortunately, travel money belts are super obvious to the trained eye which means that if a thief tries for a proper mugging, your hidden money will not remain hidden for long.

I hasten to add – the world really is a safe place, it just makes sense to properly hide your money when travelling. Most of the time, thieves will only strike when they can see a target.

Luckily, there are some travel security options out there which are a lot more subtle than the average money belt. I recommend picking up a travel security belt – it’s the best way to carry cash when traveling. When I traveled through Venezuela, I had my money hidden in three places…

I’ve been using these security belts for over 7 years and they are hands down  the best way to hide money on your body. With it, just like me, you’ll be able to travel around the world,  stress-free. 

Over the years I’ve bought a ton of different types of belts and learned quickly most of them are cheap knockoffs. Frankly, most of them suck.

Which is exactly  why  I recommend a Security Belt.

This is the best way to conceal money. Period. Believe me, knowing that you have some spare money stashed in your belt is extremely satisfying, and will give you some much-deserved peace of mind. I’ve travelled with a lot of cash on me, through Iran, Pakistan, Colombia and all over South East Asia thanks to this belt. This travel security belt is my number one alternative to a traditional money belt.

I never travel without it.

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Now, for just $30, get a lifetime membership that entitles you to 10% OFF on most items, access to their trade-in scheme and discount rentals .

I sewed a bunch of hidden pockets into my trousers years ago and these are a great way to hide your passport and some money.

Remember, you want to split up your cash so that if one of your ways to hide money is discovered, you don’t lose everything. I think it is very unlikely that the security belt above would ever be discovered and the hidden pockets are also pretty damn sneaky – until someone pats you down.

If you are really paranoid, read on to check out this, broke backpacker friendly, way to conceal money while traveling. You can easily make these yourself or you can buy some ready-made pockets and just sew them in and they make a great place to hide money.

A few times now, I’ve taken my emergency money and placed it between two photographs of my family back home. I then laminate the two photos, back to back, with the money hidden in between. I do this a few times to create a photo album. This is a GREAT way to hide money in plain sight and is a truly secret way to conceal your cash…

A personal photo album is extremely unstealable and I figure that even if you were mugged, you could ask for the photo album back and be in with a pretty good chance of having your hidden cash handed straight back to you.

For all you ladies out there – perhaps this scarf with its hidden pocket is the best way for you to hide your money while traveling. The only problem is that scarves are pretty damn easy to lose so I’m not sure if it would be a safe place to hide cash.

The best ways to hide money while traveling are the ones that require the least amount of messing around – hide your money in a belt, or in a leg wallet (see below), and boom – job done, you don’t have to worry about it as it’s strapped to your body.

There are also some bra money belts on the market but, for obvious reasons, I haven’t tested these. Still, a hidden wallet in a scarf might be a good option for hiding a small amount of money on a night out.

If you’re looking for more nifty ways to stash your cash on the road, check out these options…

If you are carrying large amounts of cash then an undercover leg wallet is a good way to conceal your travel money. The undercover leg wallet is the best body wallet I’ve come across so far and a decent way to hide money while travelling.

If you are patted down though, I reckon there is a 50% chance that it will be noticed. The other problem is, and I speak from experience, that they get pretty uncomfortable – especially if you are somewhere hot. Prepare for a mighty sweaty leg!

Now, you  could spend a fat chunk of $$$ on the WRONG present for someone. Wrong size hiking boots, wrong fit backpack, wrong shape sleeping bag… As any adventurer will tell you, gear is a personal choice.

So give the adventurer in your life the gift of convenience: buy them an REI Co-op gift card!  REI is The Broke Backpacker’s retailer of choice for ALL things outdoors, and an REI gift card is the perfect present you can buy from them. And then you won’t have to keep the receipt. 😉

Whilst wrist wallets for travel are a viable way for you to carry cash abroad they are not exactly subtle and even somebody with just one eye is likely to spot that you have something on your wrist.

Some wrist wallets are better than others, I met a girl in India who had made one herself from a large piece of leather and it basically looked like a bracelet but most of the options available to buy online are fairly obviously hidden wallets.

The whole point of a hidden wallet is that it’s a subtle place to hide your money. Wrist wallets are handy for runners or perhaps a night out but not really a viable solution to hiding large amounts of money while traveling. Still, the link below takes you to the best one I found…

Whilst I don’t use a money belt outside of airports, it is a popular way to hide money. There’s a lot of great money belts on the market so if you are going to get one then make sure it has RFID protection built-in. The best money belts for travelling are comfortable and crucially, not too fat.

The main advantage of money belts over the security belt, which is my first choice, is that you can keep your passport in there as well. When I’m catching a flight or crossing borders, I do often use my money belt as it’s the most accessible place to keep my passport, debit cards, hidden money and photos for visas.

However, I would not ever recommend wandering around streets, bars, museums or anywhere besides an airport or border crossing with your money belt on – if there is real crime in the area you are travelling than a money belt is only marginally better than a wallet as anybody who is determined to get your money will probably know where to look.

I’ve been using a security belt like this for years and it’s the most comfortable money belt I’ve used and crucially, it ain’t too fat.

You can also simply stash your cash in your shoes! An oldie but a goodie, backpackers have been hiding money in shoes since the dawn of time. The only problem is that your money may endure a bit of wear and tear and eventually end up stinking of feet. Still, even a foot scented dollar bill is perfectly acceptable currency in most parts of the world.

To our knowledge, there isn’t currently any footwear on the market with a secret stash flap under the soul. Not even the best backpacker shoes have thought of this yet!

Here me out here! I know what I’m talking about and I’ve tried this one myself! These days, many travellers travel with a re-usable water bottle with a proper shell – you know, a non-transparent one that you can’t see inside.

The trick is, to fill the water bottle with up, package your cash inside a tight, sealable zipper bag, and push it down to the bottom of the bottle. Of course, your water may taste a bit plasticy. This is not one I use for a day to day stashing but for special occasions such as bus rides and border crossings. Just keep your water bottle close to you at all times.

Why Should You Travel with a Water Bottle?

Whilst there’s a lot that we can do when it comes to traveling responsibly , reducing your plastic consumption is one of the easiest and most impactful things you can do. Don’t buy one-use water bottles, don’t take plastic shopping bags, and forget straws. All of this just ends up in landfill or in the ocean.

Travel insurance can really pull your ass out of the fire in a jam; it’s pulled my ass out of the fire no short number of times. I’ll tell you the same thing I tell every traveler: if you can’t afford travel insurance, then you shouldn’t be traveling.

ALWAYS sort out your backpacker insurance before your trip. There’s plenty to choose from in that department, but a good place to start is Safety Wing .

They offer month-to-month payments, no lock-in contracts, and require absolutely no itineraries: that’s the exact kind of insurance long-term travellers and digital nomads need.

SafetyWing is cheap, easy, and admin-free: just sign up lickety-split so you can get back to it!

Click the button below to learn more about SafetyWing’s setup or read our insider review for the full tasty scoop.

Still have some questions? No problem! We’ve listed and answered the most commonly asked questions below. Here’s what people usually want to know:

Is it best to travel with cash or card?

This always depends on the destination, but having an emergency cash stash is never a bad idea. Multiple credit cards are also recommended in case you lose one of them.

How can I travel with a lot of money?

Knowing how to hide your cash when travelling is essential. These are our favorite hiding places: – Security belt with hidden wallet – Hidden pockets – Undercover leg wallet

Should you travel with cash only?

Travelling around with loads of cash can be incredibly risky as it’s hard to hide, yet easy to steal. We recommend only keeping a few emergency notes and a bit of pocket money.

What is the safest way to travel with money?

If you’re travelling, make sure to reach out to your bank beforehand and ask about what to do in a credit card emergency. Blocking and unblocking a card can be a real pain in the butt, so be prepared.

Our GREATEST Travel Secrets…

Pop your email here & get the original Broke Backpacker Bible for FREE.

My Top Recommendation For Hiding Your Money When Traveling

There are lots of ways to carry cash when traveling, for me though the answer is pretty obvious. The travel security belt is the best way to carry cash when traveling. It’s simple – stick your money in there and forget about it, your hidden cash is literally around your waist so unless you lose your trousers you are all good.

The belt itself is not flashy and not steal-able and the zip is only visible if you flip it over, which you can’t really do whilst it’s in the belt loops.

Hands down, this travel belt wallet is the best way to hide cash when traveling.

I’m fairly confident that you could be kidnapped and strip-searched and your hidden money would still not be discovered. Remember though, always hedge your bets and split your money into a couple of places, just in case.

The safest option is to combine the travel security belt wallet with some hidden pockets or the concealed leg wallet.

And for transparency’s sake, please know that some of the links in our content are affiliate links . That means that if you book your accommodation, buy your gear, or sort your insurance through our link, we earn a small commission (at no extra cost to you). That said, we only link to the gear we trust and never recommend services we don’t believe are up to scratch. Again, thank you!

Aiden Freeborn

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50 Comments

Before our trip to SE Asia i sewed pockets in the front of all my husband’s underwear. They were of stretchy material. I cut up an old pair and color cordinated. We brought a lot of cash and spent 4 months there. Worked great! Got wet from time to time but hey it dried.

I have the sports bras with pockets from Amazon. Love them!! Comfy, no irritation from items between the girls, no soggy money, good support. I’ve used them on a Caribbean cruise and a RunDisney race. Was able to stuff my credit card, ID, slim pill case, two goos, chap stick, tissues, and poncho down there with no chafing. Ladies, buy them now! Men, be jealous.

Firstly thanks Will Hatton for the article. Three main places on your body is correct for storing your cash. As devices go, the #1 device really is the #1 device. I’ve used the same security belt for over 25yrs and it works. My wife still hasn’t found it! True! The best place to store your largest denomination notes. Folded and interleaved along the length of the belt so there’s no discernable ‘thick’ section in the belt. #2 best thing is a sacrificial wallet. An old ‘actual’ wallet filled with smallest denomination notes and some expired ATM / Credit cards. You keep this wallet attached to the inside of your back pocket with a piece of strong string and a safety pin. A nice wallet itself can cost you quite a bit in your home currency so you don’t want to sacrifice a good one. You use this wallet when in public view. Pay for small things, give tips, etc. The string helps you to not lose it in taxis etc when you sit down or forget it when you put it down somewhere. If your wallet is demanded with a weapon, just had it over and un-clip it. They run. And you get away. They get a little cash and useless cards. You escape unharmed. The cash they got amounts to not much in your home currency. #3 Keep your intermediate notes that you MUST carry in your ‘good’ wallet. Keep also a copy of your passport identity page and visa, and some vital phone numbers. Put them in a secret compartment pocket inside your trousers / walking shorts and positioned between your upper leg and groin, in the cleft at the front of your body there. Not being rude. That’s the place that’s hard to pick-pocket and is usually not found except by pat-down professionals eg police – and even police can be corrupt thieves. I had to pay 500,000 Rp to Jakarta police some years ago because they demanded it and threatened harm to my wife’s family if I reported them. She is from that country, I’m not. The 500k Rp = about 60AUD at that time so I just let them have it. The laminated photo album seems a nice idea but results in another bulky item to carry around when you’re trying to save on luggage weight. If you must carry your passport, put it in ANOTHER secret container that protects it from being crushed or getting wet. Carry it close to your body under your shirt, between hip and chest. It is worth more than most of the money in your intermediate wallet! If your passport is lost, stolen or badly damaged, it is VERY expensive, difficult, painful and troublesome to try to replace it and your VISA in it, whilst in a Foreign country! The other most important thing is not a device but a strategy. Be organised and always vigilant. Be mindful of your location, time of day and those around you. Most thieves are opportunistic amateurs and full of fear. Don’t make yourself an easy target and don’t provide an opportunity. eg don’t pick a bad time and location for an ATM visit. If you suspect your being followed, suddenly get into a taxi and leave that location or go to a crowded place where opportunity to steal from you is low. ** Happy Travels **

Has anyone though of using the female TAMPON tube ?

The scarf tip is so nice! Thanks for this content! 🙂

after several years traveling. and loosing some money!as a woman I made a special security money belt for myself . i absolutely recomend the Waist one and hidden pockets. money will stick with your body! and you can easily go any where (WC..esp!) but i am still thinking a bout when swiming in the sea ! i used to put them in condoms and hide them in my bra :)). it works.

Hmmm, I don’t have a bra, but maybe I could stuff them down my cossies?

I often carry a lot of cash…….

I’m a transgender man. In our community it’s fairly common to “pack” something in one’s pants, usually a prosthetic or a sock, & imho it’s not an awful way to hide cash—you can search “ftm packing tips” for ways to keep it from falling out, keep it out of contact with your body, etc. Crafty sorts will sew pockets in & there are instructions online on how. However, if you’re already well endowed, hiding much cash in that area could cause you to look excited. Usually the rule of thumb for ftms without much going on down there is no more than two socks’ worth of bulk—and socks compress better than dollar bills.

The only time I’ve heard of someone noticing this is at gay bars and professional pat downs. So if you’re going somewhere where people might grab your crotch, it’s not secure. If you don’t sew in a pocket or sew a y-front closed it’s also very possible for it to fall out—usually when you’re running or jumping (at the gym, trying to catch a bus, etc).

Great Info I Been a Backpacker for 25+ years on and off 100+ countries – Used to use a belt but thats gone way of the dodo – best ways are still what you suggest above But this 3 place method – Up that to like 10 places – money gets nicked from Hotel rooms especilly some of the budget places i stayed world wide

Hide money – in wash Bag ( leave bag open with stuff in it ) some one looks doubt they nick old toothpaste Day sack – 2 places Main Backpack 2-3 places in shoes dirty socks are great place or bottom wash bag and also when walk around as mentioned small amounts in one pocket then rest in few other pockets or day sack – I even fold up a $100 bill hide in hat or camera case – behind phone if in a case then when get home you might even find a bonus $100 – Fake wallet and finished credit cards – been doing for 20 years nothing changed Also watch for Bag slashers – they fix a razor blade to a pencil and expertly can slash pockets and bags nick whats inside and you can be Unaware – be bag aware always –

No 1 way i found people get robbed wrong place wrong time _ avoid dark Parks (ie Quito) – dont buy drugs i met lats people got robbed doing that -(or careful if do i guess)

3 years non stop in latin america only theft was person entered room when asleep – i woke and as he climbed window got his shoe –

Me and my girlfriend are planning to travel next year and have all these tips to thinks about..makes me nervous when it comes to keeping things like money safe etc so these tips are really helpful! Thank you x

The belt looked like a good idea. Thanks. I just bought one.

Wow! Amazing post…

Read the book “Papillon”, and see where Papillon stashed his cash while on Devil’s Island! I won’t go into details, but that cash could NEVER get stolen!!!

Hey will, thanks for sharing this hacks buddy. Your tips will really help us to hide money perfectly. Keep posting this type of helpful post… 🙂

Security belt with a hidden wallet never heard before. Definitely try by myself.

Wow, your review absolutely starred on my history. Thank you so much for the complete guide, tips and tricks, hotel and route and more, and surely it’s beneficial for my next trip to India.

Cool and very creative ideas to hide money! Will keep these in mind for my next travel! Cheers

I have tried the money belt.

The problem I then came across was that after a while travelling in hot sticky countries the bills end up with permanent folds and sometimes a bit ragged on the edges. Putting them in a sealable pastic bag helped.

After that it can can very difficult to exchange the notes.

Your ideas are all great! I will try it soon. Thanks for posting!

Awesome! Do you recommend any tracker that can be attached to a wallet? Thanks.

I’ve not tried one personally so have no recommendation to offer I’m afraid, cool idea to find your cash though!

This is very useful for traveling alone!

For woman there are little pouches that clip onto the middle of your bra, they’re pretty small but great for something like a card.

Thank you for this write-up, it has really helped me. I will be setting off on a month-long trip to Mozambique, and will, unfortunately, be carrying a whole load of cash. Unfortunately, cards and ATM’s are far from plentiful if you go further North.

Carrying this cash was a major source of stress, but now that I have a plan I’m feeling a whole lot better about it. Thanks again!!

Pickpocketing is one of the oldest and most widespread crimes in the world. A skilled pickpocket can make off with just as much money as an armed robber, without much danger of confrontation or risk of being identified in a line-up. In most cases the thief was long gone by the time the victim realizes what has happened. The security belt is really cool, I’ve never seen that before. You cash is well hiding.

Tip #4 is your best tip and one I have used myself. Just make sure the dummy wallet contains some cash and preferably a fake card. There’s nothing worse than an angry thief.

It’s best to hide ALL your money on at least one area of your body rather than in a hotel room where a hotel worker may have access. I like the belt and wallet wrapped around the waste as those wallets can usually hold more money and you can hide them nicely under a shirt.

You’re brave travelling to Venezuela which has one of the highest murder rates in the world.

What a great post about such a useful subject. This should really assist people when traveling.

Cheers Sharon…

Everything on this list is a must-have,haha! Thank you for sharing them. One of my favorites is that scarf and the wrist it’s kinda stylish at the same time. Anyways, great post!

Priceless tips! Thanks for unveiling your secret weapon, the security belt with a wallet is genius! I used to be too careless about my money until I was first robbed. That was a real bummer. But it taught me to be cautious and since then, I always split money while travelling. I’m going to try out your tricks during my next travel. A dummy wallet is a very good point.

Emergency cash hidden in a secret pocket in pants is great but just remember it’s there when you send your washing out. I made this mistake but luckily it was all returned by the honest and laughing laundry people.

Wow, some great advice. This is always my biggest stress when traveling, particularly in more rural areas where the next ATM could end up being days away.

The belt looks really great. definitely going to invest in one of those. You know if there are any leather alternatives, I love a brown leather belt?

Good post. Keep writing.

Wow! Really interesting. I love your all fantastic idea! I usually hide most of my money in my underwear and some often in the little pocket in my workout pants. I think it is safe and comfortable.

the inseams of clothes. behind the belt. on the bottom of your pants… even shirt collars. you just cut a whole and insert. traveld vz twice this year. never discovered. I’m going to make a custom belt in colombia.

Until now, I didn’t try anything of these great hacks to hide money on the body.

I want to know if i can use tbc coin to pay for my ticket

Send me BTC and I’ll send you whatever ticket you want mate.

Looking at that first pic and thinking, how do you hide such a pile of Venezuelan Bolivars in your belt? LOL.

Wow! I love the fake wallet idea! I´m heading to South America very soon, and it would probably be a good idea to have a fake wallet there. I normally hide most of my money in my sports bra and some often in the little pocket in my workout pants (they’re good to have when it´s hot outside too). But I will definitely take these advices with me on future travels, so thanks!

Will, that first picture of you holding a pile of notes and $100, you carried them all while walking around!? That’s a huge pile. I wouldn’t think its possible.

The dummy wallet is genius; I am definitely using this insurance technique. I used to use a money belt but like you say, its just a step higher than a wallet.

Yeah man – you get SO MANY notes for the USD that you will end carrying a pillowcase of cash around; that’s what I was doing – just hide it well! 🙂

I like the wrist wallet idea.

And the scarf is ultra ninja.

We made a leather belt with a small hidden pocket in the lining but you can’t get a lot into it.

I might look into making the wrist wallet out of leather, make it look like a bracelet.

Thanks for the ideas.

Nice one Will!

I’ve used a variety of methods, I even used to have a sort of arm wallet, but I would use that for clubbing, back in the day ‘cos it was far up my arm not to lose and trendy enough to still look good…!

My favourite method is the moneybelt which I used during my Gapyear. I just wore it under my jeans, and for extra security, pinned it on using safety pins. Very handy for those dodgy rooms where you know for a fact that you can’t leave your passport there..I’ve also been known to stuff some money down my sock.

I have big feet, so that usually works quite well!

I already use some of these tips, but I’ll certainly try other ones. Anyway, most of the times I prefer to use a credit or bank card. Thank you!

I used to buy a book like dictionary to hide my money or in the shoes, It doesn’t save up much but it’s something will let me catch a taxi. Thanks for great guide to show me more ways to save my money when bad things happen 🙂

These tips are simply awesome! I will definitely try some of them on my next travels! Thanks!

Always like the shoe idea! Also, for the fake wallet one. A good amount of money to have in those is about 10-30 dollars (at least in the US) so that it’s enough money for the criminal to be satisfied with you but you aren’t losing a ton of money if you’re robbed either.

Wow, Will! You have come up with so many creative methods. I never would have thought of most of these, so my hat’s off to the inventors.

Love that shoe full of hundreds illustration. 🙂

Haha how cool you are the first other person i heared about with a fake wallet. I do this for yeares and still people are suprised about something so simple. And i was really happy to have some hidden money in my backpack when someone stole my onbody money in a train in China.

Wow! Great ways to hide your money on your body! I haven’t tried any of these. I normally keep all my money, cards and all the other important documents together in a wallet, but I really like the idea of a dummy wallet. I think it’s a smart thing to do while traveling.

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Best Ways to Take Money Abroad in 2024

Got upcoming international travel? Whether you’re off on vacation, taking a work trip, visiting friends and family - or even moving overseas for the longer term - it’s important to know how to securely spend in foreign currencies. The good news is that there’s no right or wrong way of taking money abroad. It’ll all depend on your preferences, where you’re headed and how long you plan to be away.

Read on as we explore 4 possible ways to take money abroad, including their benefits and drawbacks, to help you pick the right way for you. 

Best ways to spend money overseas

In this guide we’ll walk through 4 of the most practical and popular ways to take money abroad, including our top picks for providers to look at, pros and cons. Here are the common ways to pay overseas that we’ll investigate:

Prepaid Travel Card

Travel Debit Card

Travel credit card

Prepaid travel cards to use abroad

Ideal for: adding money conveniently in USD, and converting between currencies anytime in an app, before spending and making withdrawals in the currency you need wherever you’re headed

Prepaid travel cards can be ordered online from a specialist service, or in some cases from a bank. Your card will be linked to a digital account so you can easily add money in USD, before switching over to the currency or currencies you need for your trip. Different cards have their own features - in some cases you can leave your money in dollars, and the card will just automatically convert to the required currency wherever you are at the point of payment. Other times you’ll need to switch over your balance to the currency or currencies you need to avoid extra costs when paying or making withdrawals.

For a flexible solution look at prepaid travel cards which support a broad selection of major currencies. If you also choose a card with no inactivity fee and no ongoing charges, you can keep the card after your first overseas trip, and the next time you’re planning on going abroad just top up again for convenient spending wherever you are.

Wise - good value prepaid travel card

With this card:

• Hold and exchange 40+ currencies in your linked Wise account
• No annual or monthly fees to pay, and no minimum balance requirement
• Currency exchange uses the mid-market rate with no markup
• Some free ATM withdrawals available every month
• Receive payments to your Wise account in multiple currencies conveniently 

Pros and cons of spending money abroad with a prepaid travel card

• Convenient for both spending and cash withdrawals
• Secure as not linked to your everyday USD account
• Many cards support a selection of major currencies so you can use them for lots of trips abroad
• Cards are often available with no ongoing fees to pay
• Currency exchange may have better rates than a bank will offer
• Less common foreign currencies may not be supported for holding and exchange
• ATM fees may apply, depending on the card you pick
• Some cards charge a fee if you spend in an unsupported currency, or if you spend a currency you don’t hold in your account already

Travel debit cards to use abroad

Ideal for: convenient spending and withdrawals when you’re overseas with travel friendly perks and no interest or late payment penalty fees

Travel debit cards vary a lot depending on the provider you pick - but they’ll be optimized for international spending and also often offer travel perks and benefits, like insurance or airport lounge access. You can also keep costs down in many cases with a card that has low or no foreign transaction fees . 

The most flexible travel debit cards come with a multi-currency digital account which can hold and exchange dozens of currencies. You’ll need to load a balance before you spend - unlike with a credit card - but then your card will be accepted pretty much anywhere the network is supported internationally. Some cards have ongoing fees, but in many cases this does mean you get a suite of extra benefits in return.

We’ll go into more detail about our top pick for a travel debit card - Revolut - next.

Revolut - our pick for travel debit card

• Hold and exchange 25+ currencies, free to spend currencies you hold
• Choose the account plan that suits your needs and spending, including some with no monthly fees
• Some fee free ATM withdrawals and currency exchange with the mid-market rate, based on the account tier you choose
• Extra perks like accounts for under 18s
• Travel benefits offered for some account plans

Pros and cons of taking money abroad with a travel debit card

• Convenient and safe as you won’t need to carry a lot of cash at any one time
• Many cards come with linked accounts you can use to hold a selection of foreign currencies
• No interest or penalty fees - just top up the amount you want to spend and you’re done
• Not connected to your main USD account, adding a layer of security when you’re overseas
• Some transaction fees usually apply
• Not all foreign currencies are likely to be covered by all cards - check the currency or currencies you need are supported
• Some cards have monthly fees to pay to get full feature access

Taking cash abroad for travel

Ideal for: day to day spending where cards aren’t accepted - tipping, taking a taxi, shopping in a market - and for use in some foreign countries where cash is still very commonly used

How commonly cash is used varies greatly from one country to another. In some places card payments are accepted for pretty much anything - but in many others, cash is still king. As you might expect, developing countries where people may have more limited access to banking services commonly use cash far more than cards. However, it’s not a simple question of access to banking or the wealth of a nation. People in some very developed countries - like Japan - still prefer cash for a surprising proportion of payments, for example. 

You’ll be able to learn more about how much cash is used in your destination with a little online research.

Generally, having some cash is a sensible move, if only as a back up plan for any time your card can’t be used. You can sort out your travel money at home before you travel if you like, or carry USD cash with you, and exchange it with money changers once you arrive. But it’s a balance - carrying a lot of cash at any one time isn’t great for security reasons, so usually taking a little, and using ATM withdrawals when you need more is a good choice. Plus, exchanging money in person will take precious time out either before you travel or while you should be enjoying your vacation - and you may struggle to find many exchange services in smaller towns and rural areas. 

Do I need cash abroad?

Wherever you’re heading, you’ll probably want to have a little cash with you, for tipping and small purchases among other things. 

A flexible and secure way to get cash - pretty much globally - is to use a prepaid card or travel debit card to make ATM withdrawals. Choose a card on a popular global network like Visa or Mastercard for the most available ATMs, and see if you can find a card you like which also offers low or no fees for currency conversion and ATM withdrawals.

How to buy the currency or currencies needed abroad?

You’ll usually be able to exchange a major currency like USD with physical money changing services found in major cities, tourist areas, airports and railway stations.

Bear in mind that you’ll need to check and compare the exchange rates and fees available before you switch your dollars for the currency you need. Some places which rely on passing trade, or which have little competition can add high fees into the rates available. Steering clear of airport and hotel exchange services is usually a smart plan if you have time to go to the city center instead.

How to buy foreign currencies in the US?

If you choose to, you can also often exchange USD to the currency you need in advance in the US. How easy this is will depend on where you’re headed, but major foreign currencies are held by a service like CXI which has 90+ US branches and also allows you to order whatever you need online for collection or delivery. Fees and exchange rate markups may apply, so do compare your options before you commit.

Best places to get cash overseas

There’s no single best place to get your travel cash - it’ll all depend on where you’re heading and how good a rate you can find either at home or on arrival. Compare a few options and bear in mind that it’s usually worth avoiding currency exchange in the airport or in your hotel.

Check our detailed guides on where to get foreign currencies in the US: 

Pros and cons of taking cash abroad

• Great for tipping, shopping in markets and other times only cash will do
• Convert in advance or take dollars and switch on arrival
• Set your budget in advance so you know exactly what you have to spend
• Carrying a lot of cash isn't safe - tourists are often targeted by petty thieves
• You’ll have to invest time during your break or in advance, shopping round to get a good deal
• Exchange rates vary widely and usually include a markup - an extra fee

Travel credit cards to use abroad

Ideal for: easy spending where cards are accepted, often with extra rewards when you spend overseas - plus sometimes only a credit card will do, such as when hiring a vehicle

Travel credit cards can be used as conveniently as any other credit card. The main difference is that they usually have specific features which make them good for overseas use, like extra reward points, cashback or miles when you spend in foreign currencies. Some cards also have low or no foreign transaction fees , discounts on travel bookings, or complimentary insurance.

Credit cards are handy if you want to spread the costs of your overseas trip. But bear in mind this will ultimately mean you spend more as interest fees will apply.

Generally, having a credit card with you when you’re abroad is a good option, even if you don’t use it that frequently. There are some times when you’ll be asked for a credit card as a payment guarantee, such as when you check into a hotel or rent a car. If you don’t have a handy credit card you might need to give a large sum of cash as guarantee instead, which isn’t good for your budget.

Capital One Venture Rewards - our pick for travel credit card

• Check if you’ll be pre-approved online to get a card quickly
• 95 USD annual fee
• No foreign transaction or currency conversion fees
• Make ATM withdrawals overseas with relatively low 3% cash advance fees
• Earn rewards you can trade for travel benefits later

Pros and cons of spending with travel credit cards abroad

• Earn rewards and discounts, or get travel perks - depending on the card you pick
• Spread your costs out over a few months
• Some cards have low or no foreign transaction fees
• Credit cards are useful as a payment guarantee in some situations
• Interest and fees usually apply if you don’t pay back your bill immediately
• Cash advance and interest costs apply when using an ATM
• Eligibility rules apply

Travel requirements from the US when heading abroad

It’s important to know the travel requirements for the specific country or countries you’re going to. You’ll always need a valid passport, which may need to be valid for a further 6 or more months from the time you leave. But in some cases you’ll also need a visa, or proof of certain vaccinations, to be allowed to enter a country, cross a border or get on a flight.

Visa waivers are in place to allow limited tourist visits for US travelers to many countries worldwide. However, even where you don’t need a visa you might need to apply for an electronic visa waiver in advance. Bear in mind also that where a visa is needed it may not be an instant application process. Getting everything organized well in advance is essential. If you don’t have the paperwork needed to hand when you travel you may not even be allowed to board your plane.

Check the State Department’s ‘ Before you go ’ travel pages to learn more, including detailed advisories and information for US visitors. You can also sign up to the STEP program which allows you to highlight the countries you may travel to and get direct travel updates if there are any safety alerts issued.

Do foreign countries accept US dollars?

Generally you won’t be able to spend USD when you’re overseas. That means that if you’re carrying dollars with you you'll need to exchange them for the local currency wherever you are.

There are a few exceptions, including a handful of countries where USD is the official currency, or where USD is used alongside the local currency. As a major global currency, you may also find that individual merchants or tour operators are happy to accept USD payments in some places, particularly where the local currency is unstable.

Double check to see if USD is an official or commonly used currency where you’re headed, and bear in mind that if an individual merchant agrees to let you pay in USD, they’ll pick the exchange rate they want to use to convert their prices. This could include high fees. In most cases where this happens, paying in the local currency is a better bet. 

Best currency to take abroad

If you’re planning on exchanging cash abroad you’ll be fine to carry USD in clean and undamaged notes. However, you’ll need to double check the currency or currencies you need if you’re going to exchange in advance of travel. 

Best ways to take money to Europe 🇪🇺 | Best ways to take money to Japan  🇯🇵 | Best ways to take money to Italy 🇮🇹 | Best ways to take money to Bali Indonesia 🇮🇩

Top travel money tips abroad

Here are a few final tips to help your money go further while you’re away:

• Double check the currency you need for each destination you’re visiting, there are close to 180 different currencies in use abroad!
• Have several different payment methods in case one isn't accepted wherever you are
• Get a travel money card before you leave to make it easier and cheaper to spend and withdraw abroad

How much money do I need per day abroad?

Setting your travel budget can be tricky. Prices vary widely for hotels, travel, attractions and food. However, you’ll be able to get useful information online to help you work out how much you might need to spend to have the trip of your dreams.

A good place to start your research and to get more detailed cost information by country and city, is from a site like Numbeo.com . Numbeo aggregates pricing data from people living in thousands of cities globally, so you can easily see how much things are likely to cost wherever you’re headed, and plan your budget.

Conclusion: What is the best way to take money on holiday abroad

The best way to take money abroad is going to vary a lot depending on where you’re going and what you plan to do.

In fact, for most people, having several different ways to pay while you’re overseas makes sense. That way you’ll have a back up plan if one payment method isn’t accepted, or in the nightmare scenario that one of your payment cards is lost or stolen. 

Consider getting a travel card - such as a prepaid travel card from Wise or a travel debit card from Revolut - to convert currencies, spend and make withdrawals. You can also pack your regular debit or credit card for emergencies, and a little cash. If you have cards which have been issued on different networks this approach can be even more effective, as some card networks which are popular in the US like Discover and Amex aren’t as commonly used globally.

Use this guide to decide which option to take money abroad will work best for you, based on your own preferences and needs.

FAQs - Best ways for travel money

Should i exchange money before i travel abroad.

You won’t necessarily need to exchange money before you travel - making a cash withdrawal at an ATM on arrival in your destination can also work well, and may be better value overall if you have a travel card from a provider like Wise or Revolut. If you’d prefer to carry cash when you leave, shop around to find the best exchange rates for the currency or currencies you need. Learn more: Best ways to buy foreign currency for travel

Can I withdraw foreign currencies from a local ATM?

You can’t withdraw any foreign currency at a normal ATM in the US, but you’ll be able to get the local currency wherever you are on arrival easily. Use a travel card and your withdrawal may even be free. Learn more: How to avoid international ATM fees

Are prepaid travel cards a good way to take money abroad?

Travel prepaid cards from services like Wise have some great features like multi-currency balances and low or no ATM fees. They can also be a safe way to spend when abroad - consider getting a travel prepaid card to use alongside your other preferred payment methods, to bring down the costs of your trip.

Can I use cash abroad?

Yes. It’s unusual - although not unheard of - to find places where you can’t use cash. Having some cash in local currency, and a travel card, is a good way to make sure you’ll be able to pay no matter what happens.

What's the Best Way to Bring Spending Money to the UK?

A Look at the Pros and Cons for Convenience, Value and Spending Power

Yagi Studio/Getty Images 

The pound Sterling (£), sometimes just called " Sterling ", is the official currency of the UK . You can change your money into pounds in different ways, but you can't actually spend your own national currency, not even Euros , without exchanging it first.

As soon as you start planning your trip, start thinking about how you'll handle your spending money in the UK. Leave yourself enough time to consider the convenience, security and value of various options and to open new bank or credit card accounts if necessary.

These are the choices:

1. credit and debit cards - the easiest and the cheapest.

These are, hands down, the cheapest and most convenient way to pay for things and to get cash in the UK as long as you use them correctly. Consider the pros and cons.

• Credit card companies apply a wholesale/interbank exchange rate in effect when your payment is processed. The rate will go up and down but it will always be a commercial rate, available to banks and large organizations—much better than the retail currency exchange rates available over the counter to consumers. So you get more for your money.
• Most card companies do not add additional transaction fees on purchases of goods (though they do when you buy cash).
• If you pay your credit card bills before interest is added on, or make sure you have enough money in your debit account to cover your spending, you won't be subject to any extra charges.
• They're widely accepted—You can pay for just about anything with a debit card in the UK, from a carton of milk and the day's newspapers or beer in a pub, to large expensive goods. In the UK, people can even pay their taxes and electricity bills with a debit card.
• Cash machines, or ATMs are everywhere. Most village high streets will have a selection of automated teller machines. They're available at petrol (gas) stations, in cinemas, at banks and in some shops. This makes getting some cash at any hour of day or night very easy.
• Some cards are not recognized or widely accepted in the UK. You may have difficulty using Diners Club and Discover cards. American Express cards are sometimes refused. Stick with the big two—VISA and MasterCharge—and you shouldn't have any problems.
• Some merchants may require a minimum purchase to accept a credit card. This is especially true in small, local Mom and Pop stores.
• Bank charges may apply. Bank, building society and post office cash machines in the UK (which is most of them) do not apply an extra charge or commission getting cash. But your own bank or card company probably will. It's worth shopping around for the lowest currency transaction charge because this varies from card to card and between issuing banks. You might be charged anywhere from $1.50 to $3.00 or more per foreign currency cash transaction.
• A small number of cash machines do charge for withdrawals and are worth avoiding. Cash machines in small convenience stores and at some motorway rest stops may be part of commercial networks that add extra fees—a minimum of about £1.50 but sometimes a percentage of your transaction. Try to avoid using these machines except in an emergency. Instead look for ATMs associated with the UK's big banks, with building societies (like savings banks) or with leading shops (Harrods,  Marks & Spencer ) and supermarkets. 
• You may need to get a new card to comply with European chip-and-pin standards (more on that below)​.
• One word to the wise —Use your credit card to buy things but use a debit or ATM card for getting cash from ATMs. When you use a credit card for shopping, interest is not charged until after the payment deadline (usually 30 days or the end of the month). But, when you use a credit card at a cash machine, interest starts accruing immediately. With a debit card, as long as you have money in the bank to cover your spending, no interest is charged.

The Chip-and-Pin Issue

The UK, along with most of the rest of the world, has been using chip-and-pin cards for more than a decade. The cards have an embedded microchip and customers are issued a unique, 4-digit PIN number they have to enter in ATMs or at point of sale machines to use their cards.

The USA has been the one holdout, relying instead on cards with magnetic stripes that usually require a signature. All that is finally beginning to change. The EMV (Europay Mastercard VISA) group, who developed the global, open chip and pin smart card technology, have been trying to persuade American merchants and card issuers to change to chip and pin for a long time. In October 2015, to force the issue, they changed their rules. Since then, if a card is used fraudulently, merchants or card issuers who do not participate in the chip and pin protocol will be held liable for the cost of the fraud.

Because of this, EMV chip-and-pin smart cards are becoming more widely available in the USA and older style cards are gradually being replaced to meet the global standard.

What This Means for You

If you already have a chip-and-pin smart card, you won't run into any difficulty using it where your brand of card is accepted. The card reading machines used in shops, banks and post offices will still have a magnetic stripe reader so you can swipe your card on the top or side of the device. 

But if your card requires a signature (either mag stripe and signature or chip and signature cards) you will have problems—especially when no human cashier is present to accept your signature. Without a chip, your card will be rejected by ticket machines (at train stations, for example) and by automated petrol (gasoline) pumps. And even with a chip, you will need a PIN number to use your card with these machines.

To avoid hassles:

• All bank cards and credit cards have a 4-digit PIN number, even if your bank or card issuer has not given it to you. Ask for one for each of your cards before traveling. Then you'll be able to use your card in an ATM or swipe it at a point-of-sale terminal and authorise the transaction with your PIN number.
• Get yourself a chip-and-pin card. Most of the bigger American banks are now offering them or replacing their customers' existing chip and signature cards with chip and pin cards. If your bank does not yet have them available, open an account at a bank that can give you one. 

And the Contactless Issue

Most debit and credit cards issued to UK consumers have a contactless payment feature. If the card has it, there is a symbol that looks like sound waves printed on the card, as pictured above. These cards can be used for payments simply by tapping them on terminals similarly equipped. Very conveniently, these cards can be used just like Oyster Cards for access to London Underground, London buses. London Overground and Docklands Light Railway. Some mobile phone apps that display the contactless logo can also be used to pay small amounts. 

If you are visiting the UK from Canada, Australia or a number of European countries, you may already have one of these contactless cards and you can use them in the UK wherever the contactless symbol is displayed on the payment terminal. As of 2018, US banks began to offer contactless credit and debit cards in partnership with international card issuers. Chase, for example, has offered this form of payment to its customers since February 2018. If you can, get your hands on one of these as its the most convenient way to pay small amounts. If you are able to use a contactless card, keep in mind though, that your transaction will still be subject to whatever foreign exchange transaction fees your bank or card issuer charges.

If you have an iPhone, you may be able to use Apple Pay wherever contactless payments are accepted and for more than the £30 contactless limit. The Apple Pay UK site has a list of some of the main businesses that accept this form of payment at point of sale. 

Traveler's checks.

Traveler's checks were once the gold standard when it came to carrying travel money. And perhaps, in some parts of the world they may still be a safe option, but they are currently the most expensive and most inconvenient option for the UK.

• They are very secure—As long as you keep a record of the check numbers (separate from the checks themselves), and as long as you keep track of the emergency number to call in the country you are visiting, you can get lost or stolen checks replaced quickly, at no extra cost.
• They are available in several currencies including dollars, Euros and pounds sterling.
• They are expensive, possibly the most expensive way to take money abroad in fact. First off, you will usually be charged a fee of one percent of the total value of the checks you buy. If you buy them in a foreign currency—in other words you spend dollars to buy travelers checks in pounds sterling—the seller's retail exchange rate will apply and you may also pay a commission for the currency conversion. If you buy them in dollars, planning to exchange them for local currency when you arrive, you will still be stuck with accepting a retail exchange rate (usually much less advantageous than the interbank rate for the day) and probably a foreign currency commission too.
• They are very inconvenient. In the UK, with the exception of tourist magnets like Harrods , and very expensive hotels, almost none of the shops, restaurants and hotels accept them. In fact, very few stores in the UK accept any kind of check at all. So you will have to seek out bureaux de changes, banks and post offices—during weekday working hours, to cash them. Bureau de change outlets, the European name for commercial currency exchanges, are profit making businesses and usually offer the worst exchange rates. And banks will only cash traveler's checks if they have what is known as a correspondent relationship with the bank that issued them.

3. Prepaid Currency Cards

One way around the chip-and-pin issue is to buy yourself a prepaid currency card, such as the Travelex Cash Passport or the Virgin Money Prepaid MasterCard. These are cards you prepay in either your own currency or the currency you want to spend. Some can be charged up with several currencies at once. The cards are associated with one of the major international card organizations—usually VISA or MasterCard, are embedded with chip-and-pin technology and can be used wherever those credit cards are normally accepted.

• An easy way to chip-and-pin
• Easier to control your spending. You charge up the card with exactly what you want to spend and then use it up like cash.
• Security is assured as long as you protect your PIN number.
• Up front purchase price and higher than average ATM cash fees can add to costs
• Some can only be charged up with additional funds in person in a branch of the business that sold it to you, in your own country.
• Hidden charges—if you leave a balance on the card, planning to use it for another trip abroad or other special purchases, you may find that balance nibbled away by monthly "inactivity" charges. Read the fine print.

​ And one last warning about prepaid cards:

Whatever you do, DO NOT USE these cards to guarantee your hotel or rental car bill or to buy petrol from automated pumps. In these situations, an amount - which can be £200 or £300—will be put on hold to guarantee that you will pay your bill. The problem is, even if you don't spend that much money, it can take as long as 30 days for those funds to be released. Meanwhile, you can't use the money you've put on the card for the rest of your trip. Use your credit card for the guarantees, then settle the bills with the prepaid card.

Then, of course, there's always good old cash—or at least there used to be (see below). You'll want to have some local currency in your wallet for tips , cab fares and small purchases. How much you carry depends on your own spending habits and confidence in carrying cash. As a rule of thumb, plan on carrying about as much in pounds sterling as you might carry in your own currency when at home.

There is a catch. In the UK, espcially the big cities, a small but growing number of businesses—notably cafes and bars—are refusing to accept cash and will only accept card payments. This is still pretty rare, but we were shocked in November, 2018, to offer a £10 note to pay for a coffee and croissant only to be shown a sign that said the restaurant did not accept cash. These days, an internationally accepted credit card is still the safest kind of travel money to have.

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Get Paid To Travel: 5 Ways To Travel While Making Money

G etting paid to travel might seem like some kind of idyllic fantasy, but it may be more within your reach than you realize. The line between working in travel and getting paid to vacation is a thin one, but there are a few creative ways to get paid to travel. While there’s still no such thing as a free lunch, these opportunities offer the best chance to see the world while earning some dough in the process.

Read: What To Do If You Owe Back Taxes to the IRS

Get Paid To Travel: 5 Best Ways

Sometimes daily work can be difficult, but when the globe is your office, you may feel like you never worked a day in your life. Here are five amazing ways to get paid to travel:

• Work as a travel blogger
• Teach English
• Become a social media influencer
• Work on a cruise ship
• Organize a group trip

Whether you enlist in a full-time travel job or are just looking to do some traveling long-term, you can play to your strengths on the road and get paid to travel the world.

1. Work as a Travel Blogger

If you have skills with a camera or the written word, you can look into how to publish some of the blog posts you create as a digital nomad. Not only can you earn money by following your passion for travel blogging but you could also get access to some top-of-the-line VIP packages offered by hotels and resorts across the world. 

You can start by researching companies that align with the style of your content. Try to reach out in a personal way — generic contact forms are great but they don’t usually set you up for a payday success.

2. Teach English

Becoming an English teacher abroad is another way to earn a salary while immersed in a foreign culture. If you don’t mind public speaking and are confident in your communication skills, the fastest route to a teaching job is obtaining a certificate. Look for one of the following programs:

• Teaching English as a Foreign Language (TEFL)
• Teaching English as a Second Language (TESL)

These certificates can be obtained by taking a short course. Here are some key takeaways to know:

• Although you can teach with a basic certificate, to earn a professional accreditation, you’ll need to complete at least 100 hours of in-class instruction as well as 6-20 hours of live classroom practice. Getting an accreditation will help you get more opportunities and higher pay.
• There are other teacher preparation certifications, but TESL/TEFL are the most universally recognized and accepted around the world.
• You should also expect to invest anywhere from a few hundred dollars for a basic certificate to a few thousand for a complete certification.
• For your time investment, a complete certificate can take up to a year to complete. 
• When you’re considering what country to teach in, make sure to take into account the salary expectations. You should compare this to the local cost of living, which can vary widely by region. 

3. Become a Social Media Influencer

This one might be easier said than done. Influencers typically have thousands of social media followers, primarily on Instagram or YouTube. Tourist destinations and hotels often court them with free travel, with the expectation that they’ll share their experiences with their audience. Here are some things to consider:

• For influencers with large followings , these brands will also pay for content creation on top of providing free travel. 
• You can partake in affiliate marketing to post links to booking websites, hotels and more. Doing this will get you paid directly from companies for your experience and audience reach.
• Individual rates for sponsored posts vary dramatically. If your favorite Instagrammer has 100,000 followers, you can expect they’re making in the neighborhood of $800 to $1,000 per sponsored photo. On the other hand, someone with fewer than 1,000 followers is likely to earn $100 or less. 
• It may sound like easy money, but it can be hard work. Photographers and content creators can spend hours setting up and editing the perfect shot or video. There is also a lot of effort that goes into writing blogs and graphic design to further engage audiences.

4. Work on a Cruise Ship

What jobs will pay you to travel the world? Many jobs in the travel industry will have you constantly on the go, but cruise ships have one of the lowest barriers to entry. It’s a great job if your goal is to see the world for free.

Here are some key takeaways to know about working on a cruise ship:

• Once hired, employees typically complete training courses for up to 13 weeks that cover various aspects of crew life, including safety and customer service.
• Contracts generally last for up to nine months, with the option of taking a six- to eight-week break during that time.
• Crew members also get time off between cruises, and often have the opportunity to visit different ports or enjoy crew-only amenities on the ship.
• Pay starts at an average of $24 per hour, with many crew members earning significantly more when gratuities are factored in.

5. Organize a Group Trip

While travel agents have become an underappreciated profession, they’re still out there offering valuable travel tips and more. For anyone interested in a job in the field, a great way to dip your toes in the water is to plan a group trip for your circle of friends. Here’s how to start:

• Some tour companies will discount your trip as the leader if you get a certain number of friends to register with you. 
• The best of the bunch will actually comp your trip and pay you a commission on top of that. 

Get Paid To Transport Goods While on a Trip One way to travel while making cash that’s gaining in popularity is transporting items along the way. Grabr, a peer-to-peer marketplace, connects travelers with shoppers looking to acquire items abroad or items that are too expensive to ship. Users make requests for specific products they want and anyone traveling to that country can accept the job. Earnings will vary depending on what you’re transporting and how far, of course.

Final Take To GO 

There are many options if you want to travel but also want to get paid. If you are about to embark on a trip anyway make sure to research what part-time or full-time money-making opportunities are out there.

• Virtual assistant for varying companies
• House sitting abroad
• Social media influencing
• Working on a cruise ship
• Yes, you can win trips to travel if you know where to look. For example, being a brand ambassador and enticing new users to opt into email lists are important for the travel industry, and trip giveaways are a popular way to do so. While there are usually different entry requirements and prizes, at the most basic level, there are two different types: sweepstakes and contests. Sweepstakes are random drawings, whereas contests are skill-based, often focused on writing, video or photography.
• Though they technically don't pay, exchange programs are a great way to see the world without having to pay for airfare, room and board or local transportation.
• If you are a travel blogger or social media influencer, certain hotels or tourist destinations will pay you to travel to visit them. In exchange for the trip, you will have to document your trip and promote the services to your followers.

Lauren Monitz  and Caitlyn Moorhead contributed to the reporting for this article.

Information is accurate as of Aug. 24, 2023. 

This article originally appeared on GOBankingRates.com : Get Paid To Travel: 5 Ways To Travel While Making Money

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.

Here’s How To Become a Travel Agent and Earn $3,000 Monthly

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Trusted by Millions of Readers

No matter the type of travel you enjoy doing travel planning takes attention to detail mixed with a bit of the spirit of adventure. Every once in a while when the stars align you can take what you love to do and turn it into a living. It’s time to pack your go bag and explore the travel agency world .

See Also: 6 Unusual Ways To Make Extra Money (That Actually Work)

How To Become a Travel Agent

Just because someone has travel experience does not mean they can automatically become a travel agent. However, if you are interested in becoming a travel agent there are many programs you can take to help you become one, or even start your own business. Skills you will learn include how to organize travel arrangements, business ethics, customer service, itinerary planning and the ins and outs of travel insurance.

No matter your career goals, whether you want to focus on luxury travel or more of a local tour operation, the following programs and certifications, which can be done in person or remotely, can get you started on the right path.

• Departure Lounge: Learn how to navigate the hotel industry as an independent contractor as well as get tips on tour operating.
• Premier Cruise Lines: Many lines such as Virgin Voyages, Cunard or Ritz-Carlton Yachts provide training programs for travel agents to help them sell their products and services more efficiently.
• Get Certified: When your training and coursework are complete a certification helps distinguish you in the field with these designations. Some popular ones include the International Air Transport Association, Cruise Line International Association or Travel Industry Designator Service. Be sure to research which certification makes the most sense for you as it will imply different things for your business.

How Much Do Travel Agents Make?

The median pay for what travel agents get paid in the United States is estimated to be about $46,400 annually which is over $3,000 monthly. This may seem underwhelming, but this is an estimate by the U.S. Bureau of Labor Statistics which means is only based on what full-time employees make and not self-employed people. In other words, you can make a lot more money as an independent travel advisor as opposed to working for a host agency. 

Travel agents make money by earning commissions on trips they book as well as charging fees such as booking or service fees. This is a great way to also set your own schedule and only choose the gigs you like. 

Final Take To GO: Love To Travel?

When it comes to starting as a travel agent, a good rule to follow is to try to sell and book trips you yourself would want to take. If you already love to travel this could be a natural next step in your career or a budding side business. 

A great way to sell yourself as a travel agent is to define your unique selling point. Essentially what is it about you that will make people want to book trips with you? It also helps to optimize your website, create high-quality content from trips you’ve booked or been on and leverage your social media platforms. Once you have your foundation firmly established, everything else is booking a day at the beach. 

• Full-time travel agents make roughly $46,400 a year which is over $3,000 a month. However, there is a chance to make more money than this estimate by starting your own travel agency and working for yourself. This way you can set your own schedule and don't have to worry about splitting your commissions.
• You don't need a specific degree to get started as a travel agent, but finding a training program and getting certified with varying destinations does help distinguish you as a trusted travel agent to your potential clients.
• Selling yourself as a travel agent, much like with any job or small business, starts with defining your unique selling point. Essentially what is it about you that will make people want to book trips with you? It also helps to optimize your website, create high-quality content from trips you've booked or been on and leverage your social media platforms.
• Get Certified: When your training and coursework are complete a certification helps distinguish you in the field with these designations. Some popular ones include the International Air Transport Association, Cruise Line International Association or Travel Industry Designator Service. Research which certification makes the most sense for you as it will imply different things for your business.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy .

• Condé Nast Traveler. 2023. "How to Become a Travel Agent—Because, Believe It or Not, the Industry Is on the Rise."
• U.S. Bureau of Labor Statistics. 2024. "Travel Agents: Occupational Outlook Handbook."
• Host Agency Reviews®. 2024. "How Much Do Travel Agents Make? | 2024 Travel Agent Salary."

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Find the best credit card for you

Here are the 3 best chase balance transfer credit cards of 2024, save money with these chase credit cards that offer 0% introductory aprs on balance transfers..

Credit card interest rates are often higher than other financial products like personal loans or mortgages so it's best to pay off your credit card balance in full every month . However, that isn't always possible so many people may wind up with high-interest credit card debt. In these situations, taking advantage of a 0% balance transfer offer can reduce the interest you pay and help you pay off your credit card debt more quickly.

Chase is known for issuing some top travel credit cards , but it also has several cards that offer an intro 0% APR for balance transfers. Consider these Chase balance transfer credit cards if you're hunting for a balance transfer offer. (See our methodology for information on how we chose the best Chase balance transfer credit cards).

Best Chase balance transfer credit cards

• Best for long intro APR: Chase Slate Edge℠
• Best for cash back: Chase Freedom Unlimited®
• Best for rotating bonus categories: Chase Freedom Flex℠

Best for long intro APR

Chase slate edge℠, welcome offer.

Get an automatic review for a credit limit increase when you pay on time and spend $500 in your first six months.

0% for 18 months from account opening on purchases and balance transfers

Regular APR

20.49% - 29.24% variable

Balance transfer fee

Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.

Foreign transaction fee

Credit needed.

Excellent/Good

Member FDIC. Terms apply. Information about the Chase Slate Edge℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

• No annual fee
• Lower your interest rate by 2% each year: Automatically be considered for an APR reduction when you pay on time, and spend at least $1,000 on your card by your next account anniversary
• 3% foreign transaction fee
• No rewards program

Who's this for? The Chase Slate Edge℠ does one thing, and it does it well — reduce the interest you pay. Its longer-than-usual introductory APR offer makes it ideal for those seeking more time to pay off their balance.

Balance transfer offer : New cardholders are eligible for an intro 0% APR on eligible balance transfers and purchases for 18 months from account opening, then a 20.49% to 29.24% variable APR applies. This is one of the longest intro APR offers available and is especially useful since it applies to purchases, too.

An intro balance transfer fee of either $5 or 3% of the amount of each transfer (whichever is higher) applies to transfers completed in the first 60 days of account opening. After that, the balance transfer fee is $5 or 5% of the amount of each transfer (whichever is higher).

[ Jump to more details ]

Best for cash back

Chase freedom unlimited®.

Enjoy 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

Welcome bonus

INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

0% for the first 15 months from account opening on purchases and balance transfers

3% of each transaction in U.S. dollars

Member FDIC. Terms apply.

Read our Chase Freedom Unlimited® review.

• Rewards can be transferred to a Chase Ultimate Rewards card
• Generous welcome bonus
• 3% fee charged on foreign transactions

Who's this for? The Chase Freedom Unlimited® is geared toward those who want to earn cash back on their everyday spending and still want access to a helpful intro APR offer.

Balance transfer offer : New card members receive an intro 0% APR for purchases and balance transfer for the first 15 months, after that a variable 20.49% to 29.24% APR applies. For the first 60 days of account opening, there's an intro balance transfer fee of 3% of the amount of each transfer ($5 minimum). After that, a standard balance transfer fee of $5 or 5% of the amount of each transfer applies, whichever is greater.

Best for rotating bonus categories

Chase freedom flex℠.

5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through the Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), 1% cash back on all other purchases

Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.

Member FDIC. Terms apply. Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Read our Chase Freedom Flex℠ review.

• Opportunity to earn up to 5% cash back in select categories upon activation
• Bonus categories must be activated each quarter

Who's this for? The Chase Freedom Flex℠ is a great card for anyone who enjoys squeezing the most value out of their credit card thanks to its generous rotating quarterly bonus categories.

Balance transfer offer : New cardholders can take advantage of a 0% intro APR for the first 15 months on purchases and balances transfer, then a 20.49% to 29.24% variable APR applies. An intro balance transfer fee of either $5 or 3% of the amount of each transfer applies to transfers completed in the first 60 days. After that, the standard balance transfer fee is 5% of the amount of each transfer or $5, whichever is greater.

More on our top Chase balance transfer credit cards

The Chase Slate Edge℠ is a no annual fee card with several features that can help you pay less interest, but doesn't earn rewards.

Get an automatic review for a higher credit limit when you pay on time and spend $500 in the first six months.

Notable perks

With the Chase Slate Edge , you are automatically considered for a 2% APR reduction if you pay your monthly bill on time and spend at least $1,000 on the card before your next account anniversary (terms apply). While you'll want a plan to pay off your balance transfer before the interest kicks in, this feature can help you lower your APR compared to what you might pay with other credit cards.

This card's insurance benefits include purchase protection, extended warranty protection, roadside dispatch and rental car collision and theft coverage (secondary in the U.S.).

[ Return to card summary ]

The Chase Freedom Unlimited® is one of CNBC Select's top no-annual-fee cash-back credit cards with a unique intro bonus and a handful of useful benefits to complement its cash-back earnings.

• 6.5% cash back on travel booked through Chase Travel
• 5% back on Lyft rides (through Mar. 31, 2025)
• 4.5% cash back on dining
• 4.5% cash back at drug stores
• 3% cash back on all other purchases (on up to $20,000 spent in the first year)

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year).

Cardholders can earn 5% cash back on Lyft rides through March 2025 and enroll for three complimentary months of DashPass (activate by Dec. 31, 2024). Purchases are also covered by a range of built-in protections like rental car collision damage insurance (secondary in the U.S.), extended warranty coverage, purchase protection and trip cancellation and interruption insurance.

While this is a cash-back credit card , you can boost the value of the rewards you earn by pairing this card with a Chase card that allows points transfers (such as the Chase Sapphire Preferred® Card ). By transferring the rewards you earn to travel partners like World Hyatt, United MileagePlus and Air Canada Aeroplan, you can potentially book luxury hotels and flights for fewer points.

The Chase Freedom Flex℠ packs a punch with generous rewards in bonus categories that change every quarter and an easy-to-earn welcome bonus.

• 5% cash back on the first $1,500 spent in categories that change each quarter, then 1% cash back (activation required)
• 5% cash back on travel booked through Chase Ultimate Rewards®
• 3% cash back on dining
• 3% cash back at drug stores
• 1% cash back on all other purchases

Earn a $200 bonus after spending $500 on purchases in the first three months from account opening. 

Cardholders receive discounts and special perks with partners like Lyft and DoorDash. There are also many valuable built-in protections for a no-annual-fee card, including:

• Cell phone insurance
• Rental car insurance (secondary in the U.S.)
• Extended warranty coverage
• Purchase protection
• Trip cancellation and interruption insurance

When you have a Chase card that unlocks the ability to transfer Chase points to hotel and airline partners (like the Chase Sapphire Preferred® Card) , it increases the value of the Freedom Flex. So this isn't only a strong standalone rewards credit card , but it has synergies with other cards.

How to complete a Chase balance transfer

Chase typically charges a balance transfer fee from 3% to 5% with a $5 minimum. Before you complete a balance transfer , be sure the interest you save will outweigh the fee.

There are several ways to do a balance transfer with Chase. One of the best and easiest options is to complete a balance transfer when you apply for a card. When you do this, you'll be able to make the most out of your intro APR because any 0% interest timeframe you qualify for begins when you open the card.

If you want to perform a balance transfer with a Chase card you already have, you'll need to log in to your account and follow these steps:

• Click "Pay & Transfer"
• Then click on the "Transfer" dropdown menu
• Select "Card balance transfers"

You can then select any of your Chase cards from a dropdown menu and see what balance transfer offers are available.

Are Chase balance transfers worth it?

When you make a balance transfer, you'll generally pay a fee of 3% to 5% of the balance. To determine whether a balance transfer is worth it, calculate how much you would save in interest compared to how much you'd pay in transfer fees.

What is one disadvantage of a 0% interest balance transfer card?

Aside from the balance transfer fees, the biggest downside to a balance transfer is you'll have the same amount of credit card debt as before. If you don't have a plan, or the resources, to pay off your debt before the intro APR expires, you'll be stuck paying interest once again.

Do balance transfers hurt your credit?

A balance transfer doesn't directly hurt your credit score and could help improve your credit if you're able to pay down your debt. However, you'll want to keep in mind that your credit score will temporarily dip when you apply for new credit (including a balance transfer card).

Bottom line

The top balance transfer cards Chase issues offer intro APR periods of 15 to 18 months, and these intro APR offers also apply to purchases, making them even more useful. If you're interested in paying less interest , these are some of the best offers available. When you're in credit card debt, your primary focus should be repayment, not earning rewards, but the fact that some of the cards on this list earn rewards is a nice bonus.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card   article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card   products .  While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See  our methodology  for more information on how we choose the best Chase balance transfer credit cards.

Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox.  Sign up here .

Our methodology

To determine which Chase cards are best for balance transfers, CNBC Select analyzed the Chase credit cards with intro APR balance transfer offers. We compared each card on a range of features, including the annual fee, rewards, welcome bonus and balance transfer fee. We also considered additional perks, consumer protections, the application process when available and how easy it is to redeem rewards. However, when you're in credit card debt, your priority should be repayment, so we focused more on the cards that provide consumers with the cheapest ways to pay off their debt rather than the number of rewards they could potentially earn.

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