If you plan to travel this year, you want to be prepared by carrying the right type of currency. As soon as you get off the plane, you will be spending your holiday money on a cup of coffee or a taxi ride.
You can carry cash with you and convert it when you arrive in the new country, but you won't be able to buy anything or do anything until you stand in line to convert. Carrying cash is dangerous, and it is easy to lose or become stolen when you reach in your pocket for a couple of dollars to buy a cup of coffee. You should also keep in mind that there are fees charged to change travel money.
Prepaid Debit Cards
It's becoming the safest way to travel with money. Losing money is horrible and leaves you with limited options, especially if you don't have a lot of money to begin with. When you send money to a prepaid debit card to Europe, you will pay with U.S. money. Then when you are in Europe and purchasing something, it will automatically pay for it in Euro. The same thing goes in other countries as well. In England it will be pounds instead or euro. In Denmark and Sweden, it will be Kroner instead of euro. In Bulgaria, it will be Lev instead of euro.
A prepaid debit card is accepted anywhere a debit card is accepted. You can also use them at ATM locations all around the world. When you use a prepaid debit card, you can transfer large sums of money without it costing you a lot. The fees that are charged for large transfers are affordable.
Transferring frequently
If you have friends or family that are located in another country, it may be up to you to send them money. In the past, you would need to send money using Western Union. This would not only cost you a lot of money but it would require that you find a location to send them money from. Some prepaid cards are reloadable, so you can send money on a regular time schedule.
Avoid the unexpected
Before you make your initial deposit in a prepaid card, you want to make sure that you are aware of all the fees that will be charged to your card once it is activated. Although the fees may be small, there may be several small fees, which can add up to a lot of money. Some cards charge more than others and this is what you need to watch out for. Everyone who travels has their own horror story of how they lost their cash or couldn't find a place to change travel money. Having a prepaid debit card will ensure that you will have money when you need it the most.
Enjoy your vacation and don't worry about the money. You have other things to see and do.
Thursday 25 March 2010, 09:50am
When you need travel cash, there are some options that are more secure and easy to access and some that are more secure to carry with you in your foreign travels. For those that are concerned about getting the best currency exchange rates, when it comes to converting pounds to dollars, they might want to consider the alternatives that are available to purchase travel cash for your next holiday or business trip.
Travel Cash Delivered To Your Front Door:
When you need travel cash and want to enjoy the best currency exchange rates, you can use your personal computer to place an order before 2pm and get your travel cash delivered to your front door the next day, using Royal Mail Insured Delivery Service. What's great about this option is that you can get free delivery for orders that exceed 500 pounds and you can get your banknotes in a choice of 21 currencies. For orders that are less than 500 pounds, there is a 6 pound delivery charge, but this is still a convenient way to take advantage of the best currency exchange rates, when you need to purchase travel cash for your travels and want better rates than exchange bureaus or kiosks can offer.
Bank Transfers For Travel Cash:
Travel cash can be transferred to your foreign currency bank account if you are traveling for a holiday, but you can also take advantage of bank transfers for a number of things, including purchasing property in foreign countries. You can also use bank transfers to purchase your currency card, which can be the safest and easiest way to have access to travel cash whenever you need it. You just have to set up an account, which takes a few minutes in the initial stages of making your purchase. You can use bank transfers to purchase the currency card and most of the high street banks will allow you to transfer money from your bank account with no fee, when you are using it to purchase travel cash this way.
Currency Card Instead of Travel Cash:
The easiest way to have easy access to travel cash is to use the prepaid currency card. This travel money card can be used to get access to travel cash if you need it or you can use it like a credit card, but not have the interest charges. Not only is this the best way to get the most attractive currency exchange rates, but it is a way to have holiday spending cash without having to carry currency. It is easy to set up an account and purchase your prepaid MasterCard currency card on the Internet. Because you are getting the currency card from an online business that doesn't have rent overhead, you don't pay commissions, like some other exchange bureaus that convert your pounds into travel cash. When you are looking for the safest and easiest access to travel cash, a prepaid currency card is the best option.
Wednesday 24 March 2010, 09:31am
Travel currency is no alien concept to those who love hitting the road for work or pleasure. And money is a key factor while traveling apart from the joy of travel. From time immemorial money has been the driving force behind the progress and success of economies world over; business and trade have been on the move thanks to money.
As people in business or a person who works it is not uncommon for us to be travelling with money; however the growing concerns about security and untoward incidents that new destinations pose are incredibly high, this is where travel currency comes in handy. The times when carrying cash or at the most traveller's cheques are a passé everything in our world today works on plastic money and that is definitely a positive thing when compared to the threat of carrying real money. FairFX travel currency is the way to go for people on the move.
To put it in perspective let us see what is FairFx travel currency and how does it work – FairFx allows you to exchange one type of currency for instance the Dollar for another type of currency such as the Euro without going through the hassle of middle men and touts who can be quite unreliable at times. FairFx not only eliminates middle men but assures you get the best exchange rate by following a far more stable currency conversion practice when compared to others in business. FairFx travel currency is a better way to travel as the transactions are secure and assure you of a currency exchange rate that is reasonable and optimum.
Travelling requires vigilance and guidance too if the travel is of an international nature, FairFx travel currency is a well guided option as there is transparency in dealings and exchange rates and other information is clearly elucidated to travelers who travel with our services. When it comes to travel currency FairFx is the leader as FairFx eliminates expensive travel kiosks, exchange counters and middle men when it comes to your money. With the underlying principles of price, convenience and security, FairFX does everything to ensure you get the best of your travel and travel currency.
FairFX travel currency offers you the convenient option to order for Euros and Dollars on our travel currency card and ensures you get Euros and Dollars at the best rates because they are based completely online. FairFx offers 3 options for buying foreign currency:
• The FairFX Currency Card (Chip and PIN Prepaid MasterCard® Card)
• Travel cash delivered to your home (free for purchases over £500)
• Paid to your foreign currency bank account
All three options are beneficial to travellers and they can make the best of their travels while using FairFx travel currency. With FairFX you don’t have to worry about factors such as delivery costs, exchange rate fluctuations, commission fees etc as we do the worrying bit for you and ensure you get the best. So get in touch and see what a difference FairFX can make to your travel expenditure.
Tuesday 09 March 2010, 03:11pm
Carrying cash poses a huge security risk when traveling because if you happen to drop it or if it gets stolen, there is no way to get it replaced. Should you decide to carry cash with you anyways, the country you are visiting may not use that currency, which means you will have to exchange your money for whatever is accepted there.
This will depend on whatever the travel currency exchange rate for that day, as the rate fluctuates slightly from day to day, depending on the global economy. There are also likely to be fees from the bank that switches your money out.
If you want a more secure option than cash, then you can use traveller’s checks. These have been around for quite some time and have been the preferred travel money option until recently. Unlike cash, if your traveller’s checks happen to get lost or stolen, all you have to do is simply call a number to have them cancelled and get more sent out to you. The amount your checks are worth depends on how much you want to put on them and what the travel currency exchange rate is the day you do the transaction. There are going to be service charges involved with traveler’s checks, as well as shipping charges to have them sent out to you.
Traveller’s checks were widely used at one point in time, but just like regular checks, they have been replaced by plastic cards. Things like credit, debit and ATM cards are things almost everyone has on them already these days, so they can just use them while they are on vacation. But even they are subject to have their value change based on the travel currency exchange rate on the day they are used.
Another option that is quickly replacing all other payment options is the prepaid travel card. These also offer a much better travel currency exchange rate. This card offers even greater security than the credit and debit cards, as you have to have a PIN number to use it. In addition, it can also help control your spending better than a credit card will. With a credit card, you are only limited by your overall credit limit, which is likely thousands of dollars for most people. With a prepaid card, you can only spend the amount that you put onto the card. A debit card can limit your spending to only money you have in the bank, but could cause some temporary should a thief steal it and wipe out your bank account.
Thursday 04 March 2010, 09:16am
The best option for travelers when leaving the country is to order travel money online. When you’re out of your country of origin, you usually aren’t able to use the currency you’re used to using. The most used currency in the world is the USD but that doesn’t mean it’s accepted everywhere. Following close behind the USD is the euro, but still, that isn’t accepted everywhere either. Don’t worry though - it’s easy to get your money exchanged. Here are some of the best money tips for traveling.
1) Make sure you have enough of it. There’s nothing worse than traveling half way around the globe and realizing you’re short. If you don’t have a backup plan then you can see how disastrous this situation could turn out to be.
2) On the flip side of that, you don’t want to run around with all of your credit cards with you to use as your backup plan. The potential harm could be devastating. Just imagine if someone took that from your pocket or if you dropped it. A complete stranger would then have your credit card with access to who knows how much, and they could potentially steal your identity.
3) Taking a big wad of your own currency to a foreign country isn’t going to do you a whole lot of good. Every country has their own type of currency and if you don’t have it to offer for purchases, you’re out of luck. Additionally, if you dropped that wad of money, it probably wouldn’t be recovered anyhow.
4) Order travel money online. If you do this you’ll be doing yourself a great favor and saving yourself a whole lot of hardship. It saves you from having to exchange it later and you’ll be able to concentrate on other things rather than money.
5) When you order online, don’t pay too much. There are a lot of businesses that offer to exchange your money online but they aren’t all the same. Some places take advantage of consumers by charging larger amounts of money for their services. Some of these companies will even deceive you by advertising to exchange your money for free. Be aware of these companies because it’s not true. They hide their fees elsewhere in order to make their profit.
6) Use a reputable company to order travel money online. This way you’ll be sure to get what you paid for and nothing less. There are a lot of scammers out there. FairFX give you a quality service and great exchange rates on travel money.
Wednesday 03 March 2010, 02:02pm
It should be no secret to anyone that when traveling overseas in a foreign country, the money you have on you is likely to not be accepted there. This is why you need to convert your money to whatever currency they use in the country you are visiting. There are a number of different ways of doing this, and each one has its own positive and negative aspects. There are also fees and other charges involved that will affect how much your money ultimately ends up being worth once it is converted. Here we will look at which options give you best travel currency rate.
Cash is unsecure and often poor value
The first and oldest option is cash. Now, most everyone knows that it is highly recommended that they don’t carry cash on them when traveling. The main reason for this is security. If you lose it or it gets stolen, there is no way you are getting it replaced. If you do decide to use cash, you will have to take the time to find a bank that will exchange it out for whatever the local currency is. This will usually involve a bank fee to do this as well. While not recommended, the travel currency rate you get with cash depends on whatever the exchange rate is for that day.
Travellers cheques are a traditional method, but are starting to fall off the map
Next are traveller’s cheques, which have been around and used for some time now. They offer greater security than cash, for if they happen to get stolen or you lose them, you simply call a number and get them replaced. The travel currency rate for these will also depend on what the exchange rate is at the time you get the checks. There are also service charges involved, plus you have to pay shipping charges to have them sent out to you. And just like regular checks, traveler’s checks are quickly being pushed aside for plastic cards.
Debit card are convenient for overseas spending, but not ideal
You can use your regular credit or debit card, but nowadays, people much rather use a prepaid travel card. Your credit card will likely have a huge credit limit and there is nothing there to control your spending. With a prepaid card, you can only spend whatever amount you put on the card to start with, which will be based on the current travel currency rate. Debit cards will limit your spending to whatever you have in the bank. But a debit card, if stolen, gives the thief access to your entire bank account, whereas with a prepaid card, they can only access the amount you put on the card.
Prepaid currency cards: the best way to spend while you travel
Our prepaid MasterCards© have no top up fees, transaction charges and a great exchange rate, which is better value than most rates on credit and debit cards. Apply now to save cash on your next trip.
Monday 01 March 2010, 01:40pm
