30-01-2016, 11:48 AM
1
Getting cash abroad
My son is planning to spend a few weeks travelling round Mexico. When he spends time in Europe he takes some euros and tops up by withdrawing cash using his NatWest debit card, though that incurs a charge.Would he be better off getting one of those pre-paid cards? I don't know much about them - can they be used anywhere in the world?
It's no good him asking me for suggestions because I haven't even got a passport!
30-01-2016, 11:56 AM
2
Re: Getting cash abroad
Originally Posted by indenial
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My son is planning to spend a few weeks travelling round Mexico. When he spends time in Europe he takes some euros and tops up by withdrawing cash using his NatWest debit card, though that incurs a charge.Would he be better off getting one of those pre-paid cards? I don't know much about them - can they be used anywhere in the world?
It's no good him asking me for suggestions because I haven't even got a passport!
Tell him to take nothing of value and be very very careful.
30-01-2016, 03:06 PM
4
Re: Getting cash abroad
Originally Posted by Muddy
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I hope your son isn't traveling alone.Tell him to take nothing of value and be very very careful.
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30-01-2016, 05:44 PM
6
Re: Getting cash abroad
Thanks everyone. I've passed on the warnings re safety, but he is confident it is safe.I wondered about travellers' cheques but wasn't sure they still do them!
I think he'll go ahead and get a prepaid card - ICE was one he was thinking of, or the Post Office one.
He's got till mid February to make up his mind!
30-01-2016, 06:57 PM
7
Re: Getting cash abroad
Originally Posted by eyes_of_a_painter
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Prepaid cards are good because they are accepted in most places. If not, he can get travelers checks or just tell him to use his credit card.
On thing I disagree with your statement is I think it better to use a debit card better exchange rate.
I know its a different country but I always take cash when I go to the USA.
30-01-2016, 07:23 PM
8
Re: Getting cash abroad
Originally Posted by galty
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Spot on using a card.On thing I disagree with your statement is I think it better to use a debit card better exchange rate.
I know its a different country but I always take cash when I go to the USA.
30-01-2016, 08:07 PM
9
Re: Getting cash abroad
Originally Posted by indenial
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Yes, he'll take some cash with him to start with, but as he's planning on staying a while (assuming he likes it) he'll need to top up.
So best way is using a card.
30-01-2016, 08:25 PM
10
Re: Getting cash abroad
How about he goes to a different bank and opens a new account? Put in a certain amount and take just that card away. If he needs more money, maybe he can request you to do a transfer?However if he goes away soon there may not be time.
Prepaid cards attract fees, and you lose the money after awhile through non use.
I think travellers cheques are being phased out.
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