How To Carry Money Abroad And Keep It Safe?

When you start planning for your overseas travel, one of the first questions that comes to your mind is-‘How am I going to carry my money abroad and keep it safe?’

There is no definite answer to this question, as each method has its own pros and cons. The experts at BuyForexOnline.com-the best website to buy Euros in India and other foreign currencies has compiled a list of methods to help you choose the best method for your foreign travel. Let’s take a look.

Cash

It is always good to carry some cash with you, to cover immediate expenses when you land, such as taxi fare, mineral water etc. But, on the downside, there is always a risk of theft or loss. Also, the unspent amount will have to be converted back to Rupees. So, a good way would be to carry only a limited amount of cash and carry a prepaid travel card/ATM card for rest of the expenses.

Prepaid travel card

It is one of the best ways to carry money abroad. Whether, you wish to buy Pounds in India, or Euros, you can load it when the currency rate is favourable, plus it is a secure way of carrying money and can be easily reloaded on the go. However, some traditional shopkeepers/hotels may not accept it. So, always carry some cash with you.

ATM card

It is also very secure way of carrying money abroad, but the high conversion fees can burn a hole in your pocket. So, if you want to use this option, make sure you have enough balance in your bank account to cover up your entire travel expenses. Also, make sure it is enabled for use abroad.

Credit card

It is a secure way of spending abroad, but there is a fixed charge, every time you use your card, but if you are a loyal card user, you may become eligible for offers from the card provider, but still the conversion charges may be very high.

When it comes to buying forex for your travel, it all depends on your usage and needs. A student will have different needs from a business traveller; so it is always good to talk to a forex expert like the experts at BuyForexOnline.com to know your options and get the best deals suited for your needs.

So, if you wish to buy foreign currency for your travel, visit https://www.buyforexonline.com/ and talk to their experienced forex experts today!