Travelling overseas, bank account?
Ok so I plan to travel UK, Europe and maybe Asia, Africa etc. All I have is an Australian savings accoutn which can only be used for work and withdrawing at my bank. How can I get money while travellin g overseas, and something that is safe. Like do I need a credit card or somethign I dont know much about bank stuff I will need to be able to book airflights etc
Public Comments
- Have u thought of travellers cheques?
- You need a credit card and an ATM card which can be used overseas. Go to your bank and tell them your plans and let them help you get the approprriate cards.
- Traveler cheques...they are the safest method. Plus is you lose them or get robbed (lets hope not) American Express will replace them for you.
- amex (cash loaded) card.
- Credit cards are International Documents.. just link it to your savings account for automatic debit. You should be asking this question at your BANK and not on Yahoo Answers if you want a REAL answer.
- Can you get a Visa credit card from your bank? That would solve everything. You could also buy Travelers Checks from your bank, but Visa is so much easier. Booking airflights on the net will require credit cards. Have fun on your trip!
- There are ATM cards which can give you access to your bank account while overseas, obviously there is a service charge to pay if you withdraw from overseas but the point is that you gain access to your bank account. Also your bank must subscribe to this international network. Therefore you might find that the international banks are a better bet for this service, e.g Citibank, HSBC, Stanchart to name a few. You might need to open an account with an international bank if your bank is simply a domestic operator. Hope this helps. Of course a credit card is adifferent story altogether. A credit card allows you to spend within a specified limit known as your credit limit (which will be determined by the bank according to your credit assessment/income statement) and you get to pay later when the statement arrives, either in full or by part payment. Part payments incur interest at quite high rates on the unpaid balance.
