Friday, March 4, 2011

Money

THE COST OF GETTING OUT OF TROUBLE OVERSEAS

There is nothing worse than getting into trouble overseas and one of the most common problem travellers experience is with their travel money. Being stranded in a foreign land, miles away from home, with no access to money is a frightening and potentially hazardous situation.

There are several ways to guard against this including carrying a “mixed wallet” which means having a variety of ways to access funds such as prepaid travel cards, credit cards, cash and in some areas, even travellers cheques.

All of these forms of travel money are easy to get from a variety of providers but travellers need to be aware of the pitfalls before they leave and not when trouble strikes.

Prepaid travel cards are a great way to carry small or large sums of money overseas as they are prepaid so you don’t overspend, available in a variety of currencies to avoid exchange rate fees and fluctuations, generally not linked to bank accounts to avoid fraudulent access to your daily transactional account and savings and they are reloadable.

There are a number of prepaid travel card providers in Australia offering many similar benefits for normal day to day use. When it comes to unexpected yet common emergency situations, this is where the cards become very different to each other. The Travelex Cash Passport has some unique benefits that can help you out if you run into troubles on your trip.


With some of the other prepaid travel cards, in the event that you lose your cards and need emergency cash, you need to apply for emergency funds and pay an emergency cash advance fee of up to US$95.

In addition, if you need replacement cards to access cash and make purchases during the rest of your trip, some prepaid travel card providers charge a card replacement fee of up to AU$60 and often will only send the cards to your registered address in Australia.

The Travelex Cash Passport works very differently. Travelex created the concept of prepaid travel money card and as the world’s largest specialist foreign exchange company, have a wealth of experience and knowledge in what travellers need.

As a result, should you lose your Cash Passport cards you can call their toll free 24/7 Global Emergency Assistance centre and get emergency cash within 20 minutes (this may take up to 24 hours for remote locations). Travelex does not charge a fee for this service. Replacement cards are also provided free and instead of being sent to your home in Australia, are sent to a location that is convenient to you.
Travelex also offer several other complementary services, including emergency translator services, help finding legal or medical support and even sending a message home.

Our team can assist you with all your currency needs and during your consultation will advise you on what best suits your needs. Travel experience.com.au - Mareeba and Atherton
Because we care... from you local travel team!