Whether for a bit of sun, a city break or a fantastic adventure, Aussies are dusting off their passports and travelling again.
Spending overseas can be expensive, so it’s important to research carefully and look for the best spending options.
Many travellers end up paying exorbitant transaction fees and get poor exchange rates throughout their trip because they put travel money at the bottom of their checklist.
Read on to find different options to spend money while you're travelling.
Before we continue, a quick word.
Yondr offers a free travel money solution that gives you bank-beating foreign exchange rates, no hidden fees and safe, secure payments with Apple or Google Pay.
Just load your wallet and we will automatically convert to the local currency for you in any country where Visa is accepted, worldwide.
Here are a few reasons why travellers are using Yondr as their travel money card:
Join thousands of Aussies who have already downloaded the app and try Yondr today.
Here’s a look at your options so you can decide which is right for you…
Instead of carrying wads of cash, you can load money onto your travel money card and use it like a regular debit card when travelling. Some cards will automatically convert to the local currency when you pay or give you the option to withdraw local cash at an ATM for a fixed cost.
It doesn’t matter what country you go to, it’s always convenient to carry some cash. It’s likely that your destination airport will have plenty of currency exchange options too, so you can always use one of those. Virtually everywhere accepts cash and having a little cash handy is good for things like tipping, taxis, markets and smaller shops and restaurants.
You can just take your everyday spending debit card overseas while you travel. This allows you to access your own funds which can help to curb spending and keep your budget in check.
Specialised credit cards can be used in most countries where card payments are accepted and give you a longer period of time to pay back what you’ve spent, but have high interest rates. The main advantage of travel credit cards is the reward points you get as a signup bonus and other perks such as lounge access passes.
Depending on your circumstances, these four methods to access and spend money abroad are great options, giving you the least hassle and the best bang for your buck.
But don’t put all your eggs in one basket, consider splitting your payment options in several ways to give you the most flexibility and security while travelling.
This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax or other professional advice from Yondr Money. Prior results do not guarantee a similar outcome. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date.