Navy Net - Royal Navy Community

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

holiday cash?

seafarer1939

War Hero
The only overseas holidays I've had recently have been to the States to see sons and the money problem was easy.
They advised me and gave me what I needed and I gave them a cheque when the holiday ended.
Now I'm going to Cyprus for a fortnight and I'm out of touch with the best way to carry money.
I'll take maybe a £200 or 200 Euro's in cash but what is the current best way to secure the rest.
I don't want to use my credit card so is it Travellers cheques in sterling or Euro's or perhaps just carry enough and go to the local Barclay's when I'm there.
Can some well travelled RR advise me?
Thanks if you can.
 

Chaz

MIA
Having been based in Cyprus for 3 years their exchange rate always bettered that of the UK, travellers cheques maybe the way ahead and change them over there. They're also insured against theft etc.
 

2_deck_dash

War Hero
The wife and I try and get abroad two or three times a year (at least we did until she got up the duff). Our usual drill is to inform the bank first, explain where we are off to and find out what charges, if any, will be accrued if we use an ATM in that particular Country.

Once that's all sorted we just use our cards in the cash point as usual, suffering a small percentage charge for the privilege (usually about 2%).

Only exception was when we went to Africa and the Amazon, both of which are fairly devoid of cash machines. We found the best bet was to bite the bullet and get around £200 worth of local klebbies and stash it on your person.
 

Chaz

MIA
StixJimboRM said:
I have just been to France, and for the trip I got myself a pre-paid currency card, which is a Mastercard that you pre-load with money. I used a company called Fair FX and got it free via a link on the Money Saving Expert website (other wise you have to pay about a tenner for the card). Once you load it with currency you just use it like any debit/credit card, the bonus is that Fair FX seem to have about the best exchange rates around.

http://www.fairfx.com/travelcardl

You can top it up online when you are abroad as well. I had no problems with it and it saves carrying wads of cash or travellers cheques around with you

These cards are also available 'over the counter' in Thomsons, not sure of the cost (if any) though. I used Thomsons prior to my draft across the pond in April for my dollars. Basically went in there and told them the best rate I could find both on the high street and on-line and could they better it. They did, job done!
 

JonnoJonno

Banned
I would tend to take cash to a relatively safe country, especially if you can't really see yourselves going nuts in night clubs and waking up naked on a beach.

In addition I would take a MasterCard, ensuring I had the international number to cancel it if it was lost.

In my opinion travellers cheques make you vulnerable to robbery from the point of exchange.
 

penrecon

Lantern Swinger
For years now I've travelled to a wide range of countries and obtained cash from ATMs and used a Visa Card to pay for things like Restaurants etc. Usually rates are good and charges OK. Maybe just change a modest sum at the airport en-route for immediate requirements on arrival.
 

seafarer1939

War Hero
thanks for the replies,it's given me something to work on.
Late night Disco's and staggering back to the hotel with a chance of being mugged ain't my thing any more so I reckon it will be as you have advised.
Years ago was advised by my sons in the USA to carry two wallets,one with a $20 bill the other well hidden with the main cash.
don't think I need that in Cyprus.Thanks again.
 

Pu55ers

Midshipman
Hi

I use this website to get my foreign money (link). I usually take 500 euros in cash split between myself, the good lady and our suitcases for the journey.

Once abroad, I use my credit card in places that I trust, cash in those that I don't and ALWAYS use the room safe. I find that I need to carry my passport to use my credit card so it's best to use cash if you are planning/expecting to drink too much.

I'll use ATMs but take extra care that there is nothing dodgy with it before you put your card in and make sure that nobody is rubbernecking your PIN number.

Happy Hols.

P
 

SEP86

War Hero
I see that a link to moneysavingexpert has already been posted, but as I think the site is so well worth visiting (for anything financial not just travel) I'll post it again, but with a bigger plug. This site has literally saved me hundreds over the few years I have been using it and checking for deals etc.

http://travelmoney.moneysavingexpert.com/
 

witsend

MIA
Book Reviewer
SEP86 said:
I see that a link to moneysavingexpert has already been posted, but as I think the site is so well worth visiting (for anything financial not just travel) I'll post it again, but with a bigger plug. This site has literally saved me hundreds over the few years I have been using it and checking for deals etc.

http://travelmoney.moneysavingexpert.com/

Aye, Martin Lewis may be a tit IMHO, but he does run a very good honest and helpful website.
 

seafarer1939

War Hero
thanks again for the tips,just as a rider,I phoned the holiday firm yesterday to query something else and asked the question I should have asked in the first place.
They warned me not to take travellers cheques as more and more places will not cash them.
I'll go with some of the replies.
It's looking like I'll trouser £400 and use my card in a bank for the rest.Regards
 

JonnoJonno

Banned
seafarer1939 said:
thanks again for the tips,just as a rider,I phoned the holiday firm yesterday to query something else and asked the question I should have asked in the first place.
They warned me not to take travellers cheques as more and more places will not cash them.
I'll go with some of the replies.
It's looking like I'll trouser £400 and use my card in a bank for the rest.Regards

Seafarer, as I'm sure you already know, if you have something fairly expensive to buy it is worth using your MasterCard as the item will then be insured. This applies to your travel tickets etc, giving you another layer of protection if the travel firm messes up or the holiday is cancelled.

Have a good trip!
 

Blackrat

War Hero
Moderator
Book Reviewer
Herry00 said:
Before making travel plan please make sure that you take insurance as well as its very important.

I hope you are insured. I'm like a bloodhound when i get the scent.
 

ml05039

Badgeman
Something that served me well when I lived in France for a year. Get a debit card account set up with Nationwide building society. It doesn't cost a thing to get and they should send you a debit card within a week. You can use that card abroad to make withdrawals at any cash point without any extra charges whatsoever. PLUS and this is a big plus..!! The rate you get for your foreign money is the business rate and not the tourist rate.. The business rate is consistently better than the tourist one! I think youre limited to around 300 Euros withdrawal per day but that should hopefully be enough! :)
 
Thread starter Similar threads Forum Replies Date
MoD_RSS Stamp duty holiday continues to help hundreds of thousands of jobs after further 21.3% boost in September MoD News 0
MoD_RSS Public Holiday: Monday 28 September MoD News 0
MoD_RSS Holiday parks boss receives 14-year ban MoD News 0
MoD_RSS House sales rise following introduction of stamp duty holiday supporting nearly 750,000 jobs MoD News 0
MoD_RSS Flower power to help car journeys this bank holiday MoD News 0
MoD_RSS Tougher fines ahead of Bank Holiday to crack down on illegal gatherings MoD News 0
MoD_RSS CMA open letter to all package holiday businesses MoD News 0
MoD_RSS Covid-19: CMA secures refunds from second major holiday lets firm MoD News 0
P Holiday while in the military Joining the Royal Navy 13
MoD_RSS COVID-19: Major holiday lets firm offers refunds after CMA action MoD News 0
MoD_RSS Veterinary Medicines Directorate office closure over May Bank Holiday period MoD News 0
MoD_RSS DVLA opening hours: spring bank holiday 2020 MoD News 0
M Holiday booked will I still be able to go if I start my navy application? Joining Up - Royal Navy Recruiting 9
MoD_RSS DVLA opening hours: early May bank holiday 2020 MoD News 0
MoD_RSS Governor Dakin's radio address: additional short-term lockdown measures over Easter holiday MoD News 0
MoD_RSS Government campaign to ensure workers are paid correctly for holiday leave MoD News 0
MoD_RSS Free meals and summer holiday activities for children MoD News 0
MoD_RSS Artificial Intelligence to end future holiday jams caused by roadworks MoD News 0
MoD_RSS Highways England geared up to help motorists this bank holiday MoD News 0
MoD_RSS Summer holiday sport projects to help tackle serious violence and knife crime MoD News 0
MoD_RSS Motorists urged to check vehicles before heading off on holiday MoD News 0
MoD_RSS Press release: Border Force helps holiday makers avoid summer nightmare MoD News 0
MoD_RSS Press release: 2020 May bank holiday will be moved to mark 75th anniversary of VE Day MoD News 0
MoD_RSS News story: Crackdown on illegal angling in North East over Bank Holiday MoD News 0
MoD_RSS Press release: Brits urged to read travel advice ahead of Bank Holiday trips MoD News 0
MoD_RSS Press release: CMA calls on holiday industry to give customers clearer Ts & Cs MoD News 0
MoD_RSS News story: Government has launched its first holiday pay advertising campaign MoD News 0
C Fun in the Field August Bank Holiday. Social & Reunions 0
R HMS Raleigh holiday dates Joining the Royal Navy 7
J HMS Sultan Holiday? Joining Up - Royal Navy Recruiting 6
J Six weeks paid holiday? Joining Up - Royal Navy Recruiting 6
A Deck officer holiday RFA 3
BillyNoMates A holiday not. Diamond Lil's 30
Y HMS Sultan Easter Holiday? Joining Up - Royal Navy Recruiting 21
AAF Highland holiday. Travel & The Great Outdoors 13
J Travelling abroad on holiday Current Affairs 10
S Joining up & Holiday Joining Up - Royal Navy Recruiting 10
garythebird Holiday Advice Travel & The Great Outdoors 24
BillyNoMates Open day today Bank Holiday (6-5-2013) Submariners 2
SONAR-BENDER Billy's holiday phots Diamond Lil's 12
J Going on holiday Joining Up - Royal Navy Recruiting 1
MoD_RSS Busy holiday season for Culdrose rescue crews Current Affairs 0
Naval_Families_Federation School Holiday Activity Camps: Portsmouth Current Affairs 0
Ageing_Gracefully Free Kindle books Bank Holiday w/e 5/6 May The Book Club 0
S Holiday to China Travel & The Great Outdoors 5
BillyNoMates Latest Norfolk Broads Boating Holiday Promotional Video. Diamond Lil's 1
soleil Mail: "RAF And Royal Navy Pilots In The Cockpit On Your British Airways Holiday Jet" The Fleet Air Arm 1
soleil Florida Times: "British HMS Dauntless Stops In Mayport Through July Fourth Holiday" The Fleet 0
trelawney126 Council Funded Holiday goes Tits Up Diamond Lil's 6
NotmeChief Nice Quiet Holiday in China Travel & The Great Outdoors 3
Similar threads


















































Latest Threads

New Posts

Top