EXCHANGING & WITHDRAWING CASH WHEN TRAVELLING | BASICS OF BACKPACKING #5

EXCHANGING & WITHDRAWING CASH WHEN TRAVELLING | BASICS OF BACKPACKING #5

Let’s talk money in today’s episode! In particular exchanging currencies and withdrawing cash abroad without the massive fees!

It is a good idea to exchange a small amount of cash before you leave so you have some funds for taxi’s or a cheeky coffee at the airport. But don’t take too much cash, only enough to cover your first couple of days. Don’t carry anymore than you are willing to lose!

Using ATM machines abroad can vary. Some countries will have next to zero ATM machines which will accept foreign cards, like Japan, which is why it’s good to have cash on you till you find somewhere to withdraw.

Taking a travel card is a good idea which is where you pre-load money onto the card and spend it in different locations across the world. Some Travel Cards may freeze the exchange rate or have it flexible so you get the best exchange rate when you spend!

Using your home bank card is a popular option but can incur some hefty fee’s. Here are some tips: If you need to withdraw cash then don’t take out $50 at a time. Cover yourself for a few days and try not to use EFTPOS machines!

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