Title: Know the best ways to carry money abroad
1Know the best ways to carry money abroad
- Vacationing abroad travelling to international
destinations needs lot of planning, preparations
and Foreign Exchange hassels.
2Multiple options
- Prepaid travel cards
- Mobile Wallets
- International debit and credit cards
3Prepaid travel cards
- Prepaid forex exchange card is the safest and
cheapest way to carry money abroad and widely
used across the world. - It is loaded with funds at the time of
purchasing the card. - While issuing the card some organizations might
charge a nominal fee while others gives it for
free even without any processing fee.
4Mobile Wallets
- With technology shaping up our lifestyle, mobile
wallets have contributed a lot in that process. - To add to it more, with Paytm wallet Uber users
can pay for their rides abroad in Indian
currency. - Paytm will not charge any conversion fee other
5International debit and credit cards
- If you use your debit card to withdraw money
abroad around 3.5 is charged as transaction fee.
- The exchange rate for ATM withdrawals is
generally the VISA/MasterCard wholesale exchange
rate prevailing at the time of transaction. - A Prepaid Forex Card or Multicurrency Travel Card
with all its benefits is a hassle free way to
carry and spend money abroad, but comparing it
with all the different offerings then taking the
card that suits you, is advisable as even small
differences may result in huge charges.
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