What is the Cheapest Way to Pay Abroad?
01 June 2010 - Which Way To Pay
What is the
The travel money market is growing to huge proportions, but what exactly is the cheapest way to pay abroad?
Compare the Options
Before you embark on a trip there is usually a ‘to do’ list to check off. This might include making sure your passport is valid, booking flights/other modes of transport, organizing accommodation, not to mention the sun screen or ski pants!
Travel money is an essential part of any trip abroad but the variety of providers is so large it can be difficult to know where to begin. You can choose from:
- Airport currency bureau
- Online travel money
- Sticking to your regular credit card (global acceptance)
Airport bureaus are big business and the number one around the world, Travelex, dominates the market. Travelex also provides other types of travel money including travelers cheques and specialist currency prepaid cards.
But before just going for the first offer that heads your way, it is important to compare exchange rates as these vary between companies.
There are plenty of travel money firms that offer cheap rates online. They usually omit extras like commission fees and offer direct currency and travelers cheques for the cheapest possible price. They can often arrange for your currency to be delivered to a branch for easy pick up at a time convenient to you.
Currency rates change daily and even frequently throughout the day, so keep your eyes out for a good deal.