When it comes to purchasing holiday money, many of us leave this till the last moment and sometimes completely ignore it until you have arrived at the airport.
When to buy your currency? The timing should ideally be 1 month prior to your departure. This way you can do your research, as currency markets fluctuate almost every hour. Whatever you do not buy holiday money at the airport, as this is the most expensive way you can purchase your holiday money. Like your holiday, air ticket, car hire or travel insurance shop around to get the best deal.
We at Travelorama have made it simple for shoppers as we have partnered the best comparison website for Holiday Money. This is to give our customers the best exchange rate in real time. Rather than having only one company we will give you the a choice of many companies with the best rate at the time through a unique search engine. We will do the work for you in getting the best rate.
Few useful tips to consider when buying Holiday Money.
Using foreign currency at your destination – It’s good to have some local currency on you to use for taxi’s, tipping and for food or drink. You have to check the limit of currency you can take without declaring it at the customs. Different countries have different rules and regulations on their limits of currency you can bring. You can check further by clicking on the Government website Gov.uk .
Where can you buy travel money : Banks, Post Office, Specialist Websites, Super Markets, Bureaux De Change, Foreign Exchange Brokers.
It can be picked up in store or can be delivered to your home. There will be a fee for it to be delivered to your home and minimum order amount. Usually it’s around £7-£10 fee. Some brokers or online websites will do it free if you order more than £1000. You have to sign upon delivery. Make sure when ordering currency to get a good mix of notes from small to lager notes.
Using Your Credit or Debit Cards Abroad
- Always make sure you inform your bank or credit card company 24 hours prior to your departure, that will be away till such time at your holiday country. This will make them aware it is you who is using the card and will cut the hassle of the card been blocked.
- Check with your bank or credit card company the charges for withdrawing cash, usually 2% for banks and 3% credit cards.
- You also may consider using your cards abroad, as the banks may give you a low exchange rate against the local currency.
- If you use your credit card for purchases, make sure you pay your purchases in full before a month or you will be charged with interest.
- When paying for food or purchases, don’t leave your card unattended at anytime, don’t let staff take your card away from you.
Using Pre-Paid Card while on Holiday
- This is another alternative way you can use to pay at your destination, rather than carrying cash or using your cards.
- You can load local currency to the relevant country you are holidaying.
- You won’t over spent as you know how much you have loaded and once it finished your card won’t work till the next top up.
- It’s advisable to top up from UK, what you think is necessary as if you top up at local ATM, you might be charged 3% and even a top up fee on some cards.
- If you have a balance on your top up, you can use it on your next holiday or your can use it in UK. Always ask the questions before you purchase your top up cards, as certain companies have different policies.
Thank you for visiting our Holiday Money page and hope the above tips will be useful for your holiday money purchases. If you need any further questions, please do not hesitate to speak to our travel experts on 01913481520-21