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7 essentials for your holiday money checklist

16 Sep 2016

1. Keep an eye on exchange rates (or let us do it for you!) to get the best value Don’t leave it until the day before your trip to get your travel money – you may well be cheating yourself out of a healthy wad of extra cash by buying currency on a day when the exchange rate isn’t brilliant.

Make your spending money go further and keep your cash safe with our top tips.

Sign up to our free Rate Watch service and we’ll send you an email or text on the day your desired exchange rate is reached so you can snap up a good deal and make your holiday money go further.

2. Check your hotel has a safe
When booking your accommodation, all good travel websites will list the room and hotel facilities. Make sure you book a room with a safe (ideally one that’s in the wall) – or at least a reputable hotel with a secure safe in its office. That way you can take only the cash you need each day and leave your room safe in the knowledge the rest of your currency will be there waiting for you when you get back.

3. Carry your money safely
Of course, popular tourist areas are targeted by pick-pockets, and one of the best ways around this is to wear a money belt. At the very least, make sure you carry your purse or wallet in a bag with a secure zip fastening and preferably a flap covering the zip. Something like this is good – basically, make sure it’s as hard as possible to open your bag to stop thieves from ruining your holiday.

4. Consider a multi-currency passport
If you’re thinking of using debit or credit cards abroad, think again – the charges for transactions can put a real dent on your spending money. The Multi-Currency Cash Passport is free to load with currency and there are no transaction fees – plus the small ATM fee is lower than the overwhelming majority of credit and debit cards.

And, of course, if the card is lost, stolen or damaged, there’s a 24/7 helpline that will send you emergency cash or a replacement card so you can get on with enjoying the rest of your holiday.
These are especially good if you’re a frequent traveller or going away on gap year travels – read up here on the full benefits and fee guide.

5. Tell your card provider
If you are taking a credit or debit card in case of emergencies, make sure you tell your bank or card provider when and where you’re going away. Notifying them will make sure they don’t block any overseas transactions as a suspected fraudulent use of your card.

6. Prepare a holiday wallet
Make sure you don’t forget anything important like your European Health Insurance Card or driving permit by preparing a holiday wallet filled with your travel essentials so you’ve got everything stored in one place. Martin Lewis of Money Saving Expert has a helpful guide about creating one here.

7. Plan Ahead for Leftover Currency

Your post-holiday glow can quickly fade when you try to convert leftover travel money back into pounds. We offer competitive sell-back rates all year round, and if you use our Original Rate Buy Back Service you can receive a like-for-like refund, hassle-free. You can use the money you save towards your next trip…

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