When going on holiday money can be a hassle – and this doesn’t merely relate to accumulating it. There is nothing worse than going abroad and having to carry lots of cash. You constantly worry about whether the money is safe, once you get to the hotel you then have to spend your money on a safe, and it all just seems like one big inconvenience. And that is because it is. If you search around you will see there are some fantastic alternative solutions, but none of them are quite as impressive as cash passports.
A cash passport looks nothing like your typical passport. In fact, it is simply a card – just like the debit and credit cards you have in your purse or wallet at present. The card is prepaid. This means that you will load funds onto your card before you travel. But don’t worry, if you run out of money whilst you are abroad then you will have the possibility to top your card up.
The reason why cash passports are such a great choice is that they are a lot safer than carrying around your money yourself. Your card operates the same way as a traditional debit card does in the sense that you will have a PIN. Therefore, security is a priority. In addition to this convenience is assured. How much easier can you get than carrying around a small bit of plastic? This definitely takes away the hassle.
Aside from convenience and security, there is one benefit that makes a cash passport soar above all other methods of travel money. This is the fact that a cash passport can hold various currencies. This means you can top up your card in pound sterling, euro, or dollar, or any other currency that is used in the place you are going to. But that’s not all. The card automatically knows the currency of the place you are situated in. Thus, say you are in Australia and have no clue regarding what currency to use, your card will detect that it is Australian Dollar.
Of course, you will have more options available to you if using the likes of Mastercard and other big brands, so you may want to read up on how to get off match list if required.
Essential tips to ensure safe money transfers to foreign countries
As the world becomes a more integrated place the need to send money abroad is becoming more and more frequent. People may have family in other countries, they may have businesses abroad, they may a holiday home abroad, and they may have investments in different countries – the reasons for transferring money to a foreign account are endless.
Nevertheless, you need to make sure you are savvy when it comes to doing your international money transfer like sending money from UK To India. There are lots of great companies online offering this service but you need to make sure you don’t fall into the trap of a bad one.
The first thing you need to do is get a feel for the company you are considering doing your transfer through. The questions you need to ask yourself are: Has the company been running for a long time? Do they have a credible reputation? Are they easily contactable? Do they have many branches throughout the country? Is their website secure? If you consider all of these points then you will come to a solid conclusion regarding the reputability of the company. This is important because your money must be in the hands of someone trustworthy, efficient, effective, and credible.
Now you need to deal with the transfer process. You should be given the exchange rate upfront and there should be no added or extra hidden fees. You need to be assured that you will be given a receipt as well – proof of transfer is essential. If you do not take the effort to unearth this information then you can easily find yourself faced with extortionate costs or a rubbish exchange rate. Therefore your money will be deflated in amount. An honest and