5 Smart Ways to Carry Cash Whilst Travelling
Date Posted: 07/09/2024
Cash has always been a secure favourite payment method for British holidayers. But how can you make sure you're being as safe and savvy as possible on your adventures? Whether you're collecting your Krona or looking for the best deals on Euros, these tips will help you sort your foreign exchange and stay money-safe abroad!
Staying Safe with Cash Abroad:
1) Split Your Money
Storing your money in more than one place is one of the best ways to make sure you're never left without some backup cash in case of an emergency. Similarly, when going out, it's best practice to only take out the money you need each day. This way you can minimise the amount of cash you lose if a wallet or purse is misplaced or stolen.
2) Consider a Money Belt
If you want to keep your cash close, a money belt is the answer. These wearable wallets are often slim enough to hide under clothing easily and stop would-be thieves.
3) Trim Your Wallet
We have all looked in our wallets and found a long-forgotten business card or heard the endless jingles of loose change. So use your holiday as an excuse to have a clear out. After all, are you going to need your coffee stamp card 10,000 miles away from your local shop? A trimmed wallet not only allows you to travel lighter, and keep it in safer zipped compartments, it also means there are fewer things to replace if the worst were to happen.
4) Exchange Money with Official Vendors
When browsing local markets or seaside shores, it may be tempting to exchange currencies with street vendors offering competitive rates. But don’t be lured in by the promise of saving a few pounds. Similarly, it may seem like a convenient last-minute solution to getting your foreign exchange at the airport before take-off or when landing. But be aware! Airport exchange rates tend to not be good value for money. Your money is always safest with a bureau exchange at a fixed address.
5) Always have a Cashless Backup
Cash is king for many well-seasoned travellers. But for some, the best way to carry cash is not to carry it all. If you're someone who worries about carrying all their cash aboard, collect some emergency cash funds at a great rate and load the rest onto a pre-paid travel money card. At Hays Travel we offer our very own that allows you to store up to 23 currencies effortlessly, keep track of your spending, and deactivate your account with the click of a button in app.
Money FAQ's
How much money can you take abroad?
When travelling abroad from the UK with £10,000 or more in cash, you must declare it to UK customs. Similarly, if you are travelling between Northern Ireland and any non-EU country with €10,000 or more, you must also declare it.
Rules on carrying cash vary from country to country. Typically, within the EU, you must declare cash amounts of €10,000 or more, either by filling out a cash declaration form or declaring it at the airport. However, this requirement may not apply in every European country.
To avoid fines or having your money seized, always check the local rules of your destination in advance.
How much cash can you bring into the UK?
If you’re bringing £10,000 or more in cash into the UK, or €10,000 or more into Northern Ireland, you must declare it to customs. Even if individuals in your group or family are carrying less than the limit, you must make a declaration if the total cash amount exceeds £10,000 or €10,000.
Declarations can be made up to 72 hours before you travel.
Want to be extra safe when travelling abroad?
Buy foreign currency for your next holiday with Hays Travel.
