When travelling overseas, many people have concerns over keeping their money safe and secure. Often, you end up walking around with large sums of cash as international withdrawals can cost a fortune. When you factor in that you are a tourist in a foreign country (which may have higher crime rates than back home), it is easy to see why people fear being robbed on a business trip.
Fortunately, there are a few great ways to keep your money safe and secure when travelling abroad:
Pickpockets are very good at what they do. A pickpocket can take your wallet straight from your pocket or purse without you realising, so it is important that you keep any cash in areas which they cannot reach. A money belt fits comfortably across your stomach so that you can carry cash beneath your clothes. In addition to your money, you could also store credit cards, your passport and other important items here.
If you are carrying large sums of cash, never keep the entire stash in one place. Instead, keep some in your wallet, some in your sock, in your money belt, in the safe at the hotel and other areas that are secure. This way, you will not lose all of your money if you are the victim of crime (just remember where you keep it all!). It is a wise idea to only carry what you need for the day and leave the rest in the hotel safe.
List of Bank Numbers
Create a list of your credit and debit card numbers along with contact details for your bank. If your card is lost or stolen, you must contact the bank immediately so that they can cancel the card. Remember to keep this list safe too, or alternatively email yourself these details.
When paying for something, be discreet and do not draw attention to yourself. Ideally, you should have the money ready and avoid counting your cash in busy areas. You should also pay attention to your surroundings at all times and never leave a purse or bag unattended.
Virtual Payment Solutions
Virtual payment solutions, available from companies like AirPlus, are a great alternative to carrying cash. This is a virtual credit card where single-use MasterCard numbers are generated for a predetermined number of purchases. Spending limits can be set and the number stops working once this is met. This provides great security whilst also stopping overspending.
Travelling abroad with your money can be dangerous and worrying. The above steps will help anybody to keep their money safe and secure whilst overseas.