EXCHANGING & WITHDRAWING CASH WHEN TRAVELLING | BASICS OF BACKPACKING #5



Let’s talk money in today’s episode! In particular exchanging currencies and withdrawing cash abroad without the massive fees!

It is a good idea to exchange a small amount of cash before you leave so you have some funds for taxi’s or a cheeky coffee at the airport. But don’t take too much cash, only enough to cover your first couple of days. Don’t carry anymore than you are willing to lose!

Using ATM machines abroad can vary. Some countries will have next to zero ATM machines which will accept foreign cards, like Japan, which is why it’s good to have cash on you till you find somewhere to withdraw.

Taking a travel card is a good idea which is where you pre-load money onto the card and spend it in different locations across the world. Some Travel Cards may freeze the exchange rate or have it flexible so you get the best exchange rate when you spend!

Using your home bank card is a popular option but can incur some hefty fee’s. Here are some tips: If you need to withdraw cash then don’t take out $50 at a time. Cover yourself for a few days and try not to use EFTPOS machines!

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34 comments

  1. omg, i just made $30,000 via hack transfer from officialextremehackers com , they are the best!

    Reply
  2. Over 25000 ATMs at 7-11 stores in Japan take foreign bank cards, in addition to ATMs at Japan Postal Bank and other banks.

    Reply
  3. I can only fit on my experience from studying in Germany but if you have a freezer or residence permit you can go to Mini Bank going to bank however you can open a normal bank account with just your passport but you need to show proof of residence

    Reply
  4. Amazing Race never talked about this 😭🤣

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  5. Japan has ATMs in every convenience store

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  6. Thanks a lot 😂😂 I am the type to never look just pay thinking it's normal rate

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  7. Only use atms that say Cirrus or Maestro. This tells you they are internationaly linked not just a local bank. Really important

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  8. Every youtuber tells that you need to have some cash on hand to clear immigration but how do I get currency of that country before I leave the airport?

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  9. Been to Japan 3 times now and the first 2 times I didn't bring any or very little yen with me and had no problem taking out money using my British Visa card. There are alot of post offices where you can easily use your card to withdraw cash. Although depending on who you are banking with there maybe alot of fees to withdraw in a foreign country.

    Reply
  10. Ally do they charge you for the fees if take money out from when you do say a food shopping for cash

    Reply
  11. What is the maximum you can withdraw with transfer wise card per month or per day ?

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  12. Beautiful eyes make me want to exchanging cash

    Reply
  13. I got 45,000 euros from lutherangrants ,com

    Reply
  14. good tips. Thank you for sharing the tips. I like your info.

    Reply
  15. Your beautiful. And amazing.

    Reply
  16. I can see that you are a smoker

    Reply
  17. I wanna visit to other countries so thank you for this information

    Reply
  18. Opened a Charles Schwab checking account attached to my brokerage/IRA acct, since they do ATM withdrawns, no foreign transaction fee and reimburse any ATM fees worldwide.

    Reply
  19. If it's a percentage fee, it doesn't matter if you transfer it all at once or ten dollars at the time.

    Reply
  20. According to my sources Japan has ATM's everywhere…

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  21. Are u Israeli???

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  22. Everywhere in Japan ATM's take foreign cards.. I don't know where in Japan you were at

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  23. ok

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  24. thank you – Please keep in mind that thee might be some foreigners watching the – Would you mind speaking slower?… Thank you!!

    Reply
  25. I knew I could rely on Aly for travel money video. PS. look how blonde your hair is!

    Reply
  26. There are several factors in teaching yourself to cash in on binary options online . One plan I discovered that succeeds in merging these is the Easy exchange blueprint (look for it on google) definately the no.1 resource i've found. Check out all the extraordinary info .

    Reply
  27. Never replies to any questions waste of time

    Reply
  28. Will ATMs in airports have worse withdrawal rates than in the city center ? Visiting Budapest in 2 days and i can't get Hungarian forint anywhere 🙁

    Reply
  29. I have also written on my blog about the experience of using credit cards during my trip overseas, you can read my experience here https://goo.gl/twZwPW

    Reply
  30. Transferwise best in the game ive transferred over 5000£

    Reply
  31. Oh God .. she's so annoying

    Reply
  32. Monzo and Revolut cards are great for traveling they are top-up cards and don't charge you extra to use it abroad they just change the curreny dependent on which country your in

    Reply
  33. @PsychoTraveller try the Faretrade App, no fees and exchange at the market rate

    Reply
  34. Cute. Nice job.

    Reply

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