Key Post: IFSRA on how to access money when travelling

S

sueellen

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Preloading a credit card and making cash withdrawals has always been the most cost effective way of accessing funds when travelling for me personally but this may be because, by chance, I happen to have a card that doesn't lay on the charges too thick (i.e. TSB VISA - charges 1.75% forex charge for non € zone withdrawals and no other charges - cash ADVANCES do attract additional charges and interest though). The following IFSRA guides might be of interest in this context:

IFSRA Publications page:

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01/06/2004 * * * * Travelling in the eurozone - how you can get your money factsheet (130.03 KB PDF) Issue 1 / June 2004

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01/06/2004 * * * * Foreign currency - get the best value factsheet (140.20 KB PDF) Issue 1 / June 2004

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I used to preload my CC when I was going abroad until I read on another board, Fool.UK I think, that if money is taken from your account or if the card is stolen that the CC company will not be liable for the amount that you were in credit.

I'd advise anyone to check the position with their issuer before they preload.
 
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