New to Travel - Dollar account ?
Travelling to SE Asia next year, should I open a US Dollar account?
N Posts: 1
Hi,
New to the forum, and I'm looking to travel next year to SE Asia for 10-12 months and was after some advise.
I haven't even begun planning yet, backpack, route etc but have started saving for it, my question is would it be better to open a USD bank account (I'm in the UK) to save for the trip and use whilst travelling or should I just save in GBP, I only ask as the dollar rate is at its best and in theory I should get more for my money ??? Tickets/insurance etc are going to be brought separately with GBP so I won't loose out there, but would it be better to travel with a USD rather than GBP account ?
Thanks for you help, and this will no doubt be the first of many questions !!
Tim
Reply to this
New to the forum, and I'm looking to travel next year to SE Asia for 10-12 months and was after some advise.
I haven't even begun planning yet, backpack, route etc but have started saving for it, my question is would it be better to open a USD bank account (I'm in the UK) to save for the trip and use whilst travelling or should I just save in GBP, I only ask as the dollar rate is at its best and in theory I should get more for my money ??? Tickets/insurance etc are going to be brought separately with GBP so I won't loose out there, but would it be better to travel with a USD rather than GBP account ?
Thanks for you help, and this will no doubt be the first of many questions !!
Tim
Reply to this
B Posts: 4,685
Hi Tim - welcome to travelblog.
Unless you are earning US Dollars - don't open a dollar account.
The US dollar is falling and looks set to continue - though that's a gamble (it could switch!)
You pay to convert from GBP to USD
The GBP is almost as exchangeable as US dollars - so you won't lose out.
It's good to have about $100 in $20/$10 bills when travelling - to pay for entry and exit visas.
Most people now rely on ATM's and their home current account when travelling - I do and very rarely have problems. Reply to this
Unless you are earning US Dollars - don't open a dollar account.
The US dollar is falling and looks set to continue - though that's a gamble (it could switch!)
You pay to convert from GBP to USD
The GBP is almost as exchangeable as US dollars - so you won't lose out.
It's good to have about $100 in $20/$10 bills when travelling - to pay for entry and exit visas.
Most people now rely on ATM's and their home current account when travelling - I do and very rarely have problems. Reply to this
B Posts: 23
heya i have no clue about se asia. but i have had no probs with atm. anyway i recomend travel ex. the withdrawl fees are less and its a safe way to carry money as if someone steals the card all they can take out is what u put in Reply to this