Money - South America
Author
Discussion

Henry Hawthorne

Original Poster:

6,549 posts

246 months

Tuesday 26th April 2011
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Hi all,

I'm going to South America this summer, but not sure what to do about money...


Do I get one of those pre-pay cards from the Post Office that act like a debit card? Do places actually accept this?

Do I take travellers' cheques? A bit old hat and st?

Ideally I want a Santander Zero account, but they need 1000 into the account each month and some sort of savings account with them too which I just can't do since I'm a student.


My Natwest current account will end up costing me a few hundred quid in withdrawals/spending over a couple of months, so would obviously like to avoid this if possible!

All suggestions welcome!

TIA

davepoth

29,395 posts

229 months

Tuesday 26th April 2011
quotequote all
Take your debit card - provided you are in town you'll find plenty of cash machines that work. Factoring in the more or less constant pickpocket risk it'll substantially reduce your exposure. Try and keep something back at the hotel (credit card) just in case the worst happens and you get robbed. Get a savings account, leave a couple of hundred in the current account, and then top it up by internet at the hotel.

American iv

468 posts

226 months

Wednesday 27th April 2011
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what he says.

You'll want to pay with cash 90% of the time as it'll be cheaper, similarly, take a mixture of dollars and local currency. Take the money you need out for the day and leave the cards at the Hotel / Money belt etc. Have a small amount in your accessible pocket, but bigger monies hidden.

HSBC Premier is free from withdrawl fee (although they charge a 2.75% conversion charge). Smile are the same for Credit Cards smile

Henry Hawthorne

Original Poster:

6,549 posts

246 months

Thursday 28th April 2011
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Great, thanks, think I'll go down that route then.

BigAlinEmbra

1,629 posts

242 months

Friday 29th April 2011
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As above, take a stash of dollars and then just use ATMs with a card. Just view the fees as part of the cost of travelling.

Make sure you have a fair stash of notes before entering Bolivia if you go there, compared to Peru, Chile and Argentina it's a bit harder to find a cash machine that dispenses.

Chilli

17,320 posts

266 months

Friday 29th April 2011
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Might be an idea to phone your bank and let them know you intend to use foreign ATM's...else they'll block your card.