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A Guide to Keeping your Money Safe Abroad

• Written by Money Matters

Preparing for a holiday can be a stressful time, especially when it comes to your finances. Keeping your money safe abroad is important, whether it’s in the literal sense with your foreign currency or protecting your valuables whilst you’re there.

Safety and security should be on your mind at all times, and you need to be thinking about:

Perhaps the most important factor, especially for older people, is the need for travel insurance. If you’re not covered whilst you’re away, you may find yourself having to pay huge medical bills. Unlike the UK, you will need to pay for any medical attention you receive abroad. Insurance also covers you for lost luggage, any cancellations or delays, and injury. You need to have insurance in place as soon as your holiday has been booked, and don’t forget to have it in place for the duration of your trip.

It’s a lot to take in but luckily the team at Money Matters (Sainsbury’s Bank) have put together a help infographic to ensure you’re keeping your money safe abroad. On the image below you’ll see tips on preparation before the holiday, protecting yourself whilst you’re on holiday and the checks you need to make once you return.

Keeping Your Money Safe Abroad

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