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Old 04-22-2005, 03:08 AM   #1
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Default Drawing cash in out of the way places

Isabel and I are doing a circumnavigation soon.

We have money in UK and New Zealand banks.

We'd be grateful for any advice on the best way to make routine sums available wherever we are. The plan so far is to invest in secure ways in those two countries, and have the interest transfered to ????? which we can get at from where we happen to be.

Steelfan
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Old 04-22-2005, 07:48 PM   #2
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The commercial investment houses, such as Merrill Lynch (which has a branch in NZ and UK, I believe) will issue you a VISA credit card. Then you need only obtain cash through the credit card - either as a cash advance, or through your purchases. We've found ATMs virtually everywhere we've been, even in Indonesia and Easter Island.

The advantage is that you only take as much money as you need. The Merrill Lynch VISA (but please verify this) behaves like a normal credit card, but the balance is paid off automatically every month so there are no bills sent to you, and no interest charges incurred. It's better than a debit card - you get the advantage of up to a 30-day float on your money, and you don't have any interest charges, or late fees, ever!

I believe in carrying only as much money as I can afford to lose. Our switch to Merrill Lynch made it possible for us to live that way while cruising.
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Old 04-23-2005, 04:35 AM   #3
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Me and my wife went to London about 2 years ago, and drew some money at an ATM on a Sunday. The machine swallowed our USA issued card for some reason, and tore it up! We were stuck. - No banking services, no attendant at this ATM outside a closed shop,....nothing.

What I learned from this:

Have more than one credit/debit card.

Only use ATM's at banks, with banking personnel on weekdays.

Use only ATM's that allow you to swipe your card ( and not insert it)

Have travelers checks available for an emergency.

Leave some cash on the boat.

We envy you guys! :P
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Old 05-06-2005, 03:42 PM   #4
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Hamsailor makes some very good points

its just common sense really

always have a system for emergencies, espescially in remote parts of the world, keep copies of important documents, never keep all imnportant documents/money in one place

and try to have fun
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