Explore the world, gather experiences, enjoy your time travelling – and finally without your parents. It’s an incredibly exciting time when you’re about to go on your first big trip alone or with friends. Everything is packed; you have your backpack at the ready. The big day approaches. Perhaps you hide a few tears as you say goodbye and embark on your trip. But a lot can happen when you’re travelling. And some of it can be stressful, especially when it comes to money. For example:
Your first big trip without your parents – and without money problems
It’s finally time: you’re about to take your first big trip without your parents. That’s great! But don’t forget that you’re also responsible for managing your own money now. We list a few scenarios to be aware of and explain the workings behind international payments.
You notice while travelling that you still need to pay an outstanding bill abroad
You’re enjoying a train journey through Italy with your friends. The others have nodded off and you finally have time alone with your thoughts. As you list the next stops of your journey in your head, you realise with horror that you haven’t paid for the hotel you booked for the last stage of your trip through Europe.
You run out of spending money after the first few days of your trip
A few drinks, a night out at a club – travelling without your parents can get pretty expensive. Before you know it, you’ve run out of spending money and there’s nobody to help you out.
You get homesick
You weren’t expecting it, but suddenly it hits you: you’re homesick. Your friends are starting to get on your nerves and the journey seems to be going on forever. You long for a shower and a good meal at home, and you want to go shopping to buy your loved ones something nice.
Your wallet gets stolen
You get distracted for a second on a crowded subway and before you know it, your wallet is gone.
You’ve used up your credit card limit
Your big adventure is coming to an end and you’ve almost reached your credit card limit. A few days before your flight home, you realise you still need to book the trip to the airport.
Dealing with travel-related money troubles
With a PostFinance Card and credit card for worldwide cash withdrawals (e.g. when your spending money runs out) and payments (e.g. souvenirs for your parents!) as well as a travel card (that can be replaced free of charge if lost or stolen), you are perfectly equipped for your journey. There are also situations where you need to pay amounts directly from your own account to an account abroad. You can do this using foreign payments in e-finance. These are also called Giro international or SEPA for payments within Europe.
Making foreign payments while travelling
How do you pay outstanding bills for suppliers abroad (e.g. for a hotel bill, a travel agency, or a car rental service)? You take out your smartphone, log in to e-finance and make an international payment under “Transfer”. When you choose the amount, the currency, the recipient, and transfer type “Account transfer”, you trigger an automatic Giro international payment for worldwide transfers or a SEPA for transfers within Europe. With Giro international, the amount is settled within two to four days, with Giro international urgent, it is generally settled on the same day. SEPA payments are credited within one working day. These are free of charge within Europe, provided they are settled in euros and the IBAN of the recipient is known.