Yes! Prepaid travel cards make it easy to get cash in the local currency without the risk of using your own debit card, costly credit card cash withdrawals or the hassle of traveler’s checks. Read our blog post to learn the benefits of this type of card and the best way to manage your money abroad.
What Type of Currency Can be Loaded on Prepaid Travel Cards?
Union Bank Travel Cards are loaded in US dollars. When purchases are made in a foreign country, the currency is automatically converted at the time of purchase. This is ideal if you plan to visit more than one country during your trip because you receive the best exchange rate at the time of the purchase and don’t have to keep track of multiple currencies. And, you don’t have to worry about having to convert any unused funds on your card to another currency when you return home.
What Are the Benefits of Having a Prepaid Travel Card?
Safer Than Cash, Debit, or Credit
Travel cards can help protect your money while traveling internationally. Their biggest benefit is ensuring you aren’t walking around with a lot of foreign bank notes on you at one time. That can be bulky to carry around, a pain to keep track of, and easily stolen.
Compared to debit and credit cards, travel cards are ultimately more secure. All three are protected by a PIN and/or signature; however, travel cards aren’t linked to your bank account. This prevents a fraudster from accessing your funds or obtaining personal information about you besides the name on the card. Plus, if your travel card is stolen, the funds can easily be transferred to a replacement card.
Handy Tool for Budgeting
When traveling, it can be easy to get caught up in the excitement of being abroad and accidentally overrun the credit card. That’s where travel cards save the day. Because they are prepaid, you control how much money you load onto the card before you jet off. This built-in limit helps you stick to your travel budget and keep track of your spending habits.
The amount you can load varies depending on the card provider. At Union Bank, your card can be loaded in amounts of $100.00 – $5,000.00 with a maximum balance of $10,000.00.
Many frequent international travelers prefer carrying a travel card because it can be reused again and again. You can easily reload yours via bank account transfers, direct deposit, or cash—both online and in-person. This means you can just focus on enjoying your trip instead of worrying about where and when you’re going to get your funds.
Purchase Your Union Bank Travel Card For Your Next Trip
As travel begins to pick back up, you’ll want to start preparing for your next getaway. The prepaid Union Bank travel card can be used worldwide everywhere Visa debit cards are accepted—and it’s safer than cash. Stop by your local branch and get your travel card today!