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Planning an overseas holiday

Whether you’re roaming around Europe, backpacking through Asia or taking the family to Disneyland, an overseas holiday is something we all look forward to. Help keep your trip stress and hassle free with our tips to help you plan your next holiday abroad. 

Tackling the main costs:
  • Airfares and accommodation: Likely to be two of your biggest costs, book early to get the best deal – try flight comparison and travel booking sites for specials. If you have flexibility with your dates, consider travelling during the low seasons.
  • Entertainment: Find out what tours and activities are available and see if there are any discounts if you book in advance. Check if any local taxes apply to purchases, or if tipping is expected.
  • Food: Do some research about your destination to understand how much you should budget for. Look for hotel specials with breakfast included or accommodation with a kitchenette to save on food costs.
  • No matter how much you plan, there may be costs that you haven’t accounted for - whether it’s extra shopping or an emergency situation, it’s important to make sure you have extra funds up your sleeve.
  • Insurance, passports, vaccinations: Find out if you need any special visas or vaccinations, and plan for these costs early.
  • Remember that exchange rates can change significantly in a short amount of time and this will impact how much spending money you will have.

If you’ve got plenty of time before you leave, open a savings account so you can make regular deposits until you have enough saved. You can even set up a savings goal in NetBank to keep you motivated. If you’re short of funds, a personal loan could be an option. A credit card is handy for paying for large purchases such as flights and accommodation. Some offer useful extras like complimentary international travel insurance, and you can also earn points as you spend if you have an awards credit card

  • Think about how you’ll spend and access your money and if you’ll need to do any online banking while you’re away. Whether it’s cash, traveller’s cheques , credit/debit or prepaid travel cards, learn about the pros and cons for each.
  • Keep a close eye on exchange rates in case you want to buy foreign currency or lock in a good rate with a Travel Money Card.
  • Take care of all the essentials, such as making sure you have the right level of travel insurance, a valid passport and appropriate visas, and depending on your destination, you may need certain vaccinations or medicines so have a chat to your doctor.
  • Photocopy your key documents – take copies with you and leave another set with someone you trust at home, along with a copy of your itinerary.
  • If you’re taking your phone, ask your mobile provider about global roaming fees and charges.
  • Register with Smartraveller and stay up-to-date with all the latest travel information.
  • Let us know before you go so that we can make sure nothing suspicious happens on your account/s. You can do this through NetBank, by calling us or just visiting a branch.

  • Make sure you keep a close eye on your accounts (through the CommBank app and NetBank) and report anything that you feel may be suspicious.
  • Keep a close eye on your spending. If you have a Travel Money Card, remember that you can reload your card fee-free at any time in NetBank.
  • Most importantly, have fun and enjoy yourself.

Checklist for planning an overseas holiday

 Travel Money Card - a secure, convenient way to access your money overseas

 Take a small amount of local currency with you, so you're not caught without cash when you arrive

 personal loan could be another option to help fund your travel costs.

Important information

The information in this newsletter has been prepared without taking account of the objectives, needs, financial and taxation situation of any particular individual. For that reason you should, before acting on the information, consider its appropriateness having regard to your own objectives, needs, financial and taxation situation and by considering the terms and conditions of any products mentioned and if necessary, by seeking appropriate professional advice.

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