Canadian Dollar Card

Published on 13 July 2012 by Raffick Marday

Canadian Dollars Travel Money Cards

If you are going to Canada on holiday consider getting a travel money card that is preloaded with Canadian Dollars. By buying your Canadian dollar travel money in advance you secure a better exchange rate plus you know how much money you have to spend with.

When taking up any travel money card Compare prepaid would suggest you take out two cards and only activating one. When you get to Canada put the other un-activated card in the safe with your passport and travel documents. If you lose your card while you are away in Canada you can then cancel the lost card and activate the card you left in the safe. This process will ensure that you are never left short and never get stuck without cash.

Can US Dollars be used in Canada

Yes many retailers in Canada will accept US dollars. As Canada uses Canadian dollars you may be better off checking the exchange rate first to see which one offers the best rate. But it is also suggested that you have Canadian Dollars as well as it is the legal currency tender in Canada.

Payment methods in Canada

MasterCard and Visa are both widely accepted in Canada as well as all major credit cards. American Express and Diners Club are universally accepted. In smaller towns to be sure it is advisable to take some cash just in case.

When it comes to paying for fuel please note that your travel money card will not work in a drive in, if you take your travel money card to the counter it will work. Also you can not use to pre book hotels as a credit card is required.

Any Road tolls, on the major routes between cities, can be paid using MasterCard or Visa.

Currency used

Canada’s unit of currency is the Canadian Dollar (CAD), which is divided into 100 cents. Notes come in denominations of One dollar and two dollar denominations also 5, 10, 2, 50 and 100 dollars where coins come in denominations of 1c, 5c, 10c, 25c, 50 cents.

Banking – ATM Machines

Canada is an extremely popular destination. From the moment you step off the plane you will see everything you need from banks, bureau de change and ATM’s.

Drive in banks open between 8 – 8.30am and all other banks are open from 9 – 9.30am to 4.30 pm Mondays to Fridays, – Not all banks are open on Saturdays but generally 9.30am to 12am. Airports provide banking facilities to accommodate international flights.

All the major banks have (ATMs) and you will find them in all shopping centres, larger towns and large population areas.

Cashing travellers cheques may be cheaper cashing at the hotels as some banks charge a small fee to exchange.

How far will your Canadian dollar go?

Depends on the exchange rate but over the past several years converting sterling in to Canadian dollars has been good. It is also suggest that you sign up to TorFX market updates, this way you will be able to monitor the exchange rates and get a feel for how much money to take with top tips when the rate hits a high note.

Canadian dollar travel money

Looking to buy holiday money consider carrying a variety, Take enough Canadian Dollars to last you a day or so in cash, then split the rest in to travellers cheques and a Canadian Dollar travel money card. Canadian travel money cards are new and offer a better exchange rate than travellers cheques and travel money. With the providers above you can buy all three at once.

Why Use Canadian Prepaid Currency Cards?

By getting a canadian travel money card you secure better exchange rates. On average 8% better than exchanging currency at Airports – 4% better currency than Traveller’s Cheques and 5% better currency than Bureau De Change.

When traveling abroad everybody wants to secure cash. Using prepaid travel cards is a feasible option and helps travel without the need of carrying cash. By using travel currency cards or prepaid travel cards you can control spending and also keep an eye on the overall amount you spent by checking your balance with SMS.

Some other prepaid currency cards include cash passort visa card, net+ prepaid mastercard currency card or a sterling currency card where you exchange as you go. You can compare all the prepaid currency cards available and select the best among them when you exchange money simply by checking online for our currency cards comparison pages.

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