Scott,
On my 2005 trip across the Pacific I had $25,000 in cash on
board, and it was gone by the time we reached Australia. I
had to beg the bank to increase the daily limit on my ATM
card to pay for some of my repair bills incurred along the
way. (Thank goodness I had a personal relationship with
my banker...)
There's no restriction on how much you can take out of the
country. The only requirement is that you declare it. I
did
that while in Honolulu getting my outbound clearance.
I'm changing all our credit cards, bank accounts and other
financial records to reflect our cruising lifestyle. This
includes making a chart of what accounts exist, how they
are funded, verifying online access via unique usernames
and passwords and so forth. A question came out of this
exercise: How much cash is reasonable take on the boat. I
know you can take $10,000 out of the country at a time.
It seems that having a few grand around would be a smart
thing, in small bills divided up in different parts of the
boat (and written down someplace so you can find it). I'm
curious how much voyages use cash versus credit/atm cards,
and if those credit or atm cards have ever been hijacked?
Thanks, Scott Bulger
Alanui, N40II, Seattle WA
Passagemaking Under Power and PUP are trademarks of Water
World Productions, formerly known as Trawler World
Productions.
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Scott,
On my 2005 trip across the Pacific I had $25,000 in cash on
board, and it was gone by the time we reached Australia. I
had to beg the bank to increase the daily limit on my ATM
card to pay for some of my repair bills incurred along the
way. (Thank goodness I had a personal relationship with
my banker...)
There's no restriction on how much you can take out of the
country. The only requirement is that you declare it. I
did
that while in Honolulu getting my outbound clearance.
> I'm changing all our credit cards, bank accounts and other
> financial records to reflect our cruising lifestyle. This
> includes making a chart of what accounts exist, how they
> are funded, verifying online access via unique usernames
> and passwords and so forth. A question came out of this
> exercise: How much cash is reasonable take on the boat. I
> know you can take $10,000 out of the country at a time.
> It seems that having a few grand around would be a smart
> thing, in small bills divided up in different parts of the
> boat (and written down someplace so you can find it). I'm
> curious how much voyages use cash versus credit/atm cards,
> and if those credit or atm cards have ever been hijacked?
>
> Thanks, Scott Bulger
> Alanui, N40II, Seattle WA
> _______________________________________________
>
> Passagemaking Under Power and PUP are trademarks of Water
> World Productions, formerly known as Trawler World
> Productions.
>
> To be removed from the PUP list send an email with the
> subject "unsubscribe" (no quotes) to the link below:
>
> mailto:passagemaking-under-power@lists.samurai.com
>
> Passagemaking-Under-Power Mailing List
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