Expat Community > Nicaragua

bonobobob
Joined 2013
Posts: 19

Debit card backup

11 years ago

I’ve been searching the forum for how others back up their US debit card, but not finding much.

I’ll be in Granada and the coast area for 3 ½ months, then to Ecuador for a month and a half to get certified for teaching English as a second language, and then it’s up in the air.

I’ll be taking my debit card from the credit union, and a small amount of cash for when I arrive.

But that leaves all my financial resources tied to my debit card, so I’m trying to figure out ways to cover myself if it gets lost or stolen.

The ideas I have so far:

One idea is to open an account at BANCentro when I get there so I have another account and debit card, but I read somewhere most Nica bank cards are not accepted outside of the country. That also might take a while to set up.

Another idea is to buy a couple prepaid VISA cards here and put some money on them so I can pull cash from an ATM in an emergency.

A third idea is to leave cash here with a friend and if necessary he can use Western Union to wire money to one of the three western unions I see listed for Granada, but I’m not sure how readily a bank would cash them for me.

Any other ideas or comments on these?

Thanks,
Bob

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Expat Community > Nicaragua

Debit card backup

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