Arranging money and financial matters abroad

What is it, how do you do it, with whom, and where do you need to be?

Activities, organizations, preparations, skills, stories or vacancies abroad

Image

Page layout
 
INTRO  ACTIVITIES  STORIES  ORGANIZATIONS   SUMMARIES   SPOTLIGHT   SEARCH

Image

Arranging money and financial matters abroad

Intro

Arranging money and financial matters abroad

Money and paying abroad: how much money should you take with you, and how will you pay when traveling or backpacking?

Money and paying abroad: how much money should you take with you, and how will you pay when traveling or backpacking?

Money and paying abroad while traveling

  • When you travel, you'll be choosing between credit cards, debit cards, cash, and, in the past, traveler's checks. You'll probably wonder what to do if your debit card gets blocked or lost, etc.
  • If you want to play it safe and travel longer, it's best to ensure you have the widest possible range of payment options available.
Back to top

Taking a debit or bank card abroad?

  • You can withdraw cash almost anywhere in the world (especially in major cities). However, the number of options is increasing so rapidly that the information available is often quite outdated.
  • Before traveling outside Europe, check whether your debit card has worldwide coverage (and, for example, the Cirrus logo).
  • Check whether your debit card is still valid for a sufficient period!
  • However, it's very important to assume that you won't be able to withdraw cash everywhere.
    • Especially abroad, it's common for ATMs to be unavailable, empty, out of service, broken, or simply not accessible.
    • In many countries and in many locations, paying with a debit card or phone is still not nearly as common as it is in the Netherlands or other digitally oriented countries.
    • Moreover, your debit card can, of course, be broken, swallowed, rendered useless, stolen, or lost, and it's not easy to get a new debit card from abroad.
Back to top

Taking your phone abroad for payments when traveling?

  • In countries comparable to the Netherlands, you often have the same facilities when it comes to payments, including paying with your phone.
  • In some countries, they are a step ahead, while in others, there's still room for improvement. Payment apps might differ per country or region. 
  • The same applies to crime: in some countries, cybercriminals are much more advanced than in the Europe, while in others, they are thankfully lagging behind. So be careful where and how you use and configure your phone.
Back to top

Taking your credit card abroad when traveling?

  • The best credit card to use, or even the most suitable one, varies by country. Some countries accept only one or a limited number of cards. Carrying two cards (in order: Visa, Mastercard, Amex) is often useful.
  • Withdrawing money with your credit card can sometimes be the only way to get cash, not all card companies offer this service, or have limited international coverage.
  • Check the validity of your credit card and use it at least once at home.
  • Make sure you apply for credit cards while you still have a job: showing your payslip is often required when applying.
Back to top

Taking prepaid credit cards, money cards, or debit cards abroad?

  • Prepaid money cards are relatively new to the market. You can load these cards up to a certain amount at, for example, Visa ATMs in country X (if you have a Visa money card) and then withdraw money in the local currency from ATMs in country Y. Once you've used up your entire balance, you can throw the prepaid money card away.
  • A relatively secure system because you withdraw your money with a PIN number.
  • If you lose your prepaid money card, it's more difficult (sometimes even impossible) to get your money back than it used to be with traveler's checks. In principle, you'll receive a replacement card and an emergency supply of cash.
  • No personal information is stored on the prepaid money card.
  • You can only spend the amount you've loaded onto the card, and withdrawals cost a fee comparable to withdrawing money abroad, which varies by brand.
  • Prepaid money cards are widely used, but not universally accepted in all countries.
Back to top

Taking traveler's checks abroad?

  • Traveler's checks, also known as traveller's cheques, were previously the most widely accepted payment method worldwide. Nowadays, they have almost disappeared worldwide.
  • Traveler's checks were valid indefinitely, were also covered against loss or theft, and were usually replaced within 24 hours. If you were robbed of anything, you would generally get your money back, even if you lost your check numbers and receipt.
Back to top

Taking cash abroad when traveling?

  • Always bring enough cash to get through the first few days, and for those times when debit or online payments aren't possible.
  • Exchanging money at the borders is always an adventure in itself once you've left the more Westernized world. Generally, you'll get the best rates in the country you're traveling to, not the one you're leaving from.
  • In some countries, you must declare how much cash and payment methods you have on you upon entry, or you must exchange a minimum amount.
  • Sometimes you're not allowed to export the local currency, or you have to keep track of where you're going, and how much you've exchanged each time.
  • In a limited number of countries, the highest-value banknote is so low that you'll need a stack of banknotes at least 10 cm thick before you reach 50 euros. So don't be surprised if someone walks into a bank with an empty sports bag and walks out with a full one. This usually isn't a bank robber, but someone who needs a new TV or is collecting their monthly salary.
  • For solving problems at the border, see: solving problems while traveling
Back to top

Opening an additional bank account abroad while working and traveling?

  • Some people who go away for extended periods open a separate bank account in their country of residence with an international bank that only allows a limited overdraft limit, and then have money deposited into it monthly from a different account. This limits the risk of your entire savings being drained through misuse.
  • An additional account can be useful in case of blockages or if your debit card doesn't work on your regular account. If you're staying in a particular country for a long period of time, it can be useful to open a local bank account. This is common practice in Australia, for example. A local bank account is also sometimes required to receive a salary.
Back to top

More questions and answers about money and financial matters while traveling and abroad

Back to top
How can you safely handle your money, debit cards, and credit cards abroad while traveling or backpacking?

How can you safely handle your money, debit cards, and credit cards abroad while traveling or backpacking?

How can you safely handle your money, debit cards, and credit cards abroad?

Back to top

How can you safely handle your money, debit card, and credit card while traveling?

  • Make sure you apply for credit cards while you still have a job: showing your payslip is often required when applying.
  • Also check the expiration date of your cards.
  • Check that the bank cards you want to use to withdraw cash, have the correct logos!
  • Make sure you activate your credit card in your home country. You can activate it online through your bank and for the period you'll be away.
  • Make sure the limit on your credit card isn't too high (to prevent loss, fraud, or theft), but high enough to cover expenses such as renting a car or paying for a new plane ticket home.
  • Try to keep track of and record all activities you undertake using an ATM as much as possible. Keep your statements, as they may not always work correctly.
  • Always count the money you exchange/withdraw at a local bank counter. In many countries and locations, you can also use your credit card for cash withdrawals. This can be a real solution!
  • Consider registering your debit and credit cards with a custodian service: your bank or insurance company, so they can be blocked with a single phone call.
Back to top

How can you safely use your debit card while traveling?

  • Try to keep track of all activities you undertake with ATMs and write them down. Keep your statements. They may not always work correctly.
  • ATMs are sometimes tampered with in certain countries or regions (South Africa, Russia, etc). Therefore, keep your hand over the keys when you enter your PIN and, if possible, keep an eye on your bank statements while abroad.
  • Banks can also block your card if you withdraw money somewhere and fraud is later discovered, meaning you may no longer be able to use your card. Therefore, never travel with just one debit card or only debit cards. You also need to activate your debit card at home for use abroad. You can activate it online through your bank.
  • If you're traveling outside Europe, make sure you activate your card's international coverage; most banks now deactivate it by default.
Back to top

How can you handle your cash safely while traveling?

  • Always count the money you exchange/withdraw at a local bank counter and distribute it. Spread it out over your partner, money belt, and wallet, preferably immediately and out of sight.
  • If you're exchanging money through street vendors or at exchange offices afterward, it's best to bring a traveling companion along, count with the merchant, and count again!
  • Make sure you have a wallet that doesn't contain too much money, but enough for the next day or days. Keep excess money in a moneybelt, travel safe or other well hidden place in your luggage.
Back to top

Which payment methods and how much cash should you take with you when traveling?

  • If you want to play it safe, it's best to have as wide a range of payment options as possible at your disposal. Furthermore, the extent to which you want or need to avoid all risks depends greatly on your destination and your mode of travel.
  • See also: Money and costs while traveling and backpacking
Back to top

Where should you put your money if you need to spend a little more?

  • Abroad, you often withdraw large amounts of cash at a time due to transaction or processing fees.
  • It's best not to keep your money in one place. Put some "day change" in a small wallet and the rest in a carrying system under your clothes or in a travel safe. For added security, you can hide some "backup" money (e.g., dollars or euros) in a separate location.
Back to top

Carrying money through customs while traveling?

  • When traveling with large amounts of cash, you are usually required to declare it to customs. Failure to do so risks a hefty fine or even the loss of your money.
  • In some countries, you must declare how much cash and other foreign currency you have on you upon entry, or you must exchange a minimum amount of money.
  • Sometimes you're not allowed to export the local currency, or you must keep track of where and how much you've exchanged each time.
Back to top

Insuring money while traveling?

  • Cash money is often not covered by travel insurance.
  • Often, the insurance policies that cover cash are so expensive that they don't outweigh the risk of being robbed. That is, if you're robbed in a way that the insurance company later accepts as covered.
Back to top
Credit card: what is it, and should you take it with you on a trip or while backpacking?

Credit card: what is it, and should you take it with you on a trip or while backpacking?

Back to top

What is a credit card?

  • A credit card is a payment card that you use to make purchases on credit (you pay afterwards). It is not a direct PIN payment; the card company advances the amount and you pay it back later.
  • Nowadays, you also have debit cards that can be used as a credit card. These are often used by digital nomads.
Back to top

What can you use credit cards for when traveling and backpacking?

  • Credit cards are incredibly useful for booking things. For example, you can book plane tickets, hotels and hostels.
  • For renting a car: you often have to guarantee the deposit with your credit card.
  • Medical costs often have to be paid with a credit card.
  • Booking activities online: can often only be done with a credit card.
  • As a backup for your debit card: you can also withdraw cash with it (although it is a bit more expensive).
  • Paying a deposit: for all sorts of things.
Back to top

When do you take a credit card with you when traveling or backpacking?

  • A credit card is useful for international travel, especially outside Europe.
  • As a backup for emergencies. When travelling to countries where debit cards are less accepted (such as the US, some parts of Asia and Latin America).
  • For applying for visas or online bookings.
  • If you travel a lot and want to use travel benefits (insurance, savings system, cashback).
Back to top

Where can you buy credit cards in the world?

  • People usually take a credit card they already have
  • In some countries you can also apply for a local credit card. But if you don't live there, this is almost impossible.
  • Buying a credit card while you are travelling is therefore almost impossible. Or you have to have it sent to your home address and have someone from home send it to your holiday address.
Back to top

How can you insure credit cards via your travel insurance

  • Credit cards are often partly insured via the card itself, provided that you make the purchase with that card, for example, you sometimes have purchase insurance: in case of theft or damage to items, and cancellation or basic travel insurance
  • Your travel insurance usually covers stolen or lost cards in combination with theft of your wallet
  • Call your card company immediately to block the card
  • Sometimes there are separate credit card insurances for fraud, misuse or skimming.
Back to top

Modern alternatives to the credit card

  • A credit card means that you build up credit, which can be a financial risk. A fairly recent development is the prepaid money cards and debit cards that work on the credit card network.
The prepaid credit card
  • The prepaid 'money' cards are relatively new on the market, you can top up these cards to a certain amount at, for example, Visa ATMs in country X (if you have a Visa money card) and then use them to withdraw money in the local currency at cash machines (ATMs) in country Y. When you have withdrawn your entire credit, you can throw away the prepaid money card.
  • A relatively safe system because you withdraw your money with a PIN number.
  • If you lose your prepaid money card, it is more difficult to get your money back (sometimes not at all) than was the case with traveller's cheques in the past. In principle, you will receive a replacement card and emergency cash supply.
  • No personal details are put on the prepaid money card.
  • You can only spend the amount that you have put on the card and withdrawals will also cost you an amount comparable to withdrawing money abroad and differ per brand.
  • The prepaid money card is widely used, but not in all countries.
Debit card on credit card network
  • You will receive a regular debit card that works on the Visa or MasterCard network. It can therefore be used in all places where credit cards also work.
  • This card is linked to a real bank account, so you will also receive an IBAN.
  • You can only spend what is in your account.
  • This is usually done via an online bank (N26, Wise, Bunq, Revolut).
  • The exchange rate costs are often low, you will receive real-time notifications as security and you can work with multiple currencies.
  • It is an ideal option for backpackers that is commonly used nowadays.
Back to top

Image

Why get specific insurance when going abroad: per activity abroad
What is travel insurance, and why take out specific insurance when you go on a trip or vacation?

What is travel insurance, and why take out specific insurance when you go on a trip or vacation?

Back to top

What is travel insurance to insure your trip or vacation?

  • Travel insurance is insurance that provides coverage for risks during a trip or vacation abroad. This mainly concerns loss of or damage to your luggage, medical assistance in the event of accidents, for example, or repatriation costs if you need to be transported back to your home country urgently. In some cases, travel insurance coverage also applies in your home country.
  • With continuous travel insurance, you are insured for all your trips throughout the year.
  • With temporary travel insurance, you take out insurance for each trip for the duration of the trip.
  • Cancellation insurance reimburses (all or part of) the travel sum, cancellation or accommodation costs if you have to cancel or interrupt your vacation.
Back to top

Why should you take out travel insurance for a short trip, vacation, or long-distance trip?

  • Travel insurance can provide coverage in the event of an accident or emergency while you are away.
  • Travel insurance can provide coverage for damage and accidents during the adventurous or sporting activities you are going to do.
  • Travel insurance can continue to provide coverage if your Dutch basic health insurance no longer provides coverage, or if the damage is only reimbursed at Dutch cost price.
  • Travel insurance can provide coverage in the event of damage, loss, or theft of your luggage.
  • Travel insurance can provide coverage if you are held liable for damage you cause to other people or their property.
  • Travel insurance can provide coverage if you have to return home early because something has happened to you or your immediate family.
Back to top

What is important to insure when you are going to travel?

  • That you have insurance that is valid in the countries where you are going to travel and possible work.
  • That you are adequately insured for the sports and activities you are going to participate in during your full period abroad
  • That you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you insure your luggage and take sufficient precautions against theft or damage.
  • That you are well insured against personal liability.
  • That you are well insured in case of accidents.
  • That you only insure yourself for legal assistance if there is an immediate reason to do so, unless coverage is already automatically included in the insurance.
  • That you pay close attention to choosing the right coverage when performing work or voluntary work during your world trip.
Back to top

What insurance do you need for a trip or vacation?

 

Back to top
Travel insurances and insurances for long term abroad - Theme
What is round the world travel insurance or long-term travel insurance, and why take out specific insurance when you go abroad?

What is round the world travel insurance or long-term travel insurance, and why take out specific insurance when you go abroad?

Round the world travel insurance or long-term travel insurance

Back to top

What is round the world travel insurance or long-term travel insurance?

  • Round the world travel insurance means that you take out insurance that continues to provide coverage during all your activities abroad, and which is specifically intended for those who travel for long periods of time, such as world travelers, globetrotters, and nomads.
Back to top

Why should you take out specialized travel insurance for a long trip abroad?

  • Round the world travel insurance provides coverage for a much longer trip than regular travel insurance.
  • World travel insurance is specifically intended for longer trips, whereas regular travel insurance may offer coverage on paper, but in practice handles it differently.
  • World travel insurance is suitable for many types of activities, ranging from high-altitude trekking to more risky sports.
  • World travel insurance continues to provide coverage if you start working during your trip, whether planned or unplanned. If you did not take out insurance before departure that allows you to work, there is no guarantee that you will be able to take out insurance that provides coverage while abroad.
  • Long-term travel insurance continues to provide coverage when your home country's health insurance no longer does.
  • Worldwide travel insurance also covers your medical expenses up to the actual cost, and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • Worldwide travel insurance can also continue to provide coverage if negative travel advice is issued.
Back to top

What is important to insure when you are going to travel around the world?

  • That you have insurance that is valid in the countries where you are going to travel and possibly work.
  • That you are adequately insured for the sports and activities you are going to participate in during your full period abroad
  • That you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you insure your luggage and take sufficient precautions against theft or damage.
  • That you are well insured against personal liability.
  • That you are well insured in case of accidents.
  • That you only insure yourself for legal assistance if there is an immediate reason to do so, unless coverage is already automatically included in the insurance.
  • That you pay close attention to choosing the right coverage when performing work or voluntary work during your world trip.
Back to top

What insurance do you need when backpacking abroad?

Back to top
Travel insurances and insurances for long term abroad - Theme
What is backpack insurance, and why take out specific insurance when you go backpacking abroad?

What is backpack insurance, and why take out specific insurance when you go backpacking abroad?

Back to top

What is backpacking insurance and travel insurance for backpackers?

  • Backpacking insurance for backpackers means that you take out insurance that continues to provide coverage during all your activities abroad and is specifically intended for those who are traveling for a long time, traveling independently, or making frequent use of local transportation.
Back to top

Why should you take out travel insurance specifically for backpacking?

  • Travel insurance for backpacking can provide coverage in the event of an accident or emergency while backpacking.
  • Travel insurance for backpacking can provide coverage for damage and accidents during your adventurous or sporting activities.
  • Travel insurance for backpacking can continue to provide coverage if your Dutch basic health insurance no longer provides coverage, or if the damage is only reimbursed at Dutch cost price.
  • Travel insurance for backpacking can provide coverage in the event of damage, loss, or theft of your luggage while backpacking.
  • Travel insurance for backpacking can provide coverage if you are held liable for damage you cause to other people or their property.
  • Travel insurance for backpacking can provide coverage if you have to return home early because something has happened to you or your immediate family while backpacking.
Back to top

What aspects are important to insure when backpacking abroad?

  • The duration of your trip: so that you are also covered during a very long backpacking trip, or can extend your coverage if you want to stay longer
  • The activities during your trip: so that you can also participate in all kinds of sports and adventure activities that are excluded from travel insurance
  • Coverage of your medical expenses during your trip: so that you are always covered, even if you go to work or if the costs in the event of an accident are higher than the Dutch rate
  • Coverage for natural disasters and war during your trip: so that you don't have to return home immediately with your tail between your legs every time the Dutch government issues negative travel advice
  • Your insurer's specialization: so that your insurer specializes in backpacking trips or long stays abroad, and doesn't treat you like an “all-inclusive sunglasses claimant.”
Back to top

What insurance do you need when backpacking abroad?

Back to top
Travel insurances and insurances for long term abroad - Theme
Staying healthy abroad, healthcare systems and health insurance abroad
What is insurance for working abroad, and why do you need specific insurance if you are going to do paid work?

What is insurance for working abroad, and why do you need specific insurance if you are going to do paid work?

Insurance for working abroad

Back to top

What is insurance for working abroad?

  • Insuring yourself for working abroad means taking out insurance that continues to provide coverage during your paid work abroad.
Back to top

Why take out insurance, and when is normal travel insurance no longer sufficient?

  • There may be several reasons why you need separate insurance for paid work abroad.
  • During your work, local employers generally offer no or limited insurance that does not provide sufficient coverage.
  • The risk of accidents is sometimes greater during your work, for example because you are doing work with which you have little experience or because of the nature of the work.
  • During specific work abroad, additional requirements may apply as soon as you start performing work that involves additional risks. Only special insurance policies offer coverage during this type of work.
  • During work, internships, or volunteer work abroad where you receive a salary or compensation (for example, food or housing), your local health insurance coverage will normally lapse. You will then need special insurance to remain insured for illness and accidents.
  • Standard travel insurance policies generally do not provide sufficient coverage to apply for a work visa or working holiday visa.
  • Standard travel insurance policies generally only cover stays abroad for a limited number of days. If your trip or stay abroad exceeds the maximum number of days, this generally means that there will be no coverage for the entire travel period.
  • Standard travel insurance policies generally only provide coverage for recreational travel without study, internship, or work. If you engage in activities other than recreational activities, this generally means that you will no longer be covered for the entire travel period.
Back to top

What should you pay attention to in your insurance policy if you are going to work abroad?

  • Make sure you have insurance that is valid in the area where you will be traveling and working.
  • Make sure you are adequately insured for the sports and activities you will be participating in.
  • that you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • that your medical expenses are insured up to the actual cost (what it actually costs), and not just for the standard costs. In most countries, healthcare costs are higher than in the Netherlands.
  • that you insure your luggage and take sufficient precautions against theft or damage.
  • that you are well insured against personal liability.
  • that you are well insured in case of accidents.
  • that you insure yourself for legal assistance if there is an immediate reason to do so, unless the coverage is already automatically included in the insurance.
  •  that you take care to choose the right coverage when working in healthcare, with wild animals, and with dangerous machinery.
Back to top

What insurance do you need to work abroad?

Back to top
International insurance for working abroad or digital nomads
What is volunteer insurance, and why should you take out specific insurance if you are going to do volunteer work

What is volunteer insurance, and why should you take out specific insurance if you are going to do volunteer work

Volunteering abroad with the right insurance

Back to top

What is insurance for volunteering abroad?

  • Insuring volunteer work abroad means taking out insurance that continues to provide coverage while you are working as a volunteer abroad
Back to top

Why should you take out specialized travel insurance for voluntary work abroad?

  • There may be several reasons why you need separate insurance when volunteering abroad.
  • During specific activities abroad, additional requirements may apply if your work involves extra risks. Only specific insurance policies offer coverage during these activities.
  • The risk of accidents is sometimes higher during your work, for example because you are doing work you have little experience with or because of the nature of the work.
  • Local projects or employers generally offer no or limited insurance that provides insufficient coverage during your work.
  • When volunteering abroad and receiving minor financial compensation (or, for example, food or housing), your home country's health insurance coverage will potentially lapse. You will then need special insurance to remain insured for illness and accidents.
  • Regular travel insurance policies generally provide coverage for trips of a limited number of days. If your trip or stay abroad exceeds the maximum number of days, this generally means that for the entire travel period, you will not be covered.
  • Regular travel insurance policies generally only provide coverage for recreational travel without voluntary work activities. If you engage in activities other than recreational activities (such as volunteer work), this generally means that for the entire travel period, you will not be covered.
Back to top

What is important to insure when you are going to work as a volunteer abroad?

  • That you have insurance that is valid in the country or countries where you are going to travel and volunteer.
  • That you are adequately insured for the sports and activities you are going to participate in during your period abroad
  • That you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you insure your luggage and take sufficient precautions against theft or damage.
  • That you are well insured against personal liability.
  • That you are well insured in case of accidents.
  • That you only insure yourself for legal assistance if there is an immediate reason to do so, unless coverage is already automatically included in the insurance.
  • That when performing work in healthcare, with wild animals, and with dangerous (agricultural) machinery, you take care to choose the right coverage.
Back to top

What insurance do you need when volunteering abroad?

Back to top
Travel insurances and insurances for long term abroad - Theme
Staying healthy abroad, healthcare systems and health insurance abroad
Why should you take out specialized travel insurance for an internship abroad?

Why should you take out specialized travel insurance for an internship abroad?

Internship abroad with the right insurance

Back to top

What is insurance for an internship abroad?

  • Insuring an internship abroad means taking out insurance that continues to provide coverage during your internship abroad
  • Insurance for internships abroad are also referred to as internship insurance. This internship insurance is specifically for when you go abroad for a long period of time to work as an intern, take courses, or conduct research abroad.
Back to top

Why should you take out specialized travel insurance for an internship abroad?

  • There may be several reasons why you need separate insurance for an internship abroad.
  • During internship activities abroad, additional requirements may apply as soon as you start performing work that involves additional risks. Only specific insurance policies offer coverage during these activities.
  • During your internship, the risk of accidents is sometimes greater, for example because you are doing work with which you have little experience or because of the nature of the work.
  • During your internship, local employers generally do not offer insurance, or offer limited insurance that does not provide sufficient coverage.
  • During an internship abroad where you receive financial compensation (or, for example, food or accommodation), your home country's health insurance coverage will potentially lapse. You will then need special insurance to remain insured for illness and accidents.
  • Regular travel insurance policies generally provide coverage for trips of a limited number of days. If your trip or stay abroad exceeds the maximum number of days, this generally means that for the entire travel period, you will not be covered.
  • Regular travel insurance policies generally only provide coverage for recreational trips without work activities.
Back to top

What is important to insure when you are going to be an intern abroad?

  • That you have insurance that is valid in the area where you will be traveling and doing your internship.
  • That you are adequately insured for the sports and activities you will be participating in.
  • That you are insured for emergency assistance and early return in case something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost (what it actually costs), and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you insure your luggage and take sufficient precautions against theft or damage.
  • That you are well insured against personal liability and, preferably, also for liability during your internship.
  • That you are well insured in case of accidents.
  • That you insure yourself for legal assistance if there is an immediate reason to do so, unless the coverage is already automatically included in the insurance.
  • Make sure you choose the right coverage for internship work in healthcare, with wild animals, or with dangerous machinery!

Check out more about international insurances

Back to top
Travel insurances and insurances for long term abroad - Theme
Staying healthy abroad, healthcare systems and health insurance abroad
What is insurance for studying abroad, and why should you take out specialized travel insurance for your education abroad?

What is insurance for studying abroad, and why should you take out specialized travel insurance for your education abroad?

Studying abroad with the right insurance

Back to top

What is insurance for studying abroad?

  • Insurance for studying abroad means that you take out insurance that continues to provide coverage during your studies, your education, and your related activities abroad.
  • Insurance for studying abroad is also referred to as study insurance. This study insurance is specifically for when you go abroad for a long period of time to take courses, study, or conduct research abroad.
Back to top

Why should you take out specialized travel insurance for a study abroad?

  • Study insurance is specifically designed for studying abroad, whereas regular travel insurance policies may offer coverage on paper but handle this situation differently in practice.
  • Study insurance offers coverage for longer stays than regular (vacation) travel insurance.
  • Study insurance is also suitable for many types of activities, ranging from various sports to hiking at high altitudes.
  • Study insurance continues to provide coverage if you start working during your trip, whether planned or unplanned. If you have not taken out insurance before departure that allows you to work, there is no guarantee that you will be able to take out insurance abroad that provides coverage.
  • Study insurance continues to provide coverage if your own country's health insurance no longer provides coverage.
  • Student insurance also covers your healthcare costs above the rates in your own country; with regular insurance, you have to pay the extra costs yourself.
  • Student insurance can also continue to provide coverage if (study) visa issuers impose additional requirements on how you insure yourself, for example if you are going to the US and applying for a J-1 visa.
  • Student insurance continues to provide coverage if you are staying abroad for a longer period of time and want to visit your own country in between.
Back to top

What is important to insure when you are going to study abroad?

  • That you have insurance that is valid in the country or countries where you are going to travel and work.
  • That you are adequately insured for the sports and activities you are going to participate in during your period abroad
  • That you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you insure your luggage and take sufficient precautions against theft or damage.
  • That you are well insured against personal liability.
  • That you are well insured in case of accidents.
  • That you only insure yourself for legal assistance if there is an immediate reason to do so, unless coverage is already automatically included in the insurance.
  • That you pay close attention to choosing the right coverage when performing work alongside your studies.

Check out more about international insurances

Back to top
Travel insurances and insurances for long term abroad - Theme
Staying healthy abroad, healthcare systems and health insurance abroad
What is an expat insurance or emigration insurance, and why specifically take out insurance if you are going to do move abroad?

What is an expat insurance or emigration insurance, and why specifically take out insurance if you are going to do move abroad?

Take out insurance if you are going to do move abroad as expat or emigrant?

Back to top

What is an expat insurance?

  • Expat insurance is insurance that continues to provide coverage if you go to work abroad for a local or international employer for an extended period of time.
  • Expat insurance is not only intended for expats, but for anyone who has a more permanent job abroad.
Back to top

What is an emigration insurance, or insurance for moving and living abroad?

  • Emigration insurance is an insurance that continues to provide coverage if you move abroad permanently or for an indefinite period of time.
  • Emigration insurance is not only intended for emigrants, but for anyone who leaves their home country for an extended period of time and does not intend to return in the foreseeable future.
Back to top

Why should you take out specialized insurance for emigration or working as an expat abroad?

  • Emigration or expat insurance not only provides coverage for acute assistance in the event of illness or accident abroad, such as travel insurance, but can also provide coverage for existing conditions and ailments or non-urgent care.
  • Emigration or expat insurance does not require you to maintain valid health insurance in your home country.
  • Emigration or expat insurance provides coverage for preventive care or costs related to pregnancy and childbirth.
  • Emigration or expat insurance also provides coverage for long-term treatments and chronic conditions without you having to return to your home country.
  • Emigration or expat insurance often has no restrictions on the duration of the insurance, unlike travel insurance.
  • Emigration or expat insurance usually maintains coverage in cases such as negative travel advice or acts of war.
  • Emigration or expat insurance offers various solutions in the areas of disability, home and household insurance, goods transport, and liability.
Back to top

What is important to insure when you are going to move abroad?

  • That you have insurance that is valid in the country or countries where you are going to live and/or work.
  • That you are adequately insured for the sports and activities you are going to participate in during your period abroad
  • That you are insured for emergency assistance and early return if something happens to you or your immediate family.
  • That your medical expenses are insured up to the actual cost and not just for the standard costs. The costs per medical treatment vary greatly between countries.
  • That you are well insured against personal liability.
  • That you are well insured in case of accidents.
  • That you pay close attention to choosing the right coverage when performing work with additional health risks
Back to top

When can you also live abroad for a longer period of time with travel insurance?

  • There are also special expiring travel insurance policies that provide coverage without you having valid health insurance in your home country, however, these travel insurance policies are not intended for emigration or expats, but for stays outside your home country of up to a few years, for study, temporary work, volunteer work, and longer trips.
  • See the information at International Insurances for backpacking and travel abroad
Back to top

What insurance do you need for emigration or working as an expat abroad?

Back to top
Travel insurances and insurances for long term abroad - Theme
Staying healthy abroad, healthcare systems and health insurance abroad
International insurance through JoHo Insurances and JoHo WorldSupporter

International insurance through JoHo Insurances and JoHo WorldSupporter

Image

Table of content

  • Why should you take out insurance through the JoHo Foundation when you go abroad?
  • Insuring activities abroad:
    • internships, studying, volunteer work or paid work
    • backpacking, holiday, travel or round the world
    • emigration, living abroad, working as expat
  • Insurances for abroad: per insurance 
  • Insurances for abroad: per organization
  • How healthcare works
......Read more on this page

Image

Related topics and terms to: Arranging money and financial matters abroad

Related to the topic: Arranging money and financial matters abroad
Relations of the topic: Arranging money and financial matters abroad
Going Abroad?

Image ACTIVITIES

Search a course, internship, job, project, suggestion or tips within the topic: 'Arranging money and financial matters abroad'

CHECK ACTIVITIES

Make a selection, to find more tips than you see below

Image Internationaal fiscaal advies inwinnen bij vertrek naar buitenland
Belastingadvies en Internationaal fiscaal advies inwinnen bij vertrek naar buitenland
Activities abroad: home bundle

Main content and contributions for activities abroad

,,,accommodations, adventure activities, courses, internships, jobs and volunteer projects

...to help another, travel with care, work together , learn to share and inspire with your experience

 

Activities abroad: home page

Activities abroad: home page

From language courses to gap year abroad, from work experience to volunteering abroad, from paid work to internship abroad, from mountaineering to diving and from backpacking to travel around the world

Activities abroad

    Back to top

    What social activities can you do abroad?

    • Opportunities are found in the areas of helping, learning or studying. You can get involved to volunteer in a social project at a school in Africa, Asia or Latin America. You can get involved in nature, in a project with animals or cleaning the sea or beaches. Those who want to learn more can choose for example a language course in Latin America, Spain or South Africa.
    Back to top

    What work related activities can you do abroad?

    • If you want to gain work experience, and/or also earn money, go and work abroad. You can combine backpacking in Australia with temporary work. You can work on campsites in Europe or bush camps in Africa. You can pretty much go all over the world to work in the hospitality industry, hotels and hostels, in the healthcare sector or for example at a diving school.
    Back to top

    What sports activities to do abroad?

    • Have you ever thought of mountain biking, rafting (going down a wild river on a raft or rubber dinghy, climbing or canoeing), survival (which involves building rafts, climbing or canoeing), abseiling (descending a rock face while secured to ropes), zip-lining (whizzing down a cable), canyoning (starting at the top of a river and then climbing, swimming, diving down the bed) or caving (scrambling, wriggling and crawling through caves and crevices)?
    • Maybe you feel more comfortable on a bodyboard (on a half-wave surfboard, you surf the high waves lying down-with flippers), on a hang glider or while paragliding (with a parachute you float down a mountain or dune), hydrospeeding (on a bodyboard with flippers and a wetsuit on you go down a wild river via rapids) or Tiefschneeskiing (racing down through powder snow)?

    Check the pages below for more activities and inspiration and where to go and how to arrange it

      Back to top
      Activities abroad: for gap year, sports, travel and outdoor abroad

      Activities abroad: for gap year, sports, travel and outdoor abroad

      Bundled content for gap year, sports, travel and outdoor abroad

      Access: 
      Public
      Activities abroad: for languages courses and learning a language

      Activities abroad: for languages courses and learning a language

      Bundled for languages courses and learning a language

      Access: 
      Public
      Activities abroad: for intern, volunteer and work abroad per sector

      Activities abroad: for intern, volunteer and work abroad per sector

      Intern, volunteer or work abroad per sector

      Access: 
      Public
      Study and intern abroad - bundle

      Study and intern abroad - bundle

      Themes: home bundles per activity abroad

      Themes: home bundles per activity abroad

      Themes: main theme pages for emigration, moving and living abroad
      Worldsupporter: home pages and bundles

      Worldsupporter: home pages and bundles

      Image STORIES

      Check blogs, experiences and information related to: 'Arranging money and financial matters abroad'

      CHECK MORE STORIES

      Make a selection, to find more blogs and contributions than you see below

      Image What should you do if your credit card, debit card or payment methods are stolen or lost abroad while traveling?
      What should you do if your credit card, debit card or other payment methods are stolen abroad? What should you do if your credit card is stolen or lost abroad while...
      Image How can you safely handle your money, debit cards, and credit cards abroad while traveling or backpacking?
      How can you safely handle your money, debit cards, and credit cards abroad? How can you safely handle your money, debit card, and credit card while traveling? How can...
      Image Money and paying abroad: how much money should you take with you, and how will you pay when traveling or backpacking?
      Money and paying abroad while traveling Taking a debit or bank card abroad? Taking your phone abroad for payments when traveling? Taking your credit card abroad when...
      Image Travel will: what is it, and should you take it with you on a trip or while backpacking?
      What is a travel will? A travel will is a document in which you record what should happen if something happens to you during your trip. It states what should happen to...
      Image Cash: what is it, and should you take it with you on a trip or while backpacking?
      What is cash? What can you use cash for when traveling and backpacking? When do you take cash with you when traveling or backpacking? Where else in the world can you buy...

      Image ORGANIZATIONS

      Check all organizations related to: 'Arranging money and financial matters abroad'

      CHECK ORGANIZATIONS

      Make a selection, to find more or other organizations than you see below

      Image Expatax
      Expatax helps businesses to comply with their payroll, tax and administration obligations in the Netherlands. They also help individual expats to claim their Dutch tax...
      Image B3M Consulting
      B3M Consulting advisereert expats over internationale financiele mogelijkheden, zowel wereldwijd als in Nederland. Een netwerk van lokale en internationale partners...
      Organizations & Services: home bundle

      Bundled content, suggestions, stories and tips about organizations and their products and services

      ...to help another, travel with care, work together, learn to share and inspire with your experience

      Organizations: home page
      Organizations in the spotlight: home bundle

      Organizations in the spotlight: home bundle

      Organizations in the spotlight: home bundle

      Access: 
      Public
      Organizations: for administrative, tax and legal work and consulting
      Organizations: for agriculture, grape picking, farming and vineyards
      Organizations: for animal protection, animal care and working with wildlife abroad
      Organizations: for au pairs, youth work and child care abroad
      Organizations: for bush camping and working at a campsite abroad
      Organizations: for catering, hospitality and entertainment abroad
      Organizations: for civil society and social work abroad
      Organizations: for corporate business services
      Organizations: for customer services abroad and help desks
      Organizations: for diving, snorkeling and water sports abroad
      Organizations: for education and schools abroad
      Organizations: for expatriate insurances, travel insurances, and emergency call centers
      Organizations: for gap year activities abroad and sabbaticals
      Organizations: for internship placement abroad
      Organizations: for insurances and finance abroad
      Organizations: for IT, engineering and construction
      Organizations: for language travel and language teaching abroad
      Organizations: for marketing, communication and PR
      Organizations: for mediation in au pairs, childcare and elderly care in the Netherlands
      Organizations: for moving, international relocation and transport abroad
      Organizations: for nature conservation, environmental protection and working in nature abroad
      Organizations: for nonprofit projects, development work and international cooperation
      Organizations: for online work as digital nomad, freelancer, or independent entrepreneur from abroad
      Organizations: for outdoor activities and sports
      Organizations: for paid employment abroad and international recruitment

      Organizations: for paid employment abroad and international recruitment

      Organizations: for providing accommodation and hospitality work in hotels, guesthouses, ecolodges and hostels abroad
      Organizations: for providing healthcare and working in medical care abroad
      Organizations: for psychological assistance and mental health care abroad
      Organizations: for real estate, brokerage abroad and property rental abroad
      Organizations: for research and scientific work abroad
      Organizations: for student support and student associations
      Organizations: for tour guidance and adventure tours abroad
      Organizations: for tourism and organized travel and leisure work abroad
      Organizations: for voluntary work mediation and project placement abroad
      Organizations: for yacht and shipping crew and working on a cruise ship abroad

      Image SUMMARIES

      Check or search summaries, tests and study assistance within topic: 'Arranging money and financial matters abroad'

      CHECK SUMMARIES

      No results found.

      Summaries: home bundle

      Content and contributions related to summaries, study assistance and study skills

      ...to help another, travel with care, work together, learn to share and inspire with your experience

      Summaries: home page

      Summaries: home page

      Home page for the use of summaries on WorldSupporter

      What is this page about?

      • Contents: information about using and finding summaries of study books, scientific articles, academic concepts and practice exams on WorldSupporter
      • Study areas: Business, Education, Health, Psychology, Law, Nature, Society and more
      • Languages: English, Dutch
      • Access: Public

      Where to go next?

      What to find below?

      • Summaries per study and study field
      • Summaries per type and form
        • How to use and find summaries, study notes en practice exams on JoHo WorldSupporter?
        • How and why would you use summaries?
        • Finding summaries practice exams on JoHo WorldSupporter
        • Quicklinks to fields of study for summaries and study assistance
      • Main theme pages for learn and study
      • FAQ: questions and answers about summaries
      Summaries: per study field and university
      Summaries: per type and form
      Exams: home page for exams, exam tips and study tips
      WorldSupporter: how to use and find summaries, study notes en practice exams on JoHo WorldSupporter?
      Summaries: home page for business organization and economics
      Summaries: home page for communication and marketing
      Summaries: home page for international relations and international organizations
      Summaries: home page for IT, logistics and technology
      Summaries: home page for law and administration
      Summaries: home page for leisure, sports and tourism
      Summaries: home page for medicine and healthcare
      Summaries: home page for nature and environmental sciences
      Summaries: home page for pedagogy and educational science
      Summaries: home page for psychology and behavioral sciences
      Summaries: home page for society, culture and arts
      Summaries: home page for statistics, research and science
      Access: 
      Public
      Summaries: per type and form

      Summaries: per type and form

      Home page for summaries by type and form

      • Summary sort: Study books, Scientific articles, Academic Concepts
      • Areas: Business, Education, Health, Psychology, Law, Nature, Society and more
      • Languages: English, Dutch
      • Access: This study guide contains exclusive and publicly available study materials
      Summaries: the best textbooks summarized per field of study
      Summaries: the best scientific articles summarized per field of study
      Summaries: the best definitions, descriptions and lists of terms per field of study
      Access: 
      Public
      Summaries: per study field and university

      Summaries: per study field and university

      Summaries per study and study field

      What is this page about?

      • Contents: information about summaries per study and study field on WorldSupporter
      • Study areas: Business, Education, Health, Psychology, Law, Nature, Society and more
      • Languages: English, Dutch
      • Access: Public

      Where to go next?

      What to find below?

      • Highlighted pages per study field
      • FAQ
      Summaries: home page for business organization and economics
      Summaries: home page for communication and marketing
      Summaries: home page for international relations and international organizations
      Summaries: home page for IT, logistics and technology
      Summaries: home page for law and administration
      Summaries: home page for leisure, sports and tourism
      Summaries: home page for medicine and healthcare
      Summaries: home page for pedagogy and educational science
      Summaries: home page for psychology and behavioral sciences
      Summaries: home page for society, culture and arts
      Summaries: home page for statistics, research and science
      Samenvattingen: startpagina per studie en studierichting in Nederland
      Access: 
      Public
      Exams: home page for exams, exam tips and study tips

      Exams: home page for exams, exam tips and study tips

      Taking and passing exams, using study tips and learning to study

      What is this page about?

      • Contents: information for exams, exam tips and study tips on WorldSupporter
      • Study areas: Business, Education, Health, Psychology, Law, Nature, Society and more
      • Languages: English, Dutch
      • Access: Public, Exclusive

      Where to go next?

      What to find below?

      • Highlighted content concerning exams, exam tips and study tips
      Theme pages: for getting study results and preparing for exams
      Exams: suggestions and summaries on study skills and writing thesis
      Exams: Practice exams and study tips for business organization and economics
      Exams: Practice exams and study tips for International relations and international studies
      Exams: Practice exams and study tips for psychology and behavioral sciences
      Samenvattingen: startpagina voor studietips en tentamentips
      Access: 
      Public
      Exams: home bundle

      Exams: home bundle

      Themes: home bundles per study and working fields

      Themes: home bundles per study and working fields

      Themes: main theme pages for summaries and study assistance

      Themes: main theme pages for summaries and study assistance

      Themes: main theme pages for learn and study

      Themes: main theme pages for learn and study

      Samenvattingen: startbundel

      Samenvattingen: startbundel

      Samenvattingen: startbundel

      Access: 
      Public
      Check more: external links
      Geld regelen in het buitenland en kosten besparen tijdens reizen en backpacken
      Geld regelen en uitgeven in het buitenland

      Image ALL CONTENT OF TOPIC

      Search all related content within topic: 'Arranging money and financial matters abroad'

      ALL CONTENT OF TOPIC

      Select any filter and click on Apply to see results

      Image

      SPOTLIGHT & FAVORITES

      FAVORITES
      Icon 8 Ultimate Ways To Travel Without Spending Too Much Money
      Image

      Everybody loves to travel and see new places. Most people daydream to visit different cities of the world. But daydreaming is nothing compared to the real experience. One biggest barriers that stops you from traveling is the fear of excessive expense. Every time you think of travel the bills of hote...

      Icon Expatax
      Expatax

      Expatax helps businesses to comply with their payroll, tax and administration obligations in the Netherlands. They also help individual expats to claim their Dutch tax benefits.

      Crossroad: spotlight pages
      Crossroads in the field of:
      Icon Visumcentrale (CIBT)
      Visumcentrale (CIBT)

      CIBT  - VisumCentrale biedt actuele visuminformatie die je nodig hebt om goed geadviseerd op reis te gaan.

      Icon Visa4You
      Visa4You

      Visa4you is een erkende visum specialist voor Australië en Canada. Het succesvol aanvragen van een visum vereist kennis, ervaring en tijd. Visa4you heeft deze kennis en ervaring in huis. Focus op werkvisa en visa voor emigratie.

      Page topic
      Submenu & Search

      Search only via club, country, goal, study, topic or sector