Finance & Payments

    Payments during your
    internship abroad

    Why a travel card is smarter than your regular bank card, and which card suits your trip best.

    What is a travel card?

    A travel debit card (like Monzo, Revolut, or Wise) is the perfect modern alternative to high-fee bank cards. Think of it as a smart payment card optimized for international use. You can often hold multiple currencies and get the real exchange rate.

    The big difference? You avoid the heavy foreign transaction fees that traditional high street banks often charge. You only spend what you load onto it or have in your account.

    Why do you need one?

    • Global Acceptance

      Visa and Mastercard are accepted everywhere. Some traditional bank cards might have restrictions or trigger fraud alerts when used abroad unexpectedly.

    • No Foreign Transaction Fees

      Traditional banks often charge 2.75% + a flat fee every time you use your card abroad. Travel cards often have 0% fees up to a certain limit.

    • Better Exchange Rates

      Get the interbank exchange rate (the real one from Google) instead of a marked-up bank rate.

    Recommended Cards

    We've listed the best options for UK students. All are free to open and perfect for your internship abroad.

    M

    Monzo

    UK's favorite challenger bank

    Free UK current account
    No fees for spending abroad
    FSCS Protected (up to £85k)
    Great app for budgeting
    Monthly feeFree
    Recommended
    W

    Wise

    Formerly TransferWise

    Best exchange rates (Mid-market)
    Hold 50+ currencies
    Local account details (US, EU, AU, etc.)
    Low transparent fees
    Monthly feeFree
    R

    Revolut

    All-in-one money app

    Free UK account
    Great exchange rates (weekdays)
    Vaults & Saving goals
    Crypto & Stocks
    Monthly feeFree

    Frequently Asked Questions

    Do I really need a travel card?

    It's highly recommended. While your standard UK bank card will work, you'll likely pay unnecessary fees on every transaction. Over 5 months, this adds up to over £100 in avoidable costs.

    How do I load money?

    It's simple. You link the card to your main bank account and transfer money via the app. It's usually instant.

    Can I rent a car with these cards?

    Sometimes, but not always. Many car rental companies require a traditional credit card for the deposit. Always check beforehand! For daily spending, debit cards are perfect.