| Your kid, whether he is a young teen or a young | | | | consequences. |
| adult, is going abroad for awhile, and you want to | | | | Travelers Checks: Inconvenient to cash, and a hassle |
| make sure that he always has enough money with | | | | if they are lost. |
| him, in local currency. You also want the funds to be | | | | Cash: Simply not a safe way to travel with money. If |
| kept safe. | | | | lost or stolen it can't be replaced. |
| To date your options haven't been great. | | | | Checks and money transfers: Only a convenient |
| Your ATM or Credit Card: Once he has your card, | | | | option if he opens a local bank account. International |
| you have very little control over how much he | | | | transfer and check cashing fees tend to be high, and |
| spends. The card is linked to your account, so if he | | | | can take at least several days. |
| spends too much, you have to deal with the | | | | |