How much cash should you bring on a trip? A simple 4-step method

Step 1: list what you'll pay in cash

Not your whole budget: only what gets paid in cash at your destination.

• local transport (taxi, bus, shuttle);

• meals at small restaurants and food stands;

• tips;

• markets, site admissions, small purchases;

• entry or exit fees payable on site, if any.

Hotels, car rentals and big purchases are usually paid by card.

Step 2: estimate a daily amount

Make a realistic estimate per person per day. Travel guides and forums for your destination give a good idea of prices.

Step 3: multiply and add a reserve

Cash = (daily amount × number of days) + a reserve of about 20%

The reserve covers a declined card, a broken ATM or a surprise.

Step 4: adjust for the destination

A worked example

A couple spends 7 days in Mexico, all-inclusive. Estimated cash spending: US$40 a day for the two of them (tips, a taxi, a meal in town, a market).

• $40 × 7 days = $280

• 20% reserve = $56

• total: about US$336, to bring in Mexican pesos

Made-up amounts, for illustration only.

Getting the amount ready

Once you know the total, check our today's rates and reserve your currency online. Ask for small bills for tips. And if the total is C$10,000 or more, don't forget the CBSA report.

Frequently asked questions

What if I have money left when I get back?

Keep it for a next trip or sell it back: see how to sell back your currency.

Is it better to take everything in cash to avoid card fees?

Not necessarily: carrying a lot of money is risky. Combine cash and card, always paying in the local currency.