Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 16-11-2014, 13:21   #16
Moderator
 
JPA Cate's Avatar

Join Date: Nov 2011
Location: aboard, cruising in Australia
Boat: Sayer 46' Solent rig sloop
Posts: 10,666
Re: How much cash?

Mark, in line with what you are saying, there once was a German cruiser of whom it was known that he carried $3,000 in USD aboard his boat. One night at Bora Bora, while he was ashore, someone went aboard his boat and stole that money. I have no idea where he had it. He was quite indignant about it, but honestly, I thought it shouldn't have been common knowledge. He, himself, must have mentioned it to many folks.

Yes, I think it is useful to carry some cash, and especially so, when your card is about to expire, and it can take time to get the new one turned on. What the OP should do is decide what amount that needs to be, perhaps port fees and diesel for leaving a country? As mentioned above, that actual dollar figure will vary.

Ann
__________________

__________________
Ann, with Jim, aboard US s/v Insatiable II, in Oz, very long term cruisers
JPA Cate is offline   Reply With Quote
Old 16-11-2014, 17:29   #17
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 7,915
Re: How much cash?

Quote:
Originally Posted by MarkJ View Post
I think anyone with less than $20,000 cash is foolish. $30,000 is better. $50,000 is great.

Obviously I am a fool that I despise because I don't think I have ever had more than $500 in cash on the boat.
The Third World probably invented ATMs. Every coconut palm in the Pacific dispenses money and even the Asians have caught up with the idea the the Rivers of Gold trickle from a piece of plastic.

More than a few hundred dollars is not necessary and probably marks you as a target.

Mark
....and if over $10K USD could land you in hot water in many countries. A guy in Belize a few years ago had loads of cash aboard (way over the alowed $10K). He made a bad move and pissed off his wife, who left him. As she left the country she informed authorities, who impounded his boat.
__________________

__________________
belizesailor is online now   Reply With Quote
Old 17-11-2014, 05:23   #18
Registered User
 
Neeltje's Avatar

Join Date: Mar 2014
Location: Saint Augustine, Florida
Boat: 1902 Dutch Tjalk, 64'
Posts: 297
Re: How much cash?

...And if you plan to use ATMs extensively out-of-country, don't forget to tell your bank about your travel plans before hand, and ask them to increase your draw limit accordingly. I've had the bank block my card several times for security reasons when I didn't, and if I'd been out of phone/e-mail range at the time, I would have been S.O.L.

Jacques
__________________
Neeltje is offline   Reply With Quote
Old 17-11-2014, 06:16   #19
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,574
Images: 240
Re: How much cash?

FWIW:
Canadian Chip and PIN Credit/Debit Cards have both a Chip, and a conventional Magnetic Stripe.

Chip and PIN credit cards can be used anywhere in the world where the payment brand (Visa or MasterCard) is accepted.

At a chip-enabled terminal, you will insert your Chip and PIN credit card into a chip reader, follow the prompts and enter your PIN to complete the transaction.

If you are using your Chip and PIN credit card at a location that does not yet have a chip-enabled terminal, your card will be swiped and the transaction will be completed with your signature, as per (formerly) usual.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is online now   Reply With Quote
Old 17-11-2014, 06:17   #20
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 17,032
Re: How much cash?

Quote:
Originally Posted by MarkJ View Post
More than a few hundred dollars is not necessary and probably marks you as a target.

Mark
I never carry cash on my person, for that reason. I make a joke about it and show people, I do not wear anything expensive, like a Rolex watch etc.
__________________
a64pilot is offline   Reply With Quote
Old 17-11-2014, 06:35   #21
Registered User

Join Date: Jun 2010
Location: Sailing the Caribbean
Boat: Switch 51
Posts: 1,498
Re: How much cash?

Quote:
Originally Posted by Neeltje View Post
...And if you plan to use ATMs extensively out-of-country, don't forget to tell your bank about your travel plans before hand, and ask them to increase your draw limit accordingly. I've had the bank block my card several times for security reasons when I didn't, and if I'd been out of phone/e-mail range at the time, I would have been S.O.L.

Jacques
True enough this. And the only number they give you to speak with them is an 800 number, which you can't dial from a cell phone.
__________________
SVNeko is offline   Reply With Quote
Old 17-11-2014, 06:52   #22
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,574
Images: 240
Re: How much cash?

BTW: ATMs in Mexico (and most of the world) only accept four (4) digit PINs.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is online now   Reply With Quote
Old 17-11-2014, 08:03   #23
Registered User

Join Date: May 2009
Location: Vancouver, Wash.
Boat: no longer on my Cabo Rico 38 Sanderling
Posts: 1,794
Send a message via MSN to John A
Re: How much cash?

US credit card companies are converting to cards with chips.
Chase just sent me a card with a chip, even though the card expired next year.
__________________
John A is offline   Reply With Quote
Old 17-11-2014, 08:04   #24
Registered User
 
ryon's Avatar

Join Date: Feb 2013
Location: Southern California
Posts: 588
Re: How much cash?

Quote:
Originally Posted by Ann T. Cate View Post
Mark, in line with what you are saying, there once was a German cruiser of whom it was known that he carried $3,000 in USD aboard his boat. One night at Bora Bora, while he was ashore, someone went aboard his boat and stole that money. I have no idea where he had it. He was quite indignant about it, but honestly, I thought it shouldn't have been common knowledge. He, himself, must have mentioned it to many folks.
You might think that I'm terribly cynical for asking, but how much did he borrow, and did anybody ever see him again?
__________________
ryon is offline   Reply With Quote
Old 17-11-2014, 08:23   #25
Marine Service Provider
 
Tony B's Avatar

Join Date: Jul 2011
Location: Presently in Rogersville, Al
Boat: Mainship 36 Dual Cabin
Posts: 695
Re: How much cash?

I usually carry about 600 - $700 in cash when on the go. That has always been more than sufficient. We don't dip into it except for boat related items where cash is king.
If you break down and find a mechanic that only takes cash, I guess you can pay him $70/hour to take you to town and find an ATM.
Even in the USA, there are marinas that dont have ATM's and are not walking distance from town. They will take plastic for your purchases from them but wont give you cash back. If you are having a boat problem, his only recommendation is his buddy that only takes cash. Sometimes a temporary fix can cost 300-$400 and is good enough to get you to where you can have things done properly. You wont always need a starter motor or alternator when in a big town. Sometimes you take what you can get.
I know, I should always keep spare starter motors, alternators, 1000 feet of extra line, spare windlass, spare sails, chain and so on. No matter how much spare stuff you carry, that won't be the thing to break down, at least not with my kind of luck.
__________________
Mainship 36 DC - 1986
Retired and Full Time Cruising the Eastern U.S. inland Waterways
www.FreeBoatProjects.com
Tony B is offline   Reply With Quote
Old 17-11-2014, 08:48   #26
Moderator Emeritus
 
GordMay's Avatar

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 31,574
Images: 240
Re: How much cash?

Quote:
Originally Posted by SVNeko View Post
True enough this. And the only number they give you to speak with them is an 800 number, which you can't dial from a cell phone.

Mexico has its own series of 800 numbers, so in order to make dialing U.S. numbers possible, they came up with a simple system.

To dial a United States 800 number FROM Mexico, replace the 800 prefix with the prefix shown below:
800 numbers Dial 001-880-then the number
866 numbers Dial 001-883-then the number
877 numbers Dial 001-882-then the number
888 numbers Dial 001-881-then the number

For example, to call Wells Fargo's customer service FROM Mexico change the number
from 1-800-869-3557
to 001-880-869-3557

and to dial Blue Shield FROM Mexico we change the number
from 1-888-568-3560
to 001-881-568-3560.
__________________
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"



GordMay is online now   Reply With Quote
Old 17-11-2014, 15:05   #27
Registered User

Join Date: Jun 2010
Location: Sailing the Caribbean
Boat: Switch 51
Posts: 1,498
Re: How much cash?

Good to know, Gord. Do other countries do that?

Sent from my SM-T210R using Cruisers Sailing Forum mobile app
__________________
SVNeko is offline   Reply With Quote
Old 17-11-2014, 16:21   #28
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 7,915
Re: How much cash?

At least from all Central American countries you can dial USA toll free numbers. Just add the dialing prefix for the USA (001) like you would for any other USA number. It just wont be toll free.
__________________
belizesailor is online now   Reply With Quote
Old 17-11-2014, 16:25   #29
Registered User

Join Date: Dec 2010
Location: W Carib
Boat: Wildcat 35, Hobie 33
Posts: 7,915
Re: How much cash?

Quote:
Originally Posted by John A View Post
US credit card companies are converting to cards with chips.
Chase just sent me a card with a chip, even though the card expired next year.
Same for my USA CitiBank card and my Guatemalan bank debit card (Banco Agromercantil de Guatemala).

I worked on early smart card projects almost 30 years ago...talk about slow adopters.

I'm surpised how many ATMs and POS devices I've since encounter in Central America that read the chip.
__________________
belizesailor is online now   Reply With Quote
Old 17-11-2014, 16:27   #30
Registered User

Join Date: Jun 2010
Location: Sailing the Caribbean
Boat: Switch 51
Posts: 1,498
Re: How much cash?

I am talking about from a cell phone. Does that work for cell? Making it more difficult is that I use a US cell phone outside the US.

Sent from my SM-T210R using Cruisers Sailing Forum mobile app
__________________

__________________
SVNeko is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Much Weight Is Too Much ? capngeo Auxiliary Equipment & Dinghy 5 24-09-2010 20:40
How Much Is too Much ? santana 22 Seamanship & Boat Handling 10 07-05-2010 08:38
How Much Is Too Much? SVMorningStar Construction, Maintenance & Refit 11 04-02-2010 10:30
How much boat is too much? David M General Sailing Forum 36 09-10-2007 20:02
Draft depth for Caribean Islands - how much is too much? theloneoux General Sailing Forum 11 07-08-2005 14:21



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 04:00.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.