Travel document replacements 'cost Aussies $360m'

A new report from the Commonwealth Bank has indicated how much Aussies are set back financially every year by losing travel documents overseas and having to fork out for replacements.

These can include receipts for gifts and souvenirs – which were broken up into gifts and souvenirs, passports and traveller's cheques respectively.

On average, this comes to $137 per person – which equates to an estimated $360 million nationwide.

This is likely to have an impact on many Aussies, as another survey recently conducted by Roy Morgan Research revealed there is still a very strong demand for foreign travel, with 68 per cent of the adult population asserting that they intend to take some time off this year.

"Many Aussies aren't taking the simple steps of making digital copies, which could mean the difference between getting home on time or being left cashless overseas," commented general manager of online banking at the Commonwealth Bank Drew Unsworth.

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