FOREIGN CURRENCY
Travelers checks are the safest way to carry foreign currency when traveling, but are no longer as readily accepted or used worldwide.
For more information visit Fodor's, Exchanging Your Money Abroad - 10 Tips.
Travelers checks are the safest way to carry foreign currency when traveling, but are no longer as readily accepted or used worldwide.
- If traveling to European Common Market countries, purchase Euro travelers checks which can be used in any member countries.
- If traveling as a couple, ask your bank about dual signature travelers checks. In some countries, you may pay a surcharge for cashing traveler's checks at a bank.
- Change some US $'s into local currency on arrival and always carry some cash with you in the currency of the country you are visiting, as credit cards may not be accepted everywhere.
- Check in advance if $'s are accepted as payment in foreign countries you will be visiting. Use ATMs for cash withdrawals in foreign countries and ensure cash is readily available from your account. It's easy and convenient when traveling.
- Make sure which ATM networks will accept your bankcard and choose a PIN (personal identification number) you will easily remember.
- Most banks charge a fee for every ATM cash withdrawal, but is safer and worth the extra expense to withdraw smaller amounts as needed than larger amounts that could be stolen or lost. ATMs are more common in Europe than they are in other parts of the world, and may not be available in some Asian or African countries.
- Most credit cards charge a foreign transaction fee of between 1% and 3% whenever you buy something abroad, but using a credit card is the safest and often the cheapest way to make a foreign purchase. Check your credit cards rates as some banks do not charge transaction fees on foreign purchases.
For more information visit Fodor's, Exchanging Your Money Abroad - 10 Tips.
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For travel assistance call us, click on Travel Travel's Live Help or contact us