Timeline for When traveling to a country with a different currency, how should you take your money?
Current License: CC BY-SA 4.0
20 events
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| Jun 14, 2019 at 11:26 | comment | added | lalala | While I agree with the answer, it is good to bring enough cash in the local currency to get to an intermediate destination, and maybe a little extra in your home currency as backup. While extremely rare, there can be intenational airports without atm (which wont happen to you), but sometimes credit cards just might not work. Then you can call the bank, they will solve your problem (quickly or in 1 day afaik). You dont want to have to be at the airport for this time period, would you? (also there are internation Airports that close at night) | |
| Jan 25, 2019 at 19:30 | history | edited | David Richerby | CC BY-SA 4.0 |
withdrawAl.
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| Jan 11, 2019 at 23:15 | review | Suggested edits | |||
| Jan 12, 2019 at 5:33 | |||||
| Feb 27, 2018 at 12:15 | comment | added | WGroleau | @mattliu: Schwab also uses the official Visa exchange rate instead of sneaking some extra funds by fudging the rate. But I think it's not the only good bank. | |
| Apr 13, 2017 at 12:25 | history | edited | CommunityBot |
replaced http://money.stackexchange.com/ with https://money.stackexchange.com/
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| Mar 23, 2017 at 2:42 | comment | added | Dean Meehan | I would like to add for the UK there are lots of new "banks" opening up that offer Mastercard exchange rates for traveling around the world. I've used "Monzo" plenty of times and it works fantastically, but many all work the same. | |
| Dec 15, 2016 at 6:40 | comment | added | mattliu | The best card in the US for using foreign ATMs (or any ATM) is with Schwab Bank. No charge on transactions and unlimited fee rebates from any ATM worldwide. | |
| Oct 29, 2012 at 7:37 | comment | added | greg121 | for gerans: no foreign transaction and cash withdrawl fees: DKB, comdirect | |
| Jun 3, 2012 at 9:34 | comment | added | Gagravarr | That depends on the country that issued your card, in many places they're civilised and pay off the most expensive bit first! | |
| Jun 3, 2012 at 0:53 | comment | added | Rincewind42 | In addition to what @Casebash said, credit cards often charge a higher rate of interest for cash withdrawals than they do for purchases. Also if you have an existing balance on the card, I have known the CC company to not pay of the balance in chronological order, but to pay of the cheapest interest part of the balance first and leave that expensive cash withdrawal on the card till the very last $ of the balance is cleared. | |
| Apr 10, 2012 at 20:28 | comment | added | user82 | cardsfortravel.com is a good resource for finding travel-friendly credit cards. I found my Chase Sapphire and Marriott cards via this website, and both offer no foreign transaction fees. | |
| Mar 14, 2012 at 22:39 | comment | added | Gagravarr | True, but interest on cash withdrawn for the 12 hours it takes you to do an online payment to cover the withdraw is pretty much zero :) | |
| Mar 14, 2012 at 5:17 | comment | added | Casebash | Remember that if you get cash out with a credit card, then you will typically be charged interest from the moment you withdraw | |
| Mar 8, 2012 at 23:06 | comment | added | Scott McIntyre | I like to have some kind of safety net, after realizing that I was traveling in foreign countries with exactly one source of cash, my ATM card. So now I make sure to have a bit of US cash, for instance a hundred dollar bill that can be changed at a bank, and a second credit or ATM card that I know the PIN for. It doesn't need good rates since it will only be used in an emergency, and I do not keep it with my primary ATM card. | |
| Jun 23, 2011 at 21:33 | comment | added | dbkk | In the U.S., Bank of the Internet has no ATM fees (and even refunds part of the other bank's fees). I used their card in several countries while traveling (SE Asia, Europe), never a problem. For some countries, it may be worth getting two ATM cards, for both MasterCard and Visa networks. If one doesn't work, other one probably will. Skimmers are not effective if you always cover up your pin as you enter it (90% of the people do not). | |
| Jun 22, 2011 at 1:41 | comment | added | John Lyon | @Darren I have, but they attempted to use the details fraudulently many months later. I would suggest getting an independent travel credit/debit card, and cancelling it once you return home. You should note you're not liable for the fraudulent transactions, it's the inconvenience of having the card cancelled whilst abroad that is the concern. Many institutions get around this by overnight shipping you a new card at cost price - something to ask about when you apply. | |
| Jun 21, 2011 at 21:44 | vote | accept | Darren Kopp | ||
| Jun 21, 2011 at 21:33 | comment | added | Darren Kopp | Have you ever run into issues with skimmers on ATMs? | |
| Jun 21, 2011 at 20:57 | history | edited | Gagravarr | CC BY-SA 3.0 |
Add US specific bit
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| Jun 21, 2011 at 20:38 | history | answered | Gagravarr | CC BY-SA 3.0 |