Some of the most important international travel tips focus on money. Handiscover provides the following information on money matters the traveler may wish to consider. You can avoid unpleasant surprises by researching money matters for your journey abroad. Know your options. In decades past traveler’s checks were the most popular way to carry money overseas. Nowadays, travelers are much more likely to rely on credit cards and ATM withdrawals. Use a travel budget calculator to determine which option(s) meet your needs.
Types of Money
Credit Cards are best for airline tickets, hotel bills, car rentals and restaurant meals. Make sure your credit card is widely accepted at your travel destination. Be aware of fees that may apply when you use your credit cards, such as currency conversion fees and ATM charges.
Call the issuer to inform them of your travel destination. Sudden international activity using your debit card could cause your account to be frozen. Ask which fees will apply to your purchases, both in local currency and in U.S. dollars.
Debit and ATM Cards are best for getting cash in local currency. Be aware that the same fees that apply to credit cards also apply to these cards. These cards are not as widely accepted as credit cards.
Travelers Checks are used mostly for backup. Traveler’s checks are not widely accepted for purchases. Fees and other user charges are usually less favorable than credit or debit cards.
In an emergency, money can be wired. However, this is the most expensive option.
Let your bank know you are traveling.
Don’t overlook bank and ATM fees.
Make a plan for getting to your hotel from the airport.
Don’t underestimate your cell phone bill.
Research the local exchange rate.
Use traveler’s checks only when necessary.
Tip your housekeeper each day.
Make sure your valuables are secured.
Don’t use unsecured wifi for financial transactions.
Know the appropriate tip percentage.
Tips for carrying money
Separate your travel cash and even credit cards into multiple safe spots.
Use on body storage such as hidden pockets or money belts.
Keep small bills handy.
Carry an anti-theft bag.
Trim your wallet.
Use a decoy wallet.
Buy a travel wallet.
Adapt to the local money culture.
Use money alternatives.
Stow valuables securely.
Avoid carrying money when you can.
Common sense, safety, and caution concerning your finances will provide peace of mind.