Every Traveler Needs to Know about Accessing Funds While Traveling Abroad

Discussion in 'General Discussion | Travel' started by sobore, May 15, 2013.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    http://www.virtual-strategy.com/201...-about-accessing-funds-while-traveling-abroad

    Many international travelers often don’t know the most effective way to access their money abroad. The answer to this question depends on many factors, such as the length of their trip, the amount of cash needed, and their travel destination. Some options may make more sense to long term travelers, such as volunteer abroad or intern abroad participants. To help international travelers weigh the pros and cons of each method, Cross-Continental Solutions has recently analyzed different ways of accessing money abroad.
    • Accessing Cash by Debit Cards
    This is probably the easiest and the safest way for travelers to access cash abroad. ATMs accepting international debit and credit cards are widely available throughout most destinations, including developing nations. There is usually a hefty fee of around USD$5 per ATM withdrawal, but some premium bank accounts may waive this fee. Also, it is important to be aware of the ATM daily limits of both one’s home bank and the foreign bank, which is usually around USD$500, but can vary from bank to bank. Thus, it is often cost-effective to make one large withdraw instead of frequent small withdraws. However, travelers should be cautious as to not carry too much cash, so as to minimize the risk of robbery or pickpockets.

    Read More:http://www.virtual-strategy.com/201...-about-accessing-funds-while-traveling-abroad
     
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  2. CrankyScott
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    CrankyScott Silver Member

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    A great tip! I fully agree :)
     
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  3. StevenGerrard

    StevenGerrard Silver Member

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    Thanks for your sharing useful information
     
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