Is the fee for replacing the currency?

The exchange of currency in any foreign country will be made fees. How much you pay in fees to a large extent depending on where and how you exchange the currency. Some travel agencies such as AAA or ownership of specific credit or ATMs can help you save a little as you travel.

Currently, the cheapest method of paying things in a foreign country is to use your credit card. Alternatively consider using an ATM or a debit/credit card for currency exchange. The problem is that you can't always say exactly what fees will be if you use foreign ATMs if you don't have accounts in specific banks.

For example, if you have an account with Bank of America or Citibank, you may be waved for the use of an ATM if you are using an associated bank in a foreign country and you can expect to pay about 3% of the amount taken for currency exchange. For all other ATMs that are not associated with these banks. A good tip is to get a list of zhMannic banks associated with your bank before traveling and find out where such banks have ATMs.

When replacing the currency in the banking or foreign exchange office, the fees will increase sharply. But you have to carry a little local cash with you, for expenses you can't cover with credit cards. You can pay about 10% of fees in the bank. In a good rule, do not allow local traders or companies such as hotels to exchange your currency. They can charge more than 20% and especially carefully from small traders who offer to convert the remaining currency of the homeland you have. It is likely that you will pay for additional fees, or if you do not know the exchange rate, you may be torn on the stock exchange.

When changing the currency, it is undoubtedly the least expensive if you are using ATMs or credit cards, be sure to check rates and fees before traveling. Some banks of the "pre -loaded" credit card/ATMs that can save you more money, and some banks can offer you a better trade in foreign currency exchange in your own country than banks in the country you plan to travel.

Traveler's Checks®, whenever the best way to transfer money in foreign countries, is now less preferred than using your ATM or credit card. There have been many cases of manifestations that can create hesitation is to accept them among traders, especially in small towns or rural areas. If you want to make sure that your bank account is not access, if you lose an ATM or credit card, consider buying a pre -loaded ATM instead. Also, do as few exchanges as possible. Even if you are using an ATM or credit card, you will probably be charged a percentage or a flat rate for each transaction, to the top of the percentage of currency exchange fee.