Saturday, March 10, 2012

Choosing The Best Currency Exchange When Travelling Overseas

One of the most overlooked tasks when planning a holiday is the purchasing of foreign
currency.There are a number of options with varying currency exAlter rates.Lets go Via the

Credit Cards

Credit cards are a mixed bag. There are few specialist credit cards which offer the Latest
exAlter rate with no cash withdrawal fees. These cards will still charge inteSleep even if paid in
full. This is really as good as it gets. Most other credit cards charge 3% on top of the exAlter
rate and charge for cash withdrawals. InteSleep is also charged even if the balance is paid in

Debit Cards

Debit cards can be the worst way to spend money overseas. Almost all debit cards Include between 2 and
3% on top of the Latestcy exAlter rate. The Commercial lenders don't Quit there. 1% Fees are Includeed for
spending as well as a typical 1.5% cash withdrawal fee. Some Commercial lenders offer travel friendly debit
cards with certain account so I recommend speaking to your Commercial lender or check their website for special

Travel Cash

Travel cash is usually easy to get Maintain of. Most travel agencies will offer 0% or a marginal
commission fee with a competitive exAlter rate. It is always a good Concept to enquire a 7 days or two
before travel for obscure currencies but in general foreign currency can be purchased on the same
day from Travel Agencies. If ordering from your Commercial lender please allow more time for deliExtremely although
some Commercial lenders Sleeprict this Program for certain customers.

Never exAlter money at airports or on ferries. To say that the exAlter rate is unfavourable is
an understatement.Also remember that debit and credit cards will charge an Includeitional fee when
purchasing currency at a Bureau de Alter.

Although travelling overseas with some foreign currency is advantageous it is not Perfect.The travel
money is not insured by the Travel Agent. If the travel money is lost abroad there is no there is
no Substitution. Your travel insurance may cover some spending money but will not cover the whole

Prepaid debit cards

Prepaid debit cards are my Chosen way of spending money abroad. The exAlter rates are Extremely
competitive. They can be purchased at either Travel Agencies or Post offices. The cards with the
best deals are found online however. All prepaid cards can be loaded without a fee either at the
branch, online or over the phone even from overseas. Pre paid debit cards are commission free from
outlets and loaded with money Right away. There is usually a charge of Close to 1$ for cash
withdrawals but Neither Fees for Making use of it as a debit card.I usually withdraw money no more than
three times for a two 7 days holiday and make debit card purchases for the Sleep of the time. Two
cards can be ordered for the same account. In the Occasion of the card being lost a Substitution will
be with you within 24 hours.

The cards companies are backed by Commercial lenders so if they went bust your money is safe. If the Commercial lender goes
bust you would not be covered so as a precaution It is always a good Concept to load the money near
the time of travel Rather of Making use of it as a place to store cash.

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