International Cheap Travel

Tips for International Travel
By Jo-Ann Gaidosz

Always bring your ATM card with you. You will be charged a transaction fee by your bank each time you withdraw cash from an ATM machine, but this is your best bet. Just remember to withdraw a few larger amounts as opposed to daily, smaller amounts to avoid numerous bank charges. Most banks charge $1.50 - $5.00 per transaction. Also, depending on the kind of ATM card you have, you may be able to use it in restaurants/stores if the place of business accepts Visa or Mastercard.

When used as a credit card, it will automatically come out of your checking account. In this case, you won't be charged the bank's normal transaction fee. You must remember that many small villages do not have ATM machines, so plan accordingly. Never go to the exchange store fronts on the street or you will be charged a hefty fee. Also, you should bring the name and phone number (the direct line) of your banker just in case you need funds made available while abroad.

Credit cards are another good option since you will get that current day's exchange rate when you receive your bill upon your return home. Credit cards are widely accepted at hotels, restaurants and shops. It is a good idea to bring two different types (Visa or MasterCard and American Express) in case one is not accepted. Keep in mind that most credit card companies charge an additional fee for using credit cards internationally which is usually between 2-3% so check with your credit card company prior to your departure.