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How to Travel Abroad and Save Money by Edith Eckhart
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How to Travel Abroad and Save Money |
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Business,E-Commerce
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Many consumers who cash checks, order checks, write personal checks or go to their banks to review personalized check designs also travel abroad and they conduct regular banking transactions in foreign countries. ATM Machines Before traveling to another country, business travelers should verify if their bank has ATM machines located in there plus, they should also verify that their ATM card will work with other machines in that country without incurring additional fees. Consumers who are considering staying abroad for an extended period of time should consider opening up a bank account in that country to insure that they will be able to successfully use their funds without having to pay excessive fees or charges for their U.S. based account. Currency Exchange Rates Before traveling abroad, banking consumers should always verify the exchange rate of the country that they are traveling to, and then purchase the currency that they need with their U.S. money. When it comes to travelers checks, consumers should always keep their cash and travelers checks separate from another to avoid the hassle and frustration if their currency gets stolen. Travelers should also write down the serial numbers of their traveler’s checks to insure that those travelers’ checks will be able to be tracked by the police if they are stolen or lost. Traveling Tips When someone arrives in a foreign country they should exchange their U.S. dollars for foreign currency upon arrival, this can be done at the airport or at banks in the area. Travelers should also avoid carrying large amounts of cash to the destinations that they visit because, U.S. travelers who “flash their cash” are easy targets for thieves or pick pockets and will face the possibility of getting robbed or worse. Always Look For Logos Last of all, but most important, when traveling abroad it’s important to always look for logos for the major credit card companies like VISA, American Express or Master Card. This will give any traveler confidence that they will be able to use their cards and not go without because; the hotel or restaurant that they visit doesn’t accept their form of payment.
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