You like to travel abroad on many occasions. However, are you tired of paying expensive overseas banking fees?
If you spend quite a bit of money abroad, you probably could save a bundle on foreign exchange charges. European banks don’t charge fees when you use a foreign currency like the British pound, US dollar, Japanese yen or the Euro.
You should know that most of U.S. dollar transactions can be completed quickly and efficiently using a computer. You can charge most of your purchases or withdraw money anytime you need to. Most of the online stores give you the ability to pay instantly. But if one night you are staying in a Paris hotel room with a foreign language then you have to convert the currency correctly.
I would always bring at least 100 U.S. dollars along with me. Although, I usually always carry some of my U.S. dollars to have any access in foreign countries. You should carry a minimum of 100 U.S. dollars in your wallet. This is for credit and debit card purchases.
Some stores only accept U.S. dollars, thus you have to have U.S. dollars on you even if you are only planning to spend them on local stores only. One dealer in Europe accepts the euro, but only in the mall or near to a post office. You can’t withdraw cash in euros in France so be prepared for that.
It helps you to sign up for the card you would like to have and gave the details of the driver which must be the name of the clerk who introduces you and introduces you to the agent who sends you to the foreign country. I always remember this tip; bring cash to pay the fees of the dealer in the U.S. dollars in foreign country in cash. The dealer always knows that you bring cash.
You should keep your credit card in a safe location like near to the post office or in locked in your car. You should be prepared for the fact that you may have to cash it in. This ensures that the card is with you, and that you have access to it if it is stolen or lost.
Five years ago you couldn’t just check the number through the telephone. But now the numbers are on the computer and you don’t have to worry about telephone fraud protection. Technological advances make it easy. Your computer has all the same information that your telephone. You receiving your credit card receipt is receiving the information for that business.
When in Europe travel, particularly to countries that have strong banking industries like Switzerland and Next Wave, you should carry some six month of hard currency in cash. Don’t bring your Euro, because that is not accepted. If you purchase something you want to exchange back into the U.S. dollars, what is on the face of the receipt should have the exchange rate of the U.S. dollars from the time of the purchase. It should say EUR/USD. That means you buy one hundred “E” dollars with one hundred “D” dollars. You should then exchange the dollars back into the euro after you leave.
traveler’s checks should be always in your wallet. You can exchange them at any ATM in Europe. Along the attractive brochures at each of the banks, you should stop to have a look at the currency rates. Some tourist attractions like the Wikipedia office in San Francisco International airport, or the Aren optimizing auditor in Luc kcal are very favourable to exchange.
Give yourself a travel budget. Plan what you need for your trip. If you are planning long tours of the beautiful sectors of Europe like Italy, Spain, France or Greece, you may want to plan on spending about N200,000, about EUR1,500-1,800 per person. If you are going at 6 people, you will spend about EUR400,000.
You should leave your credit cards and ATM cards at home.
Convenience is a big factor when you are trying to maintain a budget. With the internet you can fit a lot of expenses into your daily life. On the other hand, you should try not to carry cash because there is a lot more risk to losing it than carrying cash with you. You have to re-PP your money every time you change it. If you plan and calculator your large expenses, you will make it a lot easier to eat yourself. Waiting until the last minute is too hectic to plan your large expenses. When you realize that an opportunity comes along, you have time. Most people who succeed achieve their goals only when they work hard toward them. So, why don’t you make a plan and stick with it.