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This is a sub-selection from hmmmm

jjeffeory

join:2002-12-04
USA
reply to chgo_man99

Re: hmmmm

...and you're free to pay foreign transaction fees too with those banks.

chgo_man99

join:2010-01-01
San Jose, CA
No foreign atm transaction fee if you withdraw cash with ATM Global alliance bank. Here in the U.S, Bank of America is in this one. You just have to know foreign partner bank in a country you visit.

Also those foreign transaction fees are not big, but they add up if you use a lot. You still need to use a CC in certain highway tolls, gas pump stations or self-serve train kiosks.


cowboyro
Premium
join:2000-10-11
Shelton, CT
reply to jjeffeory
said by jjeffeory:

...and you're free to pay foreign transaction fees too with those banks.

As opposed to having to carry large amounts of cash and having the same fee (if not higher) buried into the exchange rate at some currency exchange place.


Corehhi

join:2002-01-28
Bluffton, SC
Reviews:
·Hargray Cable
said by cowboyro:

said by jjeffeory:

...and you're free to pay foreign transaction fees too with those banks.

As opposed to having to carry large amounts of cash and having the same fee (if not higher) buried into the exchange rate at some currency exchange place.

Cash is actually more expensive then using any CC when in a different country.

chgo_man99

join:2010-01-01
San Jose, CA
reply to cowboyro
Currency exchanges are always more expensive than a visit to a local bank.


cowboyro
Premium
join:2000-10-11
Shelton, CT
said by chgo_man99:

Currency exchanges are always more expensive than a visit to a local bank.

Not always, sometimes. Airports and hotels are the places with the worst rates.
Even exchanging at the local bank is a rip-off. Depends on currency and the country. And selling back your unused foreign currency for USD is even worse.

chgo_man99

join:2010-01-01
San Jose, CA
said by cowboyro:

said by chgo_man99:

Currency exchanges are always more expensive than a visit to a local bank.

Not always, sometimes. Airports and hotels are the places with the worst rates.
Even exchanging at the local bank is a rip-off. Depends on currency and the country. And selling back your unused foreign currency for USD is even worse.

I agree. When came back from Canada, I had $10 Canadian dollars left in my wallet, and got back only $5.XX since local exchange ripped off this transaction $3 just for transaction.

jp10558
Premium
join:2005-06-24
Willseyville, NY
I don't know how workable it is for changing countries, but there are online services like »www.xe.com/fx/how.php ... Not sure if you'd save money once you got the funds to them and then back out...

chgo_man99

join:2010-01-01
San Jose, CA
this is for cashless transactions, not exactly something for $10 in cash.