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This is a sub-selection from hmmmm

cowboyro
Premium Member
join:2000-10-11
CT

cowboyro to jjeffeory

Premium Member

to jjeffeory

Re: hmmmm

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

Corehhi

Member

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
Sunnyvale, CA

chgo_man99 to cowboyro

Member

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

cowboyro
Premium Member
join:2000-10-11
CT

cowboyro

Premium Member

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
Sunnyvale, CA

chgo_man99

Member

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 Member
join:2005-06-24
Willseyville, NY

jp10558

Premium Member

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
Sunnyvale, CA

chgo_man99

Member

this is for cashless transactions, not exactly something for $10 in cash.
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