How to Get Money on the Road

Short on cash? The best way to get access to your money while you're on the road is through ATM cards, credit cards or traveler's checks. If possible, exchange cash for local currency only at large financial institutions.

Difficulty: Easy

Instructions

Things You'll Need:

• Checkbook Wallets
• Money Belts
• Calculators
• Bank Account
• Credit Cards
• Travel Services
• Travelers' Checks
• Calculators

1. Check to be sure that your ATM card is compatible with either the Cirrus or Plus system.

2. Choose a 4 to 6-digit PIN code and memorize it. Avoid using alphabetic PIN codes because most overseas ATM machines don't have letters on their keypads.

3. Obtain traveler's checks at your local bank before you depart.

4. Exchange approximately $100 for foreign currency before you leave home.

5. Search for the best exchange rates. Call banks and currency exchange establishments. Use a pocket calculator or converter to ensure that you are getting the correct exchange rate.

Tips & Warnings

• You can have money wired directly to you from home if your bank account runs dry. Check your guidebook for Western Union, or other money-wiring service, locations.
• If you have an American Express card, check with the company about its financial services abroad.
• Save receipts when you convert money. You may be asked to show these in order to convert the local currency back to dollars.
• When you first arrive, locate a few different ATMs in each area you visit.
• Beware of pickpockets who target wallets in back pockets and open purses.
• Avoid using hotels or small shops to exchange money.

on 11/22/2005 We use a debit card when traveling, - it's as easy as any, and we don't get a bill at the end of the month for the amount withdrawn. Thus, no risk of oversight or an interest charge.