When traveling, where do you get your foreign currency?

20,385
1,550
Joined Jan 19, 2002
I went to the bank and the rate they gave was
. Where do you guys usually get your foreign cash? Airport? Bank? Foreign country?
 
3,764
382
Joined Oct 5, 2006
I remember when I went to Guatemala, I was going to go to the bank my cousins stonefaced me and told me they would give me a bogus rate and literally drove me to some house and told me to go inside. It was just this house with a waiting room and the lady asked how much us dollars I had and they came back with the money. A week later goons hit the house and took all the money I heard
like 100k
 
21,643
23,633
Joined Dec 28, 2003
When I went to Amsterdam, I got a small amount at the airport when I landed, then a larger amount at a currency exchange in the city.
 
20,385
1,550
Joined Jan 19, 2002
I'm going to mexico, so I dunno bout going to their currency exchange spots there. The wolves can be waiting outside
 
5,637
11
Joined Dec 9, 2007
Originally Posted by illphillip

When I went to Amsterdam, I got a small amount at the airport when I landed, then a larger amount at a currency exchange in the city.
Yeah don't use the airport/train station spots for large amounts. The rates are usually horrible.
 
5,217
118
Joined May 18, 2009
Usually I exchange my money at either the bank or the hotel. Sometimes the hotels can offer decent rates.
 
5,637
11
Joined Dec 9, 2007
This got me thinking. What if you just get it from the ATM? I know there's a certain fee but does it increase when you withdraw more?
 
5,217
118
Joined May 18, 2009
Originally Posted by JPioneer

This got me thinking. What if you just get it from the ATM? I know there's a certain fee but does it increase when you withdraw more?
I've withdrawn from a foreign ATM before. You just need to make sure your card is affiliated. The back of your credit/debit card should let you know which ones to look for. My Wells Fargo cards work with STAR and Plus affiliate ATMs.

I believe there's a cap to how much you can take out. Not sure if it's a daily cap.
 
116
10
Joined Jul 22, 2008
If you can, try and get to the US Embassy. I'm pretty sure they'll do it for free (I did it in Nigeria). Most places where the crime is bad you definitely don't want to do it at a bank or any other major exchange place b/they're just waiting for Americans to come out with bank rolls. My best guess is consulting a travel guide and somewhere inside it should be able to help with converting money.
 
2,261
28
Joined Aug 1, 2005
credit card with no foreign transaction fee>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>hotel or bank
 
7,053
1,136
Joined Dec 14, 2005
im going to DR for spring break, i was just going to withdraw a good amount of cash and put it in my sock before the plane took off, and exchange it later on.
 
96
14
Joined Nov 23, 2004
You will almost always get the best interbank exchange rate when buying foreign currency with either ATM cards or credit cards, which will usually be 2 to 7 percent better than the rates you'll get when exchanging cash or traveler's checks. Try to use credit cards whenever possible for large purchases such as hotel bills, tickets and car rentals. However, keep in mind that most credit card companies add fees for transactions made in foreign currencies. (Capital One is one of very few U.S. credit card companies that do not.) Local vendors such as restaurants and shops may also charge a fee for credit card transactions.

If ATM's are easily accessible in the country you're visiting, we recommend using your ATM card for day-to-day cash needs. But again, remember that your bank (and the local bank) may charge you an additional fee for each transaction -- making it generally a good idea to take out as much money at a time as you feel comfortable carrying, rather than making multiple stops at the ATM.

http://www.independenttra...le.cfm?AID=44&category=8
 
1,786
10
Joined Jan 17, 2009
Originally Posted by rocman23

im going to DR for spring break, i was just going to withdraw a good amount of cash and put it in my sock before the plane took off, and exchange it later on.
Im in DR right now the best place I have seen is the bus station Caribe Tours the exchange rate was like 36 everywhere else it was only 34
 
Top Bottom
  AdBlock Detected

Sure, ad-blocking software does a great job at blocking ads, but it also blocks some useful and important features of our website. For the best possible site experience please take a moment to disable your AdBlocker or head over to our upgrade page to donate for an ad-free experience Upgrade now