Summer and vacation time is coming up. When you planning a trip, it is advisable to book tickets on time, book hotels, choose sites to visit … Have you really forgotten anything?
Financial experts unanimously confirm: when spending a vacation abroad, we need to take special care of our money – save payment cards and cash, carefully choose ATMs and currency exchange points.But how to remember all this? We summarized some recommendations that will be useful to anyone who goes on a trip abroad.
1. Do not forget the payment cards
Long gone are the times when you could pay off on a trip only with cash. The payment card allows you to conveniently pay for everyday purchases or for dinner in a restaurant, in turn, a credit card can come in handy when you book a hotel or rent a car. These are those services that require a security deposit.
2. Take care of the fallback option
If possible, take two payment cards with you on a trip – so that you can still pay off if one of the cards happens to have something unforeseen.
3. Find out everything about card payments
Remember that the settlement currency automatically changes to the currency of the account to which the card is tied, in compliance with the order and price list established by the bank.
4. Do not use suspicious ATMs
Take off money only in ATMs of well-known banks – in safe, well-lit places. Before traveling, study the list of reliable ATMs in the country where you plan to go.
5. Do not take money too often
Usually, the commission for withdrawing money from ATMs varies between 1.5-2.5 percent and depending on the amount of the withdrawn amount, therefore, banking experts advise you to withdraw money less often, but in larger amounts.
6. Take care of cash, too.
There are still places where you can pay only in cash. Most often these are campgrounds, bazaars and small cafes. Therefore, it is worthwhile to take care of cash as well.
7. Do not change large sums of money for other currencies
At one time you should not change large sums of money, especially for the currencies of exotic countries, which you can not use on another journey. When you exchange the unused money back to your currency, you will incur losses.
8. Do not store payment cards with cash
If something unforeseen happens, you can stay in a foreign country without a payment card, and without cash.
9. All calculations – only in your presence
Demand that all transactions, during which your account is withheld, took place in your presence.
10. Money on a bank card is safer and more convenient
With a card, your money is only available to you. And even if the card is lost, the money will remain on your account.