Foreign Banking Hazzards by MaryJayne

fashion magazine & community, created by you.

Community:

My Column

MaryJayne (42)

General >> It Thought

Foreign Banking Hazzards

10/19/2007 11:26 AM

Exchange Rates

While London is calling this holiday season, and when Paris starts to sound romantic in the spring, you’ll shop around for cheap flights and a great deal on a hotel, but you might not think to shop around for the best card to pay for it all with. Those paper bills that come out of foreign cash machines feel like monopoly money anyways, but are even easier to spend when you’re not sure exactly how much they’re worth. While attempting to transfer funds from my bank account in the U.S. to my account here in the United Kingdom, I discovered that my bank hasn’t been giving me a current market value exchange rate on my international transactions. They just aren’t required to. This means that on top of the set fee or percentage per transactions that many banks charge for international transactions, your bank may be giving you an exchange rate that is taking money out of your pocket and putting it into theirs. Before you travel anywhere outside the united states, check with your banks and credit card companies to see which card it will be in your best interest to use. There’s no point using your debit card for anything other than cash withdraws if you credit card has a better exchange rate. If you don’t ‘Know before you go,’ that prized souvenir you haggled into your price range might end up costing way more than you bargained for.

Comments (1)

Source

Other Posts by MaryJayne
Dewy Lips and Eyes
	This Lip and Eye Gloss from Jemma Kidd is a multi-purpose mi... Read More

Are Concept Phones the Phones of the Future?
	The new line of futuristic concept phones by Sony Ericsson a... Read More

The Big Bang Theory- A Brilliant New Comedy
	Two brilliant three-dimensional chess playing, tech talking,... Read More

Earth Hour 2008 Was a Huge Success
	The first ever international Earth Hour was a huge success. ... Read More

Global Earth Hour 2008
	At 8pm on Saturday, March 29th, 2008 the lights are going o... Read More

Related Posts
Yigal Azrouel - Women RTW Spring 2009 - Mercedes B...
	It was all about the draping and rough unexpected layering ... Read More

SUSTAINABLE STYLE
	The best designs often stem from ones native surroundings a... Read More

Designer T-Shirts That Give School Uniforms to Chi...
	Imagine being able to give an orphan or vulnerable child th... Read More

Preppy Sweaters Make a Woman
	I have something i need to tell you, my readers. I am addic... Read More

Alice McCall Spring 2009 New York Fashion Week
	At first, the title of Alice McCalls show, Some are not ins... Read More

Members who voted for this story (0)

Comments (1)

They are awful and charge crazy rates, especially if you didn't check on those rates in advance. If you "don't care" they'll charge ridicules rates, but if you do they "happen" to have a special deal just for you (and its not going to be cheap either but at least reasonable). same goes for cell phones btw.

Comment by:Pta33 @ 01/13/2008, 01:31:33 AM

To comment please Login OR Sign Up

Latest It Things

View All