Hot answers tagged

92

I think the current usual solution is to get a debit card (or failing that a credit card) with low/no foreign transaction and cash withdrawl fees. (In the UK, the Halifax Clarity Card is the best for this at the moment) Then, when you get to the country, take out cash periodically. Not too much in case of issues, but don't assume you can do it too often as ...


81

Before you leave, call your bank. You'll want to alert them that you'll be using your credit or debit cards overseas, so as not to trigger fraud alerts. Then ask them if there is a network in your destination that involves lower fees. For example, my bank gave me names of specific banks in England, Italy, and Germany and told me that if I used ATMs at those ...


70

I have haggled over the scarfs on the Jemaa el-Fnaa square in Marrakesh. The starting price was usually around 200DH and I was able to buy for 65DH. I was totally unexperienced back then but I made some observations: Wait to be invited by the shopkeeper. Pretend you are just passing by and stopping for a moment to look at the wares. Do not express interest ...


49

I don't personally think there are any ethical issues with taking change away. One good reason for doing so is to land with a little change next time you visit; I find it quite handy to have a couple of quarters in my pocket when I land in the US, just in case I need to make a small purchase from a vending machine, or a call from a payphone. Visitors to ...


48

There are no rules that say a hotel has to refund money to already-booked patrons if they lower their prices. And you would certainly object if the hotel asked you for more money because 'prices had gone up since you booked'. Forcing hotels to refund money to customers with previous bookings would essentially mean they stopped reducing prices, because it ...


45

I use five strategies to pay for things when I travel: The best rates are often the rates you get with your American credit card or debit card. Try to charge as much as you can. The fees are very low and the exchange rates are fair. However, many American banks charge several dollars for every foreign currency transaction, so if you plan to spend a lot of ...


43

Technically no, practically speaking yes. Many of the coins look the same as US coins at a first glance, so careless clerks may accept them. I am in the US and often find myself with Canadian pennies and quarters which are very similar to the US counterparts. Having all the new coins in the US in recent years makes it even harder for people to tell the ...


41

It is indeed a (national) collector's coin. It is legal tender in the country where it was issued, but not elsewhere in the eurozone. Even in its country of origin, I could imagine that many people would be surprised to receive one or perhaps even refuse to believe that it is genuine. And looking at the photos you can find on the web, I must say that their ...


39

Technically the only note that is valid legal tender in England and Wales are England and Welsh bank notes: Are Scottish & Northern Ireland banknotes "legal tender"? In short ‘No’ these banknotes are not "legal tender"; furthermore, Bank of England banknotes are only legal tender in England and Wales. Legal tender has, however, a very narrow ...


34

Yes, seriously, although the US$65 "royalty" is actually included in the US$200 "daily package fee". However, that's the group rate (3 or more people), you get socked another $40/30 per person if you're traveling solo/duo, and another $50/night/person if you're visiting when it's neither midwinter nor monsoon (March-May, Sep-Nov). Bhutan explicitly wants ...


34

Source You can exchange unlimited amounts of DM banknotes and coins for euro indefinitely and free of charge at all Deutsche Bundesbank branches. The official exchange rate is set at EUR 1 for DEM 1.95583. We accept the following banknotes and coins for exchange. Banknotes issued by the Bank deutscher Länder (BdL) Bundesbank ...


29

In many hotels you can just drop your keys in a box on your way out (or leave them in your room) and the charges will go to the credit card on file. Should you become aware that the card won't work, one approach would simply be to stay as long as you had intended, pack your bags, and just leave. Undoubtedly the hotel will call or email you within a few days ...


29

Look for unmanned automatic laundry places. Since the washers/dryers there are usually coin-operated, you'll find a coin dispensing machine to convert your notes into shrapnel. You're likely to also find similar machines at self-service car-washes, or in any other business providing coin-operated services. They usually look something like this: Cassa per ...


29

Generally not. Your Canadian money will definitely not work in US vending machines. Some border towns accept Canadian currency, but the further from the border you get, the less likely it is.


28

Currency inflow/outflow in India is regulated under the Foreign Exchange Management Act. The relevant foreign exchange / customs rules are: Import of Indian Currency is prohibited. However, in the case of passengers normally resident in India who are returning from a visit abroad, import of Indian Currency upto Rs. 7500 is allowed. This translates to ...


27

Assuming a mature system of law and a country where the police is not commonly corrupt and debts not commonly collected by violent means: Are they allowed to hold your passport until you come back and pay? No, unless you agree to it as a means of quickly, cheaply and unbeaurocratically settling the issue. What happens if they call the police? The ...


27

Mastercard, hands down. If you want a card to make payments abroad, your choice is between Mastercard and Visa, especially in Europe. Other cards are much less commonly accepted (and in fact quite rare there). American Express cards can be good for their perks: cash back, insurance, miles, rewards, whatever but not for convenience when travelling… You could ...


26

My answer is Europe centric: We are used to banks in the USA that will give you a debit or check card with a magnetic stripe. Credit cards are the same way. Some of these credit cards have a chip and almost none of them require a pin when used as a credit card. On the other hand, when you fly / sail / swim across the pond to Europe, almost every local card ...


26

Unless it is a significant amount, changing coins isn't worth it. The amounts are small and most banks and foreign exchanges won't accept coins generally. My solution is to collect the left over foreign coins until I fly on an airline that participates in the Change for Good program and then donate them. British Airways and Virgin also have their own ...


25

The only real way to be successful at this is to start knowing the value you place on the item and never pay more than this. Start your haggling below this price - a good rule of thumb is for your starting price to be around the same amount below your final as the asking price is above. Some countries like to bargain harder, but at the end of the day, you ...


25

If you pay by Dollar (or home currency) The hotel will add a charge for this, hence you will be paying more. If you pay by local currency the exchange rate will be decided by the credit card company or bank. These exchange rates are much better than the hotel rates. Check this Visa page for more information regarding this service for Visa holders. AFAIK, ...


24

In short: no. Mostly, credit card acceptance in Germany is still the exception rather than the norm. There are a couple of places, however, where you can expect at least Visa and MC to be accepted, most notably ATMs and gas stations. Be prepared to pay in cash everywhere else.


24

Thomas Exchange will change almost any currency into Sterling - including the Mongolian, Kazakhestan, Uzbekistan and Kyrgyzstan, Armenian and Georgian currencies, and many other obscure currencies and even pre-Euro currencies such as French Francs, Italian Lira, etc. We do not charge any additional fees and our rates are always better than the Post Office, ...


24

Try a credit union. Many of them boast surcharge-free ATMs. Lots of smaller banks don't collect surcharges either. Those that don't often will have a big sign saying so near the ATM. The Credit Union National Association, the Independent Community Bankers Association and The Co-Op Network all have ATM locators on their Web sites. Ask for cash-back when ...


24

It is certainly not true that "most European countries take gold". You cannot pay for goods in a shop with gold. Nor can you walk into a high street bank with gold and walk out with currency - you would need to do it through a specialist dealer. There are places where you can sell gold jewellery, but you will get very poor prices.


24

There is nothing unethical about keeping your own money. The money you earn is your to spend as you see fit (other than what your government demands you give them in taxes ;-). Lots of travelers keep their leftover coins and currency as souvenirs, as you mentioned, it brings back fond memories. Lots of travelers bag up their leftover currency and coins to ...


22

In most border towns you can, further away not. Sometimes they might also give you small change back in CAD, or charge you a small fee for using USD. If you exchange the money in a bank you will get a much better rate. Try to pay with your Credit card whenever possible.


22

There is no limit, if it's more than 10'000 USD however, you need to declare it: There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filing a joint declaration (CBP Form 6059-B) have $10,000 or more in currency or negotiable monetary instruments, they ...


22

I believe you are mixing two pieces of advice. The best currencies are Euros, Canadian Dollars... This is because of the trade embargo against Cuba from the USA. This means US dollars are very expensive to exchange in Cuba, so other currencies should be used. Euros are often said to get the best exchange rate. This is not saying that vendors, hotels ...


22

There is one Pound Sterling, which is represented by Bank of England, Scottish and Northern Irish notes and by Royal Mint coins (there aren't separate coins in England, Scotland and Northern Ireland). Gibraltar, the Falkland Islands and Saint Helena (overseas territories) and Jersey, Guernsey and the Isle of Man (crown dependencies) each have their own ...



Only top voted, non community-wiki answers of a minimum length are eligible