I have some tips on how to lower or avoid those international transaction fees on ATMs and Credit Cards. I was looking at your Foreign Money page, and had a few tips that I live by when I travel...
I only use Capital One credit cards when I travel abroad. The 'No Hassle' commercials are true.
Capital One charges no transaction fees for international purchases. They simply convert the price into US dollars and charge that to your account. For international travel, a Capital One credit card is a blessing with no fees of any sort.
Before I started traveling I only had a Wells Fargo Savings & Checking account. Once I learned they charged $5+3% a transaction I opened up an ING Direct and HSBC Direct online account to keep from paying fees. HSBC used to be 0% at foreign ATM's. Unfortunately these too are charging fees now, so I'm once again searching for a cheaper way to exchange money on the road.
Hope this will help some of your other readers. Thanks for a fun website. Great info. What is your next destination? Wow, you have been almost everywhere. I'm adding to my travel resume little by little. I'll keep checking for future updates of your latest adventures.
Happy travels yourself! Eric
Comments for Ways To Lower International Transaction Fees
We feel we are ambassadors when we travel, perhaps we can be ambassadors in cyberspace too and show you the joys of travel. We hope EVERYONE finds inspiration here. We believe that travel promotes understanding and understanding promotes peace.