Tips on how to use ATMs when you travel

Photo Credit : Master Card

Understanding your finances is very important when it comes to navigating exchange rates and knowing where and how to withdraw cash in a foreign country. The goal is to travel smart while enjoying yourself on a vacation. Here are some tips that will save you some money when you use ATMs abroad.

Know the type Type of bank card to use

Credits cards are great for online purchases. So, instead of using credit cards for ATMs use debit cards. You will be charged a fees/interest if you use credit cards in any ATMs.

lOCATION OF AN aTM

Always use ATM that are next to the banks. These are more reliable and incase your card gets swallowed by the ATM, you can easily walk into the bank. Avoid Standalone ATMs.

Understand exchange rates

When you use an ATM aboard, it asks you what currency you want for conversion. Always, make sure you select local currency option for conversion rates. So you get the best exchange rates.

CASH IS KING

Make sure you withdraw enough cash you need from the ATM. Just to avoid situations where they are only few ATMs and they run out of cash. Make sure you always have some cash handy Incase of issues with ATM

I hope you found this helpful. Share with your travel buddy.