Buying and Selling Foreign Currency Get the best exchange rate The exchange rate for using an ATM will be the same as using a credit card. You will be charged a usage fee by the foreign ATM operator as well as your ATM card issuer. Using an ATMĪutomated Teller Machines (ATMs) are widely accessible in major metropolitan areas. Recommend that you notify your debit card issuer in advance. Like credit cards above, debit cards offer the best rate of exchange, and if you plan to use your debit card on your trip, we Using a Debit CardÄebit cards are widely accepted for purchases, but you may encounter problems when using them for hotel and car reservations. Monitor your spending habits (such as where you frequently purchase and how much you spend), if you haven't notified your card issuer ahead of time, the issuer may assume that your card has been stolen. Doing so may avoid delayed transactions on your trip. If you anticipate using a credit card on your trip, we recommend that you call your card issuer ahead of time to advise them of your plans to use the card in a foreign country. Some card issuers may have an additional foreign transaction fee. Keep in mind, however, that except for cash advances, the rate is not applied to your transaction on the date of your purchase it's applied on the date that your transaction reaches the credit card clearinghouse. You will receive the best rate of exchange of the day when using a credit card, even though the rate of exchange could fluctuate many times throughout each day. Using a Credit Card Credit cards offer the best rate of exchange Review our travel tips below to help prepare you for using your money overseas. When traveling, the last thing you want to worry about is money.
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