When vacationing in other countries, deciding ahead of time how you’ll manage your money and daily purchases can give you more control over your overall spending and ease daily money hassles. Whether you choose to rely on credit cards, local currency, or a combination of the two, using cash has its advantages.
With cash, you can comfortably buy without figuring conversion rates or accumulating credit cards’ extra fees for every purchase. Spending local money means you avoid credit cards’ foreign exchange fees, those surcharges on your bills that appear when you make any purchase that either passes through a foreign bank or is in a currency other than EUR. These fees are charged by many credit card issuers and typically range from 1% to 4% of each transaction. That percentage may sound small but can transform into double or triple digits after a week’s charges of hotel bills, transportation, dining out, sightseeing and entertainment fees, and local shopping splurges. Do some investigating beforehand to see your credit card issuer’s policies and fees for overseas use. Or, rely more on cash instead.
Send Money Via Western Union Ahead of Time
Check finances off your travel prep to-do list by lining up money for pick up in the local currency when you arrive. Easy to use on any smartphone, the Western Union app lets you transfer money to your destination before your trip, provides a currency converter, and can track your transaction to over 200 countries and territories.
This type of money transfer is reliable and easy, and it takes one thing off your to-do list before you leave. Your money will be waiting in the local currency for pickup at any of our hundred of thousands of agent locations worldwide.
Cash Is Always Good to Have on Hand
When you travel to a major city or resort, many businesses will accept a credit card and some will accept digital wallet payments like from Google Pay or Apply Pay. But if you’re going off the beaten path, want to tip in the local currency, or see a gift to buy from a kiosk on the street, cash may be the only payment that’s accepted.
Airport Exchanges Can Be Costly
Yes, you could always bring cash from home and exchange it once you land at your destination, but then you have to worry about it getting lost or even stolen as you move your bags from spot to spot through airports, cabs, and train stations. Plus, exchanging currency at airport kiosks often means unfavorable rates and higher fees than you’ll find elsewhere.
International money transfer services like Western Union can help you easily send money to another country ahead of time, with hundred of thousands of locations worldwide, Western Union can assist you with your money needs no matter where your travels take you.
