by Mark Albert
When traveling, one of the key questions is: where to get your money? Obviously your bank account, but how do you withdraw it? At the airport in your home city?At the airport upon arrival in your destination country?At your hotel? An ATM? Here are our tips for how to save money withdrawing cash abroad.
I’ve found the least expensive option is usually to withdraw your cash from a currency exchange bureau, bank or ATM in the city where you’re staying — not at the airport when you arrive or a bank in your home country. Why? Because you want the best exchange rate possible and you’re only going to get it where locals get their cash. Like everything else at an airport, the rate is inflated because of high demand, convenience, and a captive audience; it’s also that way in your home country because of the extra cost to the bank to procure it.