Money
Let UrbanBuddy help you transfer your money from one location to another!
The popularity of credit and debit cards have made the transfer of money from one location to another much easier. We have listed a number of useful tips to help you to maximize the use of credit and debit cards and reduce international transaction fees during your travels or study abroad.
Credit & Debit Cards.
The cheapest way to make purchases and access cash abroad is with your credit or debit card. Not only is this convenient but you are sure to get the most accurate conversion rate. To avoid costly transaction and conversion fees, we recommend opening up a savings or checking account with a bank that has international affiliations like Bank of America or HSBC. Bank of America customers will be able to withdraw from Barclays ATM’s with out conversion or transaction fees. HSBC is another great bank to use; you will find their banks and ATM’s all across the world.
Read more about Bank of America savings and checking Accounts.
Large Withdrawals & Wire Transfers.
Remember most ATM’s will only allow you to withdraw an equivalent of 300 USD per day. This is'nt generally a problem but is something to keep in mind for large payments like rent or tuition. If you are a caught in a pinch and need a large sum of cash in a hurry, you can wire money electronically through Western Union. Western Union is a great way to access money and their web site is very easy to use. You can send money to your self almost anywhere in the world by either by phone or their website.
Read more about Western Union.
International Purchases.
A great way to save money on common travel purchases like hotels, hostels, and flights is to purchase them online using a currency of your choice. If you are paying with a credit or debit card this will eliminate conversion fees, reduce checkin times, and reduce the amount of cash you have to cary with you. To book hotels, hostels, and flights we recommend using an aggregator like Expedia.
Check them out!