A. Try the following 4 ways to save on foreign exchange fees when you travel overseas:
1. Which Credit Card / ATM Card to Use?
Before you leave, call your credit card and ATM card companies and see which one offers free foreign transaction or conversion fees (typically $3 per ATM withdrawal and up to 3% on purchases).
2. Where to Get Foreign Cash?
Skp Travelex, a currency-exchange firm and ATMs at airports, both tend to offer expensive exchange rates or charge fees. Wait until you can withdraw local cash at a major ban's ATM at your destination.
3. Do Foreign Exchange While At Home?
Your best chance for a good foreign currency exchange rate is at regional banks, or credit unions rather than national banks.
4. Charge the Amount in Dollar or Foreign Currency?
If you use your credit card, some merchants may ask if you want to charge the amount in dollars rather than the local currency. Do not do that, as those merchants may set an unfavorable exchange rate.