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How To Save on Currency Conversion and Fees When Traveling Abroad

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דווח לראשונה בKan News · Jul 11, 2026

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Travelers can save money abroad by choosing payment methods with low foreign currency fees, avoiding paying in home currency, and managing cash and card use wisely. Using a primary credit card with about 1% foreign currency fees, supplemented by a backup card and some local cash, is recommended. Understanding all fees, exchange rates, and pre-authorizations helps avoid unexpected costs during trips.

01Foreign currency fees are only part of total travel payment costs; exchange rates and hidden fees matter.
02Use a credit card with about 1% foreign currency fee plus a backup card and some local cash.
03Avoid paying in home currency at foreign terminals to prevent poor exchange rates and extra fees.
04Foreign currency wallets suit budget-conscious travelers; bank accounts fit frequent foreign currency users.
05ATM withdrawals abroad can be costly due to multiple fees; use known bank ATMs and refuse currency conversion offers.
06Carry two cards, notify banks of travel, and check card limits and fees before departure to avoid payment issues.

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Merav Arad