BREAKING NEWS

Metro

World

Spiritual

5 Sep 2017

5 Interesting Ways To Cut Bank Charges When You Travel Abroad

Banking abroad is more than just using your card at an ATM or using Point of Sale. So, when you travel abroad and you want to perform any transaction, you must know how to avoid paying bank fees, eliminate foreign transaction charges, and get a good exchange rate. If you do not, you will discover that your bank will have a field day deducting fees for banking transactions. In line with this, Jumia Travel, the leading online travel agency shares ways you can reduce bank charges when you travel abroad.

Eliminate ATM fees

ATM fees can really add up because while travelling, you will probably withdraw money from an ATM. Of course, you already know that ATM fees vary around the world. With this at the back of your mind, you should get a bank in the Global ATM Network. This is a network of large banks that have removed fees and allow for free ATM withdrawals.

Don’t use ATMs in weird locations

Using ATMs you find at random places is not really a good idea. They may be convenient but they always charge high ATM fees and their exchange rates are high. Avoid such ATMs and find a major bank to get cash.

Never change money at airports

Most exchange bureaus in airports do not offer good exchange rates. The rates at airports are usually unfavourable. As such, do not change your money at the airport except you have to.

Exchange with other travellers

If you end up with extra local currency at the end of your trip, consider selling it to another traveller. You will probably get a better rate and you can avoid all bank and conversion fees.

Download the XE app on your phone

It's always best to know the exchange rate for the country you are travelling to. The XE Currency App is perfect for this purpose as the app automatically updates every day with the exact exchange rate.

THINK YOUR FRIEND WOULD BE INTRESTED? SHARE THIS STORY USING ANY OF THE SHARE BUTTON BELOW ⬇

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian