How To Avoid Paying Bank Fees While Traveling?

We all know that traveling can be a pretty expensive hobby sometimes, right? This is especially the case when you are using your credit card to deal with money situations in a foreign country. But there is so much more to banking overseas than just putting your credit card in an ATM. With this in mind, if you are planning on traveling overseas in the near future, there are some certain things that you need to know! You need to know how to know how to get rid of foreign transaction rates and how to get good exchange rates, as well as how to avoid paying bank fees.

There is a whole lot of people out there who travel overseas and pay ATM fees only to get hit with unexpected credit card transaction fees. But it doesn’t have to be like that at all – you just need to know how to prevent something like this from happening to you. After all, you didn’t save all that money just to give it to the banks later on, did you? Of course you didn’t. You want to keep all that money for yourself, because the math is very simple here – every single fee that you manage to avoid equals more money for food, drinks, and activities!

Eliminating the ATM Fees

Regardless of how much you pay for them, ATM fees can take a big amount of your money over time. While you are on the road, it is pretty much safe to say that you will withdraw money from an ATM at least twice a week. While ATM fees are not the same in every single country, an average price is about $5 per withdrawal. What this means is that you would end up paying about $10 per week, $40 per month, or $520 per year just for the ATM fees.

There are some travelers out there who use an ATM more than two times a week, which basically means that they probably end up spending way more money than that. In order to avoid paying ATM fees, you should use your bank’s partner ATMs. If your bank doesn’t have any partner ATMs, you should try to get a low-fee credit card.

Don’t Use ATMs in Weird Locations

If you see an ATM standing in the middle of your hotel, just do your best to avoid using it. While using that ATM may seem like a pretty convenient solution to you, that solution is usually pretty expensive. These ATMs usually charge high ATM fees and offer some pretty bad conversion rates.

Top 3 Things That We Would Tell a New Traveler

What is that feeling that you are having right now – is it hope or fear? Maybe it is nothing more than just excitement, right? Regardless of what kind of feeling you are having right now, one thing is certain – going on a road trip for the first time can provide you with many different emotions, including both fear and happiness, as well as unparalleled excitement. So, what is the reason for all of this? Well, it is pretty much safe to say that one of the main reasons for this is because when you hit the road for the first time, you just don’t know what lies ahead of you. To put it in other words, you just don’t know what to expect.

Due to the fact that you don’t have any experience with the travel industry, you are vulnerable to making some rookie mistakes along the way, which is completely acceptable if you ask us. But there is no reason to worry though, because we are all human beings, and we all make mistakes. With this in mind, making a couple of rookie mistakes here and there shouldn’t make you feel embarrassed or anything like that. After all, you probably won’t have any idea of what you are doing wrong anyway, so as long as you learn from your mistakes, it’s all good. That being said, here are three things that we would tell a new traveler!

Take It Easy

Don’t rush through your trip! While it can be very tempting to try to visit ten different places in one or two days, we wouldn’t really recommend that. Rushing through five different places in just one or two days just wouldn’t leave enough room for exploration, would it? So, instead of rushing through your travel adventure, take your time and try to take it all in.

Don’t Let Fear Take Over Your Body

When it comes to traveling the world, fear of the unknown can really throw you off your game. But don’t let it do that to you! Just think about all the positive things that you are going to do while you are away from home, and everything should be okay. After all, you are not the first person to travel the world, are you?

Don’t Pack Too Much Stuff

Regardless of how long your first trip is going to be, there is one rule that you always need to follow – try to keep your travel backpack as light as possible. You don’t need to pack everything that you can get your hands on. Buy a smaller backpack and only pack what you actually need to pack.