5 tips for your finances
A carefree vacation needs to be well prepared – even if it is about payment on site. Especially when the trip to a country leads outside the euro zone: What kind of tickets are in demand and how do you get cash in foreign currency? It is best to clarify such questions before departure or departure.
Basically, according to the Federal Association of German Banks (BDB), one is well positioned with a mixture of cash and cards. How it looks best in detail:
Tip 1: Department and credit card have with you
On the safe side, if you have a globally valid credit card in addition to a debit card. In the case of hotel reservations or rental cars, for example, debit cards are not accepted everywhere – especially if you have to deposit deposits. The following applies to both types of maps: Before the trip, make sure that there is no too low limit.
Tip 2: Take off cash instead of exchanging
It is often cheaper to withdraw cash in the state currency on site at the machine instead of exchanging money in the exchange office. If you still want to exchange cash, make sure that you do this with official banks or exchange offices. Because dealers often offer overpriced courses on the street.
Tip 3: Rare, but withdraw larger amounts
Since the machine operator often calculate fees for cash withdrawal, the more expensive it will be, the more expensive. Instead of lifting smaller amounts several times, it is worthwhile to have larger amounts paid out directly.
Tip 4: Inform about the conditions and offers of the bank
It is best to find out about the conditions of your bank in advance and the costs for a cash withdrawal abroad and for foreign currencies. They can vary depending on the card used. Some banks also have their own branches or cooperation partners abroad, so that customers can withdraw money free of charge. If you get well informed, you can save money.
Tip 5: have amounts displayed in state currency
When lifting or paying with the card, you can frequently select the currency in which the amount is displayed. It is cheaper to choose the state currency. Because then your own bank calculates the exchange rate, which is cheaper. ATM operators often take an additional surcharge for the conversion into euros.
