Travel

Travel Currency Tips

Live Markets Editorial Team

How to spend abroad without getting ripped off.

Travel costs and payment fees vary by destination, provider, and card. Check the exchange rate and charges before paying, and keep a backup way to access money.

1. Compare Airport Exchange Rates

Airport kiosks are convenient, but their exchange rates and fees vary. Ask for the total amount you will receive and compare it with other available options. If you use an ATM, check both the card issuer's and ATM operator's charges.

2. Review Dynamic Currency Conversion (DCC)

A card terminal or ATM may ask whether you want to pay in local currency or your home currency:

"Would you like to pay in [Local Currency] or [Your Home Currency]?"

Compare the displayed amounts and charges before you choose. Visa says DCC offers should show both amounts, the exchange rate, and any added fees or markup, and the cardholder must be given a choice. If you want your card issuer or network to convert, choose the local-currency amount; issuer fees can still apply.

3. Get a Zero-Foreign-Transaction-Fee Card

Some cards waive foreign-transaction fees, while others charge them. Check your issuer's current fee schedule and conversion terms; an ATM operator or DCC provider may charge separately.

4. Understand the Cash Culture

Card acceptance and cash needs can vary within a destination. Before you travel:

  • Check payment guidance for your itinerary, including transport, small merchants, and places outside major cities.
  • Carry a backup payment method and only as much cash as suits your plans and security needs.

5. Don't Carry Too Much Cash Home

Before converting leftover cash, check whether a local provider accepts coins and what rate or fee applies. Exchanging money back may involve another spread or charge, so compare the cost with using the remaining currency for an expense where it is accepted.

6. Notify Your Bank (Sometimes)

Issuer procedures differ. Check your bank's current app or travel guidance to see whether it asks for a travel notice and how to contact it if a card is declined.

Sources / References

  1. Dynamic Currency Conversion — Visa Explains the cardholder's choice, required display of both amounts, exchange rate and added fees, and when to decline a DCC offer.
  2. Visa Exchange Rate Calculator — Visa Provides an indicative Visa-card conversion estimate and notes that the card issuer may apply its own rate or fees; it is not a guaranteed transaction quote.
  3. Personal Schedule of Fees — Bank of America Bank-specific schedule effective 7 August 2026; it lists wire fees and says foreign-currency wires can include exchange-rate markups. It is an example, not a market-wide fee schedule.