I have been at this research gig off and on since Feb. Yeah, I am one of those "collect all the info you can then make choices people."
I am in the process of down sizing my world to travel aboard for an extended amount of time. I may never get back to the US.
From the research I have done people are saying the best way to deal with money issues is to have an ATM card. Actually two, one of the star system and one for the cirrus system. The current thorn in my side is a bank card that doesn't charge me for every little thing.
I know Nationwide in the UK doesn't charge atm fees or currency conversation fees. Sadly, I do not hold a UK passport.
SO, Americans what Bank do you use?
I am barking up the wrong tree and should I find a different way to deal with money issues?
The last time I traveled I used my bank's (wellsfargo) Visa credit card and ATM card. It served me just fine (except for the ATM fees - but no way to get around that) and I will probably just use them again. Hopefully that helps in some way.
Thanks for the reply.
I may not have been clear in my 1st post. I am not keen on credit cards because of the fees...both from the card issuer and from the place you are using it…surcharge I believe it what they call it.
The surcharge on any credit card purchase in Honduras is 12%.
I believe it may be possible to find a debit card with no ATM fees worldwide, the glitch is the currency exchange fee...some are up to 3%. The other boggle is minimum balance. That‘s all dandy it the beginning of a trip but later...it would be tough to keep $1500 in an account.
I am looking for the best possible and less expensive solution.
Or it may be those of us with no choice other than to do our banking in the US are stuck paying fees.
I wish I knew for sure.
I have hear people talk about hidden fees as well. That can't be any fun.
I suppose travelers checks are the next best option - if you come across any good leads, please let me know. I leave for about 8 months of travel in Oct. so I am hoping to cut down these atm expenses as well.
Actually, from what I understand...in many places the only way to cash a travelers checks is at a bank and they take a % higher than ATMs.
in Honduras...TC are all but useless.