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Travel Forums Europe euros

1. Posted by nini (Full Member 16 posts) 9y

Hi.

I haven't been to Italy since they used the lira and I am wondering what is the best way to conserve my dollars with the euro being so high now.

Usually when I travel to Asia I bring USD travelers checks but don't think this is the way to go with Italy.

Can anyone advise me......since I am going in March 2008 should I buy euros now in cash or travelers checks in euros or just wait til I get there and exchange then vs just using my credit card?

Thanks for your insight.

Andrea

2. Posted by coldwarspy (Travel Guru 1108 posts) 9y

Id just use ur US bank card with some USD Traveller Cheques incase some banks dont take ur US Card. This happens to me alot.

3. Posted by t_maia (Travel Guru 3289 posts) 9y

Traveller's Cheques suck big time. Feel free to bring some (in USD), but have them only as emergency funds in case everything gets lost or stolen. Don't plan on using them, cashing them will be a big hassle with lots of fees.

Best buy some cash now and withdraw the rest from an Italian ATM when you are there. Use your credit card or your banking card. BTW, how much cash you should get now depends whether you think the dollar is going to rise or fall.

4. Posted by angela_ (Respected Member 1732 posts) 9y

I usually just bring enough cash (in local currency) to get me through 2 days and then bring a credit or debit card and withdraw from ATMs as I go along.

5. Posted by outdooren (Full Member 86 posts) 9y

I haven't used travellers cheques since 1997. Your atm/debit card should work fine especially in Italy. You may want to bring a bit of cash with you that you exchange in your home country. My bank doesn't even charge a fee when I withdraw money from international ATM's, and you get the best exchange rate that day. That's based on Canada's banking system. So, not sure how banks work in the US, I've heard it's a bit different...maybe check with your bank. And find out your bank accounts weekly limits.

6. Posted by tane79 (Budding Member 20 posts) 9y

Quoting angela_

I usually just bring enough cash (in local currency) to get me through 2 days and then bring a credit or debit card and withdraw from ATMs as I go along.

That soundz like a good idea... keep only 2 days cash on you (local currency) and have your Credit Card also on you.. that's what I will do when i head to Europe in 08

thanks for the tip !

7. Posted by laurim (Respected Member 260 posts) 9y

FYI- I just read that it's much better to use a bank debit card to get cash than a credit card cash advance because cash advances start incurring high interest charges immediately, no 30 day grace period.