When traveling, it’s crucial to pay close attention to the costs associated with managing your money. Many people use cards or accounts that, aside from fixed fees, impose substantial charges. For international cash withdrawals, many traditional accounts and cards often levy fees of 5€ or more on each withdrawal. Additionally, foreign currency payments can incur a 3% markup on the exchange rate. Clearly, these fees can significantly impact your budget, especially for long-term travel.
This article outlines which solutions to choose and why it’s essential to minimize these costs. I strongly recommend reading the entire article to understand why I recommend specific accounts and how to avoid various fees, which can extend beyond simply having the right card.