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There are four main considerations when using overseas money: commission fees, exchange rates, interest rates, and transaction costs.

Commission Expense

Commission expense Can be either a percentage or a fixed price fee. Typically it cost 1-3 % (up to 5-6 % ) if purchased in the country of origin . The costs will be added 1-2 % when we make the switch to foreign currency (but, sometimes it can also be cashed without any additional costs). We could also not be charged when exchanging money, such as a billboard emblazoned " No commission " , but the possibility of its exchange rate low or there is hidden fees .

Foreign Currencies

Certain currency is more valuable than the other. The exchange rate may varies, the thing to always remember is buy foreign currency at the destination .

Foreign exchange is full of " game " If we use credit cards or debit cards abroad, they will provide the appropriate level of inter- bank conversions, but it is not possible there are transaction costs up to 3 %.

Interest Rate

Financial service providers will charge you if we borrow cash or shop by card. One way to avoid the obligation to pay interest is fill out a credit card with sufficient funds before going abroad.

It is often useful, but some cards may charge interest immediately when we withdraw the money , although the cards still have more funds . Note the credit card terms!

ATM transaction fees

ATM transaction fees are usually small but can be burdensome. Transaction costs are usually in the range of $2-5 per transaction. In Vietnam it could "not messing around" as the largest single withdrawal from an ATM is around $125 - that is if we want $500 in cash, we have to withdraw $125 In four times, Meaning that there is a minimum of $8 transaction fee. This is not a problem in Cambodia that single withdrawal limit is $2,000.

Find any information of these money matters through internet, or join rsi vacation club reviews so you can ask and share with people who had been there.