Going on a trip abroad is always exciting, but bank charges can quickly cloud the picture. To help you save money on your next getaway, here are 3 simple tips to follow to avoid unnecessary expenses and fully enjoy your stay!
Check if your bank card is international
First of all, it is essential to ensure that your Bank card works abroad. Almost all cards issued by major international payment networks, such as Visa, MasterCard and American Express, are accepted in many countries. To check this, see if your card has one of these logos and if ATMs abroad accept your card.
However, an international card does not necessarily mean the absence of Bank charges additional. Check this carefully before leaving to avoid unpleasant surprises.
Favor the euro zone to avoid fees
If you’re traveling to a Eurozone country, you’re in luck! Card payments are generally not burdened with additional fees, as the currency is the same, Euro. It is therefore preferable to favor card payments rather than cash withdrawals, often charged by ATMs.
Outside the Eurozone, there is a risk of additional charges. Two types of fees may apply:
- A fixed and/or proportional commission on the amount of withdrawals and purchases
- An often disadvantageous exchange rate
Options to avoid extra fees
For those who wish to minimize bank charges when making their travel, two main solutions exist.
Option 1: Subscribe to a temporary international option with your current bank card. This allows you to benefit from payments exempt from bank fees abroad for a given period, while avoiding procedures with another bank.
Option 2: Open an account in an online bank or neo-bank. Institutions like Revolut or Boursorama Banque offer free bank cards, without additional fees abroad, outside the euro zone. The procedures are often quick and easy, allowing you to register in just a few minutes.
Additional Recommendations
Finally, here are some additional tips:
- Avoid ATMs in airports or tourist areas, which are often overcharged.
- Favor card payments rather than cash withdrawals.
- Ask your bank about the specific fees applicable to your card.
By following these tips, you will be able to minimize your banking expenses while fully enjoying your travels.
