When you travel a lot, you need an inexpensive way to access you cash because if you don’t have one, the fees can add up. There are 4 main ways to access your money:

1) Credit Cards

Pros: Convenient and good rates. Most credit cards have competitive exchange rates but make sure your credit card doesn’t have a fee for international charges.
Cons: Not all places accept credit cards. You need to be vigilant of fraudulent charges, especially overseas.

2) Traveler’s Checks

Pros: If lost or stolen, can be replaced.
Cons: You usually get a lower exchange rate than with cash. Not accepted everywhere.

3) Exchanging Cash

Pros: Cash is king. Everybody take cash.
Cons: I would not be comfortable carrying around large amounts of cash for an extended period of time.

4) Debit/ATM Card

Pros: Most banks will offer a competitive exchange rate.
Cons: The ATM fees can add up; Not all ATM’s are free to use.
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