-
One way to avoid unfavorable exchange rates abroad is to buy travelers checks in the currency of where you'll be traveling.
FORBES: Prudent Traveler
-
Retail bank branches may be the oldest legacy of all, but they have not been replaced by ATMs, direct deposit, standing orders for bill payment, travelers checks, credit cards, phone banking, Internet banking or mobile banking.
FORBES: Is SWIFT Lagging On Corporate Actions Or Serving Its Global Membership?
-
Travelers checks remain a useful option, but the places you'll exchange the checks overseas offer rates 5% or more worse than what you'll receive using credit cards, so your best bet is to stick with plastic, says Lucy Lazarony of Bankrate.com, an Internet personal finance Web site.
FORBES: Prudent Traveler