I'm headed to Denmark, Italy, Prague for 6.5 weeks.
What is the best way to pay for things/ convert money.
With ING currently but no wage going in due to a gap year
So can't meet conditions for their free inter atms
Your suggestions please :-)
Going overseas. What is the best way to convert currency?
[Deactivated] on 28/05/2019 - 10:23
Comments
I always use my citibank plus card when overseas. My main account is with CBA. I Just transfer money over to my Citi card as I need. Then when I'm all done, just transfer the money back onto my CBA card. No fees for transfering too.
If you need to convert locally, look up the exchange rate before seeing the local one. I saw a video of some places are saying zero commission but you get 42% less (effectively 42% commission).
youtube the currency exchange scams in each of those countries, especially prague
You only need to transfer in $1k and then take it straight back out again (and do 5x $0.01 paywave transactions) to qualify for fee free ATM access with an unbeatable exchange rate during the next month. Open an account at another bank (there are many fee free options available).
you could have $100 and still meet the conditions. open secound account with nab, commbank or one that supports payid and transfer the money between banks to make up the shortfall.
The Citibank Plus Debit Mastercard has no minimum deposit or paywave requirements and is fee free with the standard Mastercard exchange rate. Use it in ATMs for local currency cash.
Get a 28 Degree Mastercard for credit card purchases, with no fees. Just don't be a gullible goose and fall for the "Would you like to pay in AUD?" scam - nothing to do with the card, but everything to do with scurrilous merchants.
get a Cards with No Overseas Transaction Fees