If you’ve ever travelled overseas or bought something online, chances are you’ve bought something in a foreign currency. But most credit cards charge high fees for international transactions. Obtaining cash in a foreign currency can also be expensive, with banks charging large commissions and high margins. But did you know that you can save hundreds … Continued
Travellers to India this month were stung by the sudden demonetisation of certain banknotes. Indian Prime Minister Narendra Modi gave very little notice of the change, resulting in a cash rush at bank branches and ATMs within the country. The 500 and 1000 rupee notes were a common target of forgers. Replacing them will be … Continued
When travelling overseas, you’ll need to obtain foreign currency. This week our members reveal the best ways to get a great rate and save money in the process! If you prefer to change cash in Australia, it’s best to avoid the major banks. Instead, smaller outlets that specialise in foreign exchange can often give you … Continued
Ahead of a trip to Tokyo, one member seeks some practical advice on the best place to exchange money and acquire Japanese Yen. Japan is a little bit different to many other countries in the sense that many businesses there will not accept overseas credit cards. Further, many ATMs do not allow holders of non-Japanese … Continued
This week a member recounts how they fell victim to a cunning scam while exchanging money in a popular overseas tourist destination. They estimate that 40% of their cash was lost in the bizarre experience. Deciding to take advantage of a good exchange rate, this member visited a small currency exchange office located “down a … Continued