by Mary Beltran, Assistant Editor, ITN
Paying for purchases overseas has gotten complicated.
If you exchange your U.S. cash for currency overseas, you may lose some value depending on the exchange rate, and you may also pay a fee for the transaction.
If you take travelers’ checks, you may be able to use them at hotels and sometimes in shops, but small shops or restaurants often don’t accept them. That means you’ll need to cash the checks into the local currency, paying the transaction fee as mentioned above.
If you use your ATM (automatic teller machine) card...
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