00:00Coin it. Life well spent. Presented by GEICO.
00:05Going abroad? Don't get caught without local currency. Here are three of the best places to exchange cash abroad.
00:11Waiting to exchange your dough at your destination country may sound scary, but it could be the best option.
00:16ATM machines in the heart of your vacation spot may have better exchange rates, giving you a better deal.
00:21One recent study found ATMs at major banks have fees around just 3%, while independent ATMs,
00:27like the kind found in airports or hotel lobbies, can charge as much as an 11% exchange rate.
00:32Be sure to call your debit or credit card company to alert them of upcoming travels.
00:36Don't get stuck with a declined card. Skipping cash and just using your debit and credit cards can also save you some dollars.
00:42Make sure to bring both. They usually offer competitive exchange rates, plus there's the added protection of your money being safe if your cards lost or stolen.
00:50However, make sure to look out for a foreign loading fee, a withdrawal charge, or a penalty spending fee,
00:55which is a charge for using your debit card overseas and other hidden costs.
00:59Lastly, going to a currency exchange business may offer you the best rate in the area.
01:04Sometimes they can have a better exchange rate than local banks.
01:07If you're going to a popular tourist destination, many currency exchange companies will compete against each other to offer the best deal.
01:14Do not exchange at the first business you see. Take the time to compare rates because you may just be able to snag an awesome deal.
01:21Coin it. Life. Well spent. Presented by GEICO.
01:26Life. Oh.
01:27I'm going to have a better deal like that.
01:32Go.
01:32Go.
01:33글.
01:34You can use it by the other side, but it's going to be a little more.
01:35That's one of the different countries.
01:36It's going to be a little more.
01:37Give it a little step of your law.
01:38Go.
01:39Go.
01:40Go.
01:41Go.
01:42Go.
01:44Go.
01:46Go.
01:47Go.
01:48Go.
01:50Go.
01:52Go.
01:53Go.
01:54Go.
01:54Go.
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