Specific information on accessing money off-campus will be covered in your pre-departure orientation and materials. In general, there are five ways to access money away from home. We recommend having at least three ways at your disposal.

Cash

American dollars can be exchanged at local banks nearly everywhere in the world, although a commission is usually charged. You may wish to carry some cash with you, both dollars and the currency of your host country obtained before you leave, but be aware that if cash is stolen it cannot be replaced.

Traveler’s Checks

Traveler’s checks must be purchased at a bank in the US and can be exchanged at banks in most cities for a small fee. Traveler’s checks are almost like cash, but they are easily replaced if lost or stolen, so are a safer option.

Debit Card

One of the easiest and least expensive means of obtaining money is at ATM machines, widely available in most countries. If you have a debit card this money can come directly out of your bank account and you won’t have to pay interest, as you would with a credit card. Be sure that your debit card is on the Cirrus or Plus network and that you have a four-digit personal identification number (PIN). Contact your bank for information on obtaining a card and to find out if your card can be used internationally. Also, notify your bank of your dates of travel to help prevent possible fraud.

Credit Card

Credit cards are great resources for emergency situations and making large purchases. In Europe most businesses accept Visa or Master Card, and in most other countries, large businesses accept credit cards. Be sure to arrange monthly payments at home to avoid finance charges.

Money Wires

In a pinch, you can have money wired to you from home via American Express or Western Union. Money wires are generally efficient but charge a substantial fee.