1. save switching fees
Compare the exchange rates in advance. What fees are due at the bank and what is the usual exchange rate in the respective country?
ATMs abroad often have a flat fee (e.g. 5 USD) for a withdrawal for foreigners. Depending on the amount of your withdrawal, this may be cheaper than a percentage fee (e.g. 1.5%) at an ATM.
Example: For a 200 USD withdrawal, 5 USD would be equivalent to a 2.5% fee. With 500 USD it would be only 1.0% fees. So larger withdrawals pay off with flat fees.
In addition, there are often fees in the form of increased exchange ratesbut more on that in a moment.
If you are a customer of Neon Bank, you may also have the Neon Metal Visa Card. It not only helps you save on exchange fees on vacation, but even offers you a Insurance coverage!
Some advantages are free cash withdrawals worldwide, cell phone insurance and ticket protection. Interested? All details about the Neon bank account and the Neon card with all its benefits you will find in the Neon Bank Account Review.
Take an empty 1.5l PET bottle in your hand luggage. Fill it with water in the toilet at the Swiss airport after the security check.
Once you arrive at your destination, you do not have to buy expensive refreshments until you reach your destination.
🙂 Super tip! And even sustainable!