Banking abroad is more than just using your card at an ATM or using Point of Sale. So, when you travel abroad and you want to perform any transaction, you must know how to avoid paying bank fees, eliminate foreign transaction charges, and get a good exchange rate. If you do not, you will discover that your bank will have a field day deducting fees for banking transactions. In line with this, Jumia Travel, the leading online travel agency shares ways you can reduce bank charges when you travel abroad.
Eliminate ATM fees
ATM fees can really add up because while travelling, you will probably withdraw money from an ATM. Of course, you already know that ATM fees vary around the world. With this at the back of your mind, you should get a bank in the Global ATM Network. This is a network of large banks that have removed fees and allow for free ATM withdrawals.