It doesn’t matter where you are going or which currency you will need, the easiest and most economical way to withdraw money abroad is via an ATM.
Last time we covered which ATM cards are to be used with which major networks (like PLUS, Cirrus or Maestro), now we are taking a closer look at the technicalities regarding the very act of withdrawing money from the machine.
First thing you need to keep in mind is that the majority of ATMs abroad (particularly in Europe), do not accept cards with PINs over 4 digits.
If you happen to have such a credit card, make sure you contact your bank to see if you can have it changed.
This also goes if you have any letters in your pin code, as most of ATMs only have numbers on their keypads.
If you are planning to go overseas, be sure to call your bank prior to your departure and let them know you are planning a trip. The trick is that sudden changes in your account activity (think frequent withdrawals, foreign country withdrawals…) can trigger a fraud alert causing your bank to freeze your account.
While you have them on the phone, inquire about the procedure in case your card gets stolen or lost.