Money Tips for Travel Outside the United States

Local currency is available from ATMs around the world. Using an ATM is the most convenient and cost-efficient way to obtain cash when traveling. The units are readily available and use an exchange rate that is more favorable than a local currency exchange, hotel or bank in the country you are visiting.

As a precaution, take several payment options when you travel; cash, Travelers Cheques, credit and ATM cards should cover any situation.

1. Determine what currency is used in countries you plan to visit.
   At this time, the Euro is the currency used in 22 countries.
   
   
2. For convenience you may wish to purchase a small amount of Euros before you
   leave so you’ll have ready cash for immediate expenses such as taxis, snacks
   or tips.
   
   
3. GSB customers may purchase Euros during regular lobby hours at the main office,
   800 Waukegan Road in Glenview. Cost is based on the current day’s exchange rate.
   Euro amounts in excess of $500 must be pre-ordered.
   
   
4. Travelers Cheques are available for Euros, Canadian Dollars and Pounds Sterling.
   Fee is $10.00 plus 1% of sale.
   
   
5. Notify the bank issuing your ATM, Debit or Credit cards that you might be using
   the cards outside the U.S.  They will want to know where and when the card(s)
   might be used.  Otherwise, the automatic fraud safeguards might deny acceptance
   of your card.  (Also check with your cell phone provider for use abroad)
   
   
6. Before using an ATM, make sure it displays at least one of the following brand
   marks: MasterCard®, Maestro®, or Cirrus®.  Insert your card and select a
   language. Many ATMs offer a variety of languages, and English is always one
   option on MasterCard/Maestro/Cirrus ATMs.
   
   
7. Funds may be withdrawn only from your checking account with available funds on
   deposit.  Be aware of your daily withdrawal limits in U.S. equivalents.  Exceeding
   that amount will result in a denied transaction.
   
   
8. Enter your Personal Identification Number (PIN). Follow the instructions
   displayed on the ATM screen to choose your account and the amount you wish
   to withdraw.   The terminal will immediately process the transaction, and money
   will be dispensed in the local currency.
   
   
9. Be sure to take your receipt….it may not print out as quickly as the cash. The
   transaction amount will be automatically deducted from your checking account.   
   Some international ATMs are available only during normal business hours. Hours
   vary from country to country.
   
   
10. If you lose your GSB Debit /  ATM Card, call us (847) 729-1900 as soon as possible so
    we can cancel the card.  If an ATM “eats” your card, contact the bank or whomever owns
    the ATM.
    
    
11. Pay special attention to your surroundings and follow the usual safety precautions when
    using any ATM…at home and away.

 

Additional Information: