When traveling to USA, New York, how to pay (Euro bank account) [duplicate]

When traveling to USA, New York, how to pay (Euro bank account) [duplicate] - Pile of American paper money on black surface

When traveling from Europe to New York, which is the most cost-effective way to pay for anything?

My purchases will mostly be places to eat, museums, stadiums etc.

So

  1. should I exchange money when I get in the US
  2. should I pay everything with my debit card (Master Card)
  3. should I withdraw money in the US from ATMs

Edit: This question is specific for New York city, while This question is about anywhere in the world

e.g. In New York city it might be possible to pay everywhere with debit card and avoid bank fees (in my case), whereas in Kathmandu, Nepal there isnt an option for debit card payments in restaurants etc

europenew-york-cityexchangegreek-citizens


Best Answer

I'd do the same as you would at home (the USA is not that different than the UK).

Get some US money before departing for things like taxi so you do not have to search for an ATM when landing; or need to use the airport exchange agencies.

Pay cash for things you are used to pay cash, pay with debit card when you usually pay with it and use credit card like you normally do.

You are travelling and already spending a large amount of money, so extra fees are not that big compared to the rest of your expenses.

Also, make certain you notify your bank (and credit card cie.) that you will be traveling to the US so that your card does not get accidentally blocked. (you can usually do that from the bank or CC websites).



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How do I transfer money from a foreign bank account to a US account?

Follow these steps on how to do a wire transfer online:
  • Find the wire transfer section on your bank's website. ...
  • Double-check your online transfer limit. ...
  • Enter the recipient's bank details. ...
  • Enter the amount and choose the currency you want for the recipient bank. ...
  • Pay the transfer processing fee.


    • What details do I need for an international bank transfer to USA?

    When sending an international bank wire, you will need to provide the recipient's name, address, banks SWIFT BIC, and bank account number, plus the International Payments System Routing Code, for certain countries (you will be prompted for this).

    How do I transfer money from Europe to US bank?

    Log into your online banking profile.
  • As an alternative, you can make the transfer in person at a bank branch.
  • You can also try depositing the funds using a check written on the account your Euros are in, but many U.S. banks will refuse to process foreign checks. If they do process it, they usually charge hefty fees.


    • How do I make a payment to another country?

    You need to give the person sending money:
  • Your Bank Identifier Code (BIC). These are sometimes called 'SWIFT codes'. ...
  • The intermediary BIC. ...
  • Your International Bank Account Number (IBAN), which you can find in the Internet Bank or on your bank statements.
  • Your full name and address.



    • How to Transfer International Money to your Bank Account



    More answers regarding when traveling to USA, New York, how to pay (Euro bank account) [duplicate]

    Answer 2

    The first thing is to check with your bank about the fees.

    If everything is free

    If you can make withdrawals in the US without large fees and the currency conversion rate is good then you can use your debit card everywhere and withdraw money whenever you need any. This is my prefered way.

    If there's a withdrawal fee

    Like my bank has for non-euro currencies. Use your card as much as possible and withdraw larger amounts in an ATM in the US, when you need it.

    If the conversion rate is bad.

    Then I suggest getting cash at a well-known exchange office in your home country. Your bank might help you with this either in office or using special ATMs with different currencies.

    Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

    Images: Karolina Grabowska, Karolina Grabowska, Karolina Grabowska, Karolina Grabowska



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