You’re abroad and need cash. But before you ever hit the ATM, there has to be money in your bank account to withdraw. Fortunately, it’s 2021, and gone are the days of traveler’s checks and expensive wire transfers. You can now easily transfer money from one bank account to another or have others back home transfer money to you. The reverse is true as well, of course, in case the need to send money back home arises while you’re on the other side of the world.
Because you can transfer money instantly into foreign currencies, there’s no need to withdraw US dollars from your account at an ATM and convert them or pay inflated currency exchange rates at airports or foreign banks. By taking that step out of the international banking process, these four digital services will help you stay on top of your finances while abroad, from daily expenses like food and lodging to bigger stuff like collecting paychecks and paying bills.