by Kevin H.
Question by Tom: Can a traveler use his banks debit care when traveling abroad?
Say a person is on a fixed income with automatic deposits made monthly to his account, and he would like to travel but doesn’t want to get a credit card.
Answer by conley39
Yes, in many places you can. Here in Italy, Bancomats (ATMs) are widely available that are on international circuits. You need to let your bank know that you will be taveling and using your card in foreign locations – otherwise there is a possibility that the security software would see this as a potential stolen card and lock it until you call in to assure them that you still have the card in your possession. You should also be aware that if you have daily / monthly limits on withdrawals, they will also apply when you use the card here. I frequently use my US ATM (debit) card when I’m traveling here in Europe because my bank reimburses my account for fees imposed by other banks when I use their ATMs. This can be an excellent way of making a currency exchange.
It’s still useful to have a credit card as a backup in an emergency even if you never end up using it.
What do you think? Answer below!