Changing Money: What is the best way to deal with money for the summer program in Barcelona?
There are three principle ways of getting the cash you need: traveler’s checks, Automated Teller Machine cards (ATM’s), and credit cards. First, estimate how much cash you will need for the program in Euros or US Dollars & then add $500 in case of an emergency. This is the amount of cash you will need at your disposal. Check out the Budget for some help. Barcelona Budget Traveler’s checks in U.S. dollars are always accepted, even when traveler’s checks in the local currency are not. While the standard charge for traveler’s checks is 1% of face value, it is often possible to obtain them free. AAA does this for its members, and many banks provide them free for significant account holders. When cashing traveler’s checks in Europe, you receive a better rate than when exchanging cash. ATM cards are a good way to receive cash. In addition to your card, you need a PIN number valid in Europe. Check with your bank to be sure that you have one. You are limited to the same withdrawal as at home,
