Want to know how I saved €21.13 on a single €167.05 transaction? Read on and you will definitely save a lot of money during your next trip abroad!

When you are traveling to a foreign country with a foreign currency you will probable have been asked if you want to pay in your own currency or the local currency. They will present this as a service to you, because this way “you know what you are paying upfront”.

Here is an example when I was withdrawing money in Croatia:

Euronet ATM in Croatia

Fixed exchange, rate guaranteed and the transaction fee already included. Sounds great, right?

Well, not so fast… Because I know this offer most of the time is not as great as they make it sound, and because I used my bunq card who doesn’t charge me any exchange fees anyway, I did a rough estimation by heart and went for ‘the less promoted option’.

I could immediately see the result in the bunq app, I just saved myself a bit more than € 20!

Screenshot from an ATM withdrawal in the bunq app

As you can see, bunq is already saving me € 5.01 in exchange fees. But the real profit is even bigger! This cash withdrawal would have been €21.13 more expensive if I want for their seemingly interesting offer.

Sadly enough this practice is becoming more and more common when traveling abroad, so be aware!

How people get scammed while traveling every single day, and you probably have been as well