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Traveler's checks or ATMs for your next vacation?

Automated Teller Machines (ATMs) seem to be on every street corner in the world, so it may be difficult to decide if you should also use traveler’s checks. Traveler's checks have been around for quite some time, and they continue to hold their value. Using traveler’s checks eliminates ATM fees, which have been steadily rising. Traveler's checks are also safer to carry than cash. If the checks are stolen or lost, they can usually be replaced within 24 hours. Although ATM availability in third world countries, Central Europe, and former members of the Soviet bloc is still somewhat limited, ATMs can still be useful. ATM exchange rates in foreign countries are reasonable, and with ATM use you also eliminate any bank exchange service fees. So when choosing between these options, you may want to consider your travel destination.






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