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Old 05-04-2013, 15:46   #31
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Re: Banking questions for Canadians/Americans in the Med

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If a country does not accept AMEX traveler's cheques...it is off my list as a place to visit. I have never had any issues with AMEX checks in 40+ countries that I visited; they all accepted the cheques, including Egypt. If lost or stolen, who else can get you a full refund, besides AMEX? <Not affiliated with AMEX.> Mauritz
Mauritz,

I agree with you. AMEX is great where it is used by locals and a standard of economy. I carry it myself, but in some parts of world they do not favor such. It is certainly not a good enough reason for me to stop travelling to these parts of the world that offer so much to see and explore, as there are other options just as easy and more universal. I never had a shop or bank in a country not accept their own country's currency.
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Old 05-04-2013, 15:53   #32
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Re: Banking questions for Canadians/Americans in the Med

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I never had a shop or bank in a country not accept their own country's currency.
There are lots of great places to visit that don't take traveler's checks or credit cards, and some don't have atm machines--including some of my favorite spots here in the USA!
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Old 05-04-2013, 16:01   #33
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Re: Banking questions for Canadians/Americans in the Med

For about six years I lived in the Med and had a job where me and my colleagues would travel all over the globe for a month at a time.

As long as you have friends/relatives that would borrow you $1000 for a ticket home, a couple of VISA cards (preferably from different banks) and a few hundred USD or euro in cash is all you really need. VISA is somewhat more widely accepted than MasterCard, while AMEX has very poor coverage outside of North America.

If something really bad happens (e.g., your bank goes belly up), people on the waterfront won't let a world traveller starve anywhere in the world. Certainly not anywhere in the Med.
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Old 05-04-2013, 16:03   #34
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Re: Banking questions for Canadians/Americans in the Med

That is why I said cash always seems to be accepted everywhere.
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Old 05-04-2013, 16:58   #35
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Originally Posted by Teknav View Post
If a country does not accept AMEX traveler's cheques...it is off my list as a place to visit. I have never had any issues with AMEX checks in 40+ countries that I visited; they all accepted the cheques, including Egypt. If lost or stolen, who else can get you a full refund, besides AMEX? <Not affiliated with AMEX.> Mauritz
What a silly statement to make quite frankly. Travellers cheques for example are a thing of the past in the zero zone. You are forced to go to a bank and then you have a currency conversion charge which may not be optimum.

Dave
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Old 05-04-2013, 17:10   #36
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Re: Banking questions for Canadians/Americans in the Med

AMEX traveler's checks are obtained fee free at AAA motor clubs. A 1-2% commission is charged at some banks. My bank does NOT even charge me any commissions for AMEX; Senior Citizen's perk. When cashing AMEX overseas, I was never charged transaction fees, for local currency exchange. If you use your credit/debit/USD denominations...in most instances you'll be incurring a fee and there's no replacement security. Mauritz
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Old 05-04-2013, 17:29   #37
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I quite like my Freudian slip


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Old 05-04-2013, 17:32   #38
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Re: Banking questions for Canadians/Americans in the Med

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in the zero zone.
Is that a reference to the exchange rate?
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Old 05-04-2013, 17:37   #39
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Is that a reference to the exchange rate?
Depends on which bank has been raided today !!!!

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Old 05-04-2013, 19:18   #40
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Re: Banking questions for Canadians/Americans in the Med

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We ended up opening a Premiem account at HSBC in Canada
Just make sure you try to get the new internet ‘security device’ before you leave Canada.
As new restrictions only allow you to pick up in same country.

Without this credit card sized electronic device… you are quite limited to what you can do on the Internet

Have a great trip!
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