Traveling abroad: How to carry foreign exchange?

Compared with domestic tourism, overseas travel requires long preparation and complicated processes, which inevitably involves the issue of currency exchange. In addition to cash, you can also bring foreign exchange using international credit cards, bank drafts, and travellers' checks. Advantages of cash: simple and direct, no handling fees. Disadvantages: unsafe, inconvenient, loss in exchange. Most people choose to carry cash when traveling abroad. This of course has its advantages, but its disadvantages are also obvious: it is neither convenient nor safe to carry large amounts of cash with you; when exchanging foreign currency back to RMB, the price of cash is higher than Low spot exchange rates will cause losses; in addition, there is a possibility of encountering counterfeit currency when using cash, and the risk of loss must be borne by yourself. Advantages of bank draft: reliable and low handling fee. Disadvantages: relatively cumbersome and not widely used. Bank draft has its own characteristics: it is generally issued by a foreign exchange bank that handles international business. It has reliable credit and low fees. Generally, banks only charge a few thousandths of a handling fee. However, its disadvantage is that it must be handled through banks, and the procedures are relatively cumbersome. When abroad, it is not easily accepted directly in hotels and catering industries, which is not convenient enough for tourists. Advantages of travellers' checks: you can enjoy a variety of services. Disadvantages: It is more complicated than cash and requires a certain handling fee. International credit card cash deposit and withdrawal functions - cardholders can deposit and withdraw cash at ICBC foreign currency savings outlets across the country, and can also withdraw cash at overseas ATMs with VISA or MASTER logos; transfer functions - according to the card issuing bank According to the regulations, card holders can deposit funds through transfer from other domestic banks or overseas ICBC agent banks; one card, dual currency--the cardholder's domestic consumption is billed in RMB, and the foreign consumption is billed in US dollars; overdraft consumption-- Within the credit limit, cardholders can use their credit cards to make overdraft purchases at domestic ICBC merchants or 15 million overseas VISA and MASTER merchants; interest-free repayment - cardholders can enjoy 25 to 60 days of interest-free repayment. Interest-free repayment period; online shopping - cardholders can purchase online on INTER after applying to the card-issuing bank; global services - a 24-hour service hotline is set up at the domestic ICBC to provide comprehensive consulting services, and There are VISA and MASTER emergency service centers in many countries around the world, and cardholders can enjoy emergency services such as re-issuance of credit cards and emergency cash withdrawals.