Are you travelling overseas this holiday? Part of travelling responsibly means keeping your finances safe.
Francois Viviers, executive of marketing and communications at Capitec Bank, lists four things you should ask your bank before you hop on a plane, bus or boat:
1. What are your currency conversion rates?
Most banks charge high currency-conversion fees to cover their costs and earn a profit. Others do not charge any currency conversion fees, and clients pay no card fees on international purchases. This means holidaymakers can save money by swiping for free – remember to select the currency of the country you’re in when swiping.
2. Can I securely use cellphone banking abroad?