It’s safer on a trip to draw cash from an ATM than carrying a bundle, but you’ll pay transaction and currency conversion fees. Unlike credit cards, they don’t include insurance options and purchase protection for faulty merchandise or shipping errors. Travellers Cheques:Less popular than they used to be and similar to prepaid travel cards, they come in various denominations and currencies, although U.S. dollars are most popular. Transaction fees, currency conversion costs and other charges are based on the affiliated card. A good place to check exchange rates for the countries you plan to visit is the Bank of Canada’s online currency converter.

Source: thestar June 21, 2017 20:03 UTC