Page 13 - EdUHK-Outbound Exchange Student Handbook 2016-17

Managing your money Cash
Avoid keeping large amount of cash in your wallet or student residence. International currency, such as US dollars, may make exchanging money easier. Take enough local currency for transport, phone calls, and food on arrival.
Travellers cheques
These pre-printed, fixed-amount cheques can be cashed worldwide and are available in several currencies. It is a safe way of carrying money as the cheques can be replaced if lost or stolen. However, there is often a charge for cashing them.
ATM
Cards belonging to the “Plus” or “Cirrus” networks are often accepted internationally. Find out about how to activate the function and transaction fees first. Don’t rely solely on cards to withdraw money in case there are problems using them. Always have another way of obtaining money.
Credit cards
Credit cards are convenient but there can be high conversion charges when making payments overseas. Before you leave, arrange with credit card companies on how to settle payments while you are away.
Bank account
Regular remittances are easier to receive if you open a bank account in your host country. You can ask the international office at your host institution about procedures as well as check online.
HANDBOOK for Outbound Exchange Students 2016-17
1. Smaller notes in the local currency are likely to be useful for purchases or transport while travelling and when you first arrive 2. Inform your bank and credit card company that you plan to be
overseas for a period of time. Otherwise they may suspend the transaction of your card(s) for security reasons
BEFORE YOU GO
Top Tips