Day 26 of Bootsnall’s “Plan your RTW trip in 30 days” is all things money. Do your research on what ATM cards, debit cards, and credit cards offer ATM fee reimbursements and don’t impose international fees. For US residents, Charles Schwab is a really good choice. They reimburse all your ATM fees at the end of each month, though you’ll still have to pay a percentage for withdrawing money internationally. I have a Chase credit card, which I picked specifically because it doesn’t have international fees. Another perk of my Chase card is that it is a travel rewards card. If I’m going to be spending the money anyway, I might as well get points I can trade in for a free flight now and then.
Also, when possible, I withdraw the maximum amount. The only time I don’t do this is if I don’t think I will be staying in a country long enough to spend what I would be withdrawing in local currency.
Another tip from the article is to keep the bulk of your money in a high interest account that is separate from your ATM card or credit card in case you get mugged or pick-pocketed.
I never leave on an international adventure without my trusty money belt. Haha I know it sounds silly, but really, it’s such an easy way to keep your passport and money safe, especially while you’re in transit. I’ve even been known to wear it under my pajamas at some especially sketchy hostels.
Also, and this should really go without saying, lock your luggage up whenever possible, especially if you decide to store your wallet and other important documents in your luggage.