Preparation before studying abroad
- Inform your bank(s) about your travel plans, since the bank might cancel international transactions without notification. Many banks now allow you to do this online!
- Request information about possible fees, daily limits, and other pitfalls from your card issuers.
- You do not need to obtain local currency before you leave for your program. You can easily withdraw what you need from an ATM.
- You will find that in the UK and Ireland, many shops have either gone completely cashless or prefer cards (especially tap cards).
- Plan to use a combination of cash, debit cards (for ATM withdrawal) and credit cards.
While studying abroad
- Since charges might occur for each withdrawal, students should budget their expenses for the week, obtain the needed amount, and avoid withdrawing frequently.
- Do not exchange US cash or withdraw cash at the airport. You will get better rates at a bank.
- Avoid carrying large amount of money.
Australia
- Currency: Australian dollar (AUD)
- Banking hours: generally 9:30-4/5 on Monday-Friday, some open on Saturday
- ATM: available everywhere, open 24/7
- Tipping: is not expected
Belize
- Currency: Belize Dollar (BZD)
- Banking hours: generally 8-3 Monday-Friday, some remain open until 4. Some branches open on Saturday and closed on Sunday.
- Exchange rate: 1 U.S dollar = 2 Belize dollar
- ATM: available at banks, open 24/7
- It is preferred that you bring crisp US currency to exchange at the local banks.
- Tipping: is not expected
Ireland (Republic of Ireland)
- Currency: Euro (EUR)
- Banking hours: generally open from 9.00am to 4.00pm Mon-Fri, though some remain open until 5.00pm. All are closed at weekends.
- ATM: available everywhere, open 24/7
- Tipping: Restaurant with table service: 10-12.5% of the bill based on the quality of service. Some restaurant may already added “Service Charge” on the bill, which is considered as tip.
United Kingdom (Includes Northern Ireland)
- Currency: Pound (GBP)
- Banking hours: generally Monday-Friday 9:00-9:30 until 15:30 or 16:00, some remain open until 17:30; some branches open on Saturday 09.30 - 12.00
- ATM: available everywhere, open 24/7
- Tipping: is not expected