Singapore Hotels & Malaysia Hotels
About Singapore Malaysia

THE CURENCY 4

Traveler's checks are something of an anachronism from the days before the ATM made cash accessible at any time. Traveler's checks used to be the only sound alternative to traveling with dangerously large amounts of cash. They were as reliable as currency, but, unlike cash, could be replaced if lost or stolen.
These days, traveler's checks seem less necessary because most cities have 24-hour A7fMs that allow you to withdraw small amounts of cash as needed. However, keep in mind that you will likely be charged an ATM withdrawal fee if the bank is not your own, so if you're withdrawing money every day, you might be better off with traveler's checks-provided that you don't mind showing identification every time you want to cash one.
You can get traveler's checks at almost any bank. American Express offers denominations of $20, $50, $100, $500, and (for cardholders only) $1,000.You'll pay a service charge ranging from 1 % to 4%. You can also get American Express traveler's checks over the phone by calling CC~ 800/221-7282; Amex gold and platinum cardholders who use this number are exempt from the 1% fee. AAA members can obtain checks without a fee at most AAA offices.Visa offers traveler's checks at Citibank locations nationwide, as well as at several other banks.

The service charge ranges between 1.5% and 2%;Credit cards are invaluable when traveling. They are a safe way to carry money and provide a convenient record of all your expenses. You can also withdraw cash advances from your credit cards at any bank (though you'll start paying hefty interest on the advance the moment you receive the cash.) At most banks, you don't even need to go to a teller; you can get a cash advance at the ATM if you know your PIN. If you've forgotten yours, or didn't even know you had one, call the number on the back of your credit card and ask the bank to send it to you. It usually takes 5 to 7 business days, though some banks will provide the number over the phone if you tell them your mother's maiden name or pass some other security clearance. Keep in mind, though, that your credit card company will likely charge a commission (I % or 2%) on every foreign purchase you make.
American Express (AE) is accepted widely, as are Diners Club (DC), MasterCard (MC), Japan Credit Bank (JCB), and Visa (V), though you'll find that some budget hotels, smaller shops, and restaurants will accept no credit cards at all. Purchases made with credit cards will appear on your bill at the exchange rate on the day your charge is posted, not what the rate was on the day the purchase was

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