What is cheaper having an american bank account or using card abroad?

I'm going to be studying a year abroad in America this year and I am just wondering what is the cheaper option. To get a American bank account and transfer money from my U.K account or to use my Card form the U.k in America?

This question was asked by Nicola Lodge from The University of Sussex , asked on 13th June 2015 and has been read 2006 times.

  • Global Graduates · 7 years ago

    Hi Nicola,

    The cheapest may option may actually be neither! Instead, you could use a currency card, such as this one by Caxton. It's simple to set up and saves you a lot of money on the exchange rate.

    Hope that's helpful!

    The TYA Team

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