Travel Money Can be Obtained via On-line Money Service Providers Travel money stands for money that you require to have with you while you are traveling across the border. Now, when it comes to traveling across the border, there is obviously some excitement and nervousness if it is for the first time. There are various options to buy travel money or holiday currency exchange. Before deciding any option including online travel exchange providers, there are some points to be taken into consideration: First option is to buy travel money online and get holiday currency exchange through online money service providers. This option is very convenient though full of risks. In order to use this way, you first need to learn how to use currency translator or currency converters. It is with the help of this gadget that you can exactly know the tourist exchange rates. But, the limitation that it has its a bit of a gap between the actual currency exchange and what is posted online. Second challenge is the constant fluctuation in exchange rates. It is because of this fluctuation, whenever a traveler wants to exchange money, there is going to be a little difference in what is posted on line and what the money provider is going to give you. This difference between the actual rate and the posted one is called the spread which is the place where the bank and brokers make money. When you land on the alien shores, you will come across airport or tourist exchange booths. They are indeed great temptations to buy holiday currency exchange as they are quickly accessible and convenient. But, it is advisable to resist the temptation because the rates they are providing are much lower than what can be obtained either from banks or any other money service providers. Airport or tourist exchange booths are for emergency situations i.e. when you are running short of travel money. Having inquired the rate online, the next step is to compare the rates with bank rates. The best way is to telephone or ask over the counter of the bank what are the travel exchange rates being offered by the bank. But, comfort and credibility are two major factors that are of paramount importance in getting best holiday currency exchange rates. While dealing with travel exchange rates, the banks charge around 1% of the amount the client is buying. Sometimes, the banks do not charge the fee and waive it. However, that is entirely up to the bank policy. It is recommended not to use the credit card. As it is very handy and comfy, credit card is always a temptation to use. But, wait a minute! Do not get carried away by this temptation. Credit card may make you in trouble financially. The reasons is the transaction fees are very high and when you try to get the best travel exchange rates, you will have to pay higher transaction rates for no apparent reason. Hence, in comparison to credit card, it is always desirable to use debit card because it charges relatively lower than the credit cards. But, there is one catch even in using debit cards. You need to use it only when you have enough money in your account. Hence, travel money is a necessity when you are all set to travel across the borders and it is equally important to take into consideration various factors before deciding the way through which you want to obtain travel money.