Mentor Advice
Question
What are the best means of providing money for my child once he/she is abroad (i.e. travelers checks, ATM, credit card)?
3 Replies from Mentors
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OliviaParent of Study Abroad StudentLoyola Marymount UniversityThe best means of providing money to my daughter was for she and I to have a joint checking account at Bank of America. We researched and found an affiliate bank in Beijing, China, which did not charge an ATM fee for withdrawals. Whenever I wanted to send money to her, I would deposit money into our joint account, and she could withdraw the money from an ATM in Beijing.