Different people handle their money differently abroad. If you're an avid traveler, you surely have your own system. Holding large amounts of money puts you at risk for theft or loss of your entire trips funds. Travelers checks, and checks in general are outdated, a bit of a hassle to use, and will cost you money to change to cash. Withdrawing cash in the maximum daily limit increments is the best way to handle cash abroad for me, but standard ATM fees add up quick. However, by switching banks to use a Charles Schwab High Yield Investor Checking account, and using a Capital One no international fees credit card, you can save these ATM fees and additional international charges. This article refers to banks in the United States.