The Commonwealth Bank sell a Travel Card as a “low fee” way of managing your overseas purchases. They charge $15 for the card, $3-50 per cash withdrawal and the difference between the official exchange rate for Euros today of $1Aust=0.834446Euro and the rate offered by the CBA ($1Aust = 0.7890Euro) is 5.76%. Suppose I took a trip to Europe and took $2000 using the facility and made 4 cash withdrawals. The cost would be $144-20 or about 7.2%. It seems excessive and an implication of the oligopolistically high prices for services charged by the Australian banks. Choice Magazine suggest that GE 28 Degrees Mastercard is about the best alternative deal around. Dealers at the airport, as might be expected, offer the worst deals. Any views?