Money Matters Abroad

Planning for money needs and access to money while abroad can vary much depending on the individual, local costs, travel plans, and the local banking system. Your son or daughter should consult with the program representative and your U.S. bank prior to departure. In general, ATM machines are available throughout Europe, but it is important that the ATM card used by the student work outside the US, and thus you should verify this with your bank before departure. Additionally, U.S. banks usually charge transaction fees for overseas use of ATMs. Check directly with your bank to see if international ATM access is possible and precisely what fees are assessed per transaction. In Dijon and Salamanca, bank accounts can be opened for each student, and meal stipends and money for other expenses are provided in local currency or deposited into these accounts.

Parents often wonder how much spending money their son or daughter should take. There is no definitive answer, as it depends on your son or daughter's habits and plans. Does he or she plan to travel? Does he or she plan to buy clothing or develop film locally? Additionally, some cities are more expensive than others. Depending on the country, students often spend as much as $1800 or more per semester for personal travel, personal entertainment, toiletries and some clothing. But this amount can vary, depending on habits and travel plans.