My husband and I are planning a trip to Germany next month to explore our family roots and have some fun exploring Europe. The other day my husband came up with an idea, why don't we just open a bank account when we get to Germany and transfer our vacation funds to it. We figure it would be easier to track expenses in Euros than try to figure out exchange rates between Canadian dollars and Euros for every purchase.
We plan to be out there for about 6 weeks and figure just open an account and at the end of the trip, cancel it. I figure it seems kind of unethical to use a bank like that, but my husband figures we will be spending the funds in Europe so we will be giving back to the European community. Besides, we figure it might be cheaper than incurring international service charges ever-time we use an ATM.
Has anybody ever thought of doing this? or has done it? Were kind of clueless when it comes to international banking, were not even sure if foreign tourists can open bank accounts in Germany.
Dwayne and Jen