With the great number of people traveling overseas for holiday, business and study, the need for international business services has increased dramatically. For convenience, banks offer Foreign Exchange (FX) services in a wide range of currencies? Because carrying around large amounts of cash while traveling can be dangerous, banks generally recommend that travelers purchase traveler's checks in the currency of the country that they are visiting. If a person is traveling to a foreign country for a long time and plans to set up a bank account in that country, for example a student, then an international draft or wire transfer may be the best and most convenient option? Whatever the option, the customer will pay a bank fee. In the case of any Foreign Exchange purchase or sale, the fee is actually "buried" in the exchange rate. The large difference in the buy and sell rates, particularly with cash, is because of the exposure of the bank to currency risk, as well as extra time devoted to handling and checking cash, and the risk of receiving counterfeit notes.