Dealing with exchange-rates / banking abroad

[JuicyOne]

I hope this is in the right section of the forum, I felt this was more of a general question than offshore banking. I'm traveling through South America right now, my clients pay in US dollars and get hit quite hard when exchanging dollars to local currency. Should I be looking to change my banks or redirect my funds in such a way I can minimize these charges? Is there any banks you'd recommend that I could go with? I'd need to be able to open the account online or via telephone.

 

[JohnLocke]

Moved to the proper forum... you may figure out what currency they want to pay you and ask you bank to open another account in that currency. Most banks have multi- currency accounts.

 

[alain]

Best is to go for a multi currency account which will accept all incoming currencies without to be exchanged first. Piraeus bank has such!

 

[firestorm]

Most banks offer multi currency accounts and insert the money to the proper currency you received it without to exchange it first.