Money

Both the U.S. Virgin Islands and the British Virgin Islands use the U.S. dollar as the form of currency.

British and Canadian travelers will have to convert their currency into U.S. dollars. Banks on the islands are your only option if you need to exchange currency. These rates can be expensive, and additional charges are often tacked on; it is recommended to change money before arriving. Conversions between the U.S. dollar and other currencies fluctuate, and the differences could affect the relative costs of your trip. Be sure to check the latest conversion rates before you leave home.

The U.S. dollar and the euro. One U.S. dollar was worth approximately .76€ at the time of this writing. Inversely stated, that means that 1€ was worth approximately US$1.30.

The British pound, the U.S. dollar, and the euro. At press time, £1 equaled approximately US$1.90 and approximately 1.50€.

ATMS

Nationwide, the easiest and best way to get cash away from home is from an ATM (automated teller machine), sometimes referred to as a "cash machine," or "cashpoint." The Cirrus (tel. 800/424-7787; www.mastercard.com) and PLUS (tel. 800/843-7587; www.visa.com) networks span the country; you can find them even in remote regions. Go to your bank card's website to find ATM locations at your destination. Be sure you know your daily withdrawal limit before you depart.

Note: Many banks impose a fee every time you use a card at another bank's ATM, and that fee is often higher for international transactions (up to $5 or more) than for domestic ones (where they're rarely more than $2). In addition, the bank from which you withdraw cash may charge its own fee. To compare banks' ATM fees within the U.S., use www.bankrate.com. Visitors from outside the U.S. should also find out whether their bank assesses a 1% to 3% fee on charges incurred abroad.

ATMs are most prevalent in Charlotte Amalie on St. Thomas, and in Christiansted on St. Croix. They are also available in Cruz Bay on St. John and in the British Virgin Islands on Tortola and Virgin Gorda. The other islands do not have ATMs, so if you're planning a visit, be sure to visit an ATM first.

Credit Cards & Debit Cards

Credit cards are the most widely used form of payment in the United States: Visa (Barclaycard in Britain), MasterCard (EuroCard in Europe, Access in Britain, Chargex in Canada), American Express, Diners Club, and Discover. They also provide a convenient record of all your expenses, and offer relatively good exchange rates. You can withdraw cash advances from your credit cards at banks or ATMs, but high fees make credit card cash advances a pricey way to get cash.

It's highly recommended that you travel with at least one major credit card. You must have a credit card to rent a car, and hotels and airlines usually require a credit card imprint as a deposit against expenses.

ATM cards with major credit card backing, known as "debit cards," are now a commonly acceptable form of payment in most stores and restaurants. Debit cards draw money directly from your checking account. Some stores enable you to receive cash back on your debit card purchases as well. The same is true at most U.S. post offices.

However, many establishments in the Virgins, from hotels to restaurants, only accept cash. Often, villas and condos or small inns will only accept cash or personal checks in advance. You will also want to arm yourself with cash while browsing the small boutiques and curio shops throughout the islands, as many do not take credit cards.

Traveler's Checks

Though credit cards and debit cards are more often used, traveler's checks are still widely accepted in the U.S. Foreign visitors should make sure that traveler's checks are denominated in U.S. dollars; foreign-currency checks are often difficult to exchange.

You can buy traveler's checks at most banks. Most are offered in denominations of $20, $50, $100, $500, and sometimes $1,000. Generally, you'll pay a service charge ranging from 1% to 4%.

The most popular traveler's checks are offered by American Express (tel. 800/807-6233; tel. 800/221-7282 for cardholders -- this number accepts collect calls, offers service in several foreign languages, and exempts Amex gold and platinum cardholders from the 1% fee.); Visa (tel. 800/732-1322) -- AAA members can obtain Visa checks for a $9.95 fee (for checks up to $1,500) at most AAA offices or by calling tel. 866/339-3378; and MasterCard (tel. 800/223-9920).

Be sure to keep a copy of the traveler's checks' serial numbers separate from your checks in the event that they are stolen or lost. You'll get a refund faster if you know the numbers.

Another option is the new prepaid traveler's check cards, reloadable cards that work much like debit cards but aren't linked to your checking account. The American Express Travelers Cheque Card, for example, requires a minimum deposit ($300), sets a maximum balance ($2,750), and has a one-time issuance fee of $14.95. You can withdraw money from an ATM ($2.50 per transaction, not including bank fees), and the funds can be purchased in dollars, euros, or pounds. If you lose the card, your available funds will be refunded within 24 hours.