Checking Accounts to Avoid Foreign ATM Fees
If you have visited other countries, you understand how painful foreign ATMs are when withdrawing cash. It doesn’t seem like a big deal, but it can add up if you don’t get enough money the first or second time. Solution: open a current account where you can waive the commission.
Typically, when you withdraw cash from a foreign ATM, you pay a flat $ 3-5 fee to use that terminal, in addition to a possible foreign transaction fee of 1-3% of the total withdrawn charged by your bank. The article below suggests 11 checking accounts such as Capital One and Citibank that do not accept, refund, or offer reduced transaction fees; but usually if you have a premium account.
However, there is one account that I really like and I opened it: the Charles Schwab High Yield Investor checking account. I travel a lot , so I labeled it as my “road” debit card . This allows me to easily transfer funds to and from my main account, and I get refunded any ATM fees on a monthly basis. Check out the article to see if your bank can be listed, but if not, ask your current bank about their policies, or consider Charles Schwab.
11 Essential Checking Accounts To Avoid Foreign ATM Fees | The points guy