Which bank does not charge international ATM?

Ditching ATM Fees Abroad: Your Guide to Fee-Free International Cash Access

Traveling internationally often comes with a laundry list of expenses, from flights and accommodation to meals and activities. One sneaky cost that can quickly add up is international ATM fees. Fortunately, several US banks are making it easier and more affordable to access your cash while abroad by eliminating these pesky charges.

For travelers seeking a hassle-free way to manage their money internationally, a growing number of financial institutions offer accounts with fee-free ATM access worldwide. These banks recognize the burden of accumulating transaction fees and are providing solutions that allow you to withdraw local currency without incurring extra costs.

So, which banks offer this perk? Several prominent names stand out, including Discover, Betterment, Charles Schwab, Capital One, Fidelity, and USAA. These institutions provide debit cards or checking accounts that allow you to withdraw cash from ATMs internationally without their charging any fees. This can translate to significant savings, especially for longer trips or frequent international travelers.

However, it’s important to note that while these banks don’t charge their own fees, the local ATM operator might still charge a fee. This is something you’ll see on the ATM screen before confirming the withdrawal, allowing you to decide whether to proceed. While you can’t avoid these local fees entirely with any bank, choosing one of the institutions mentioned above eliminates at least one layer of charges.

Beyond ATM fee waivers, some of these banks offer additional travel-friendly features. For example, certain accounts might offer no foreign transaction fees, meaning you won’t be charged extra when making purchases with your card in a foreign currency. It’s crucial to research the specific details of each bank’s offerings to find the best fit for your individual travel needs and financial habits.

Before jetting off on your next international adventure, consider exploring the accounts offered by Discover, Betterment, Charles Schwab, Capital One, Fidelity, and USAA. By choosing a bank that waives international ATM fees, you can keep more of your hard-earned money where it belongs – in your pocket, ready to be spent on experiencing the world. Remember to always check the fine print and be aware of potential fees from local ATM operators.