Which bank has no international withdrawal fee?
International Banking: The Best Banks for Avoiding Withdrawal Fees
When traveling abroad, its important to have a bank that wont charge you exorbitant fees for withdrawing cash. Here are a few of the best banks for international withdrawals:
1. Schwab Bank
Schwab Bank is the best bank for international withdrawals, with no fees for using ATMs abroad. Youll also get a competitive exchange rate, so you can save even more money.
2. Capital One 360
Capital One 360 is another great option for international withdrawals. They charge a flat fee of $2.50 per withdrawal, which is still much cheaper than most other banks.
3. Ally Bank
Ally Bank offers a high-yield online savings account with no monthly maintenance fees. They also charge a flat fee of $3 per international withdrawal, which is still lower than most other banks.
4. HSBC
HSBC is a global bank with a large network of ATMs around the world. They charge a fee of 3% of the withdrawal amount, but this fee is capped at $5.
5. Bank of America
Bank of America is a large national bank with a presence in many countries around the world. They charge a fee of $5 per international withdrawal, but this fee is waived if you have a Platinum Honors or Diamond Honors account.
Tips for Avoiding International Withdrawal Fees
Here are a few tips for avoiding international withdrawal fees:
- Use a bank that offers free or low-cost international withdrawals.
- Look for ATMs that are part of your banks network.
- Withdraw larger amounts of cash less frequently.
- Use a credit card to make purchases instead of cash.
- Consider opening a local bank account in the country youre visiting.
By following these tips, you can save money on international withdrawal fees and make your travel experience more enjoyable.
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