Travelers Plans How to Travelers Plans in The World
When planning for a travel, one important aspect to consider is money. Bringing cash is an option but it can be risky especially when traveling to a foreign place. Debit cards can be a great alternative because it is convenient and widely accepted. In Europe, some debit cards offer better benefits and lower fees than others. Here are the best debit cards for European travel:
1. Charles Schwab Bank High Yield Investor Checking Account
Charles Schwab Bank High Yield Investor Checking Account is one of the best debit cards for European travel because it offers no foreign transaction fees and no ATM fees worldwide. Also, it reimburses other banks’ ATM fees. This is perfect for those who plan to travel to multiple places in Europe because it eliminates the need to worry about finding a specific ATM or pay extra fees.
2. Capital One 360 Checking Account
The Capital One 360 Checking Account is also a great option for European travel because it has no foreign transaction fees and no monthly fees. This debit card also offers free use of Allpoint ATMs which can be found in major cities in Europe. Allpoint ATMs do not charge fees so it is another way to save money while traveling.
3. Fidelity Cash Management Account
The Fidelity Cash Management Account is another debit card that is perfect for European travel because it has no foreign transaction fees and no ATM fees worldwide. This debit card also reimburses ATM fees from other banks. The great thing about this card is that it comes with a mobile app that allows you to manage your account and deposit checks even while traveling.
4. Discover Cashback Debit Account
The Discover Cashback Debit Account is a great option for European travel because it offers no foreign transaction fees and it gives you 1% cashback on up to $3,000 in debit card purchases per month. This is a great way to save money while spending money.
5. Schwab Bank High Yield Investor Savings Account
The Schwab Bank High Yield Investor Savings Account is also a great debit card for European travel because it offers no foreign transaction fees and no ATM fees worldwide. This debit card also reimburses other banks’ ATM fees. The only downside is that it requires a linked Schwab brokerage account.
Conclusion
When traveling to Europe, it is important to choose a debit card that offers no foreign transaction fees and low or no ATM fees. The five debit cards mentioned above are some of the best options for European travel. Make sure to inform your bank that you are traveling abroad to avoid any card issues. It is also recommended to bring a backup debit card just in case. Have a safe and enjoyable trip!
| Bank Name | Foreign Transaction Fee | ATM Fee | ATM Fee Reimbursement | Cashback | Mobile App |
|---|---|---|---|---|---|
| Charles Schwab Bank High Yield Investor Checking Account | No | No | Yes | No | No |
| Capital One 360 Checking Account | No | No | No | No | No |
| Fidelity Cash Management Account | No | No | Yes | No | Yes |
| Discover Cashback Debit Account | No | Yes | No | 1% | No |
| Schwab Bank High Yield Investor Savings Account | No | No | Yes | No | No |
Frequently Asked Questions
What is a debit card?
A debit card is a plastic card that is linked to your bank account. It allows you to access your funds and make purchases without carrying cash.
Why use a debit card when traveling to Europe?
Using a debit card is convenient because it is widely accepted in Europe. It also eliminates the need to carry large amounts of cash which can be risky.
What should I look for in a debit card for European travel?
Look for a debit card that offers no foreign transaction fees and low or no ATM fees. It is also recommended to bring a backup debit card just in case.
How do I inform my bank that I am traveling abroad?
You can inform your bank by calling their customer service hotline or sending them a message through their online banking platform. Make sure to provide the dates and places of your travel to avoid any card issues.