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When you’re traveling overseas, it’s important to have a debit card that is accepted in many countries and has low fees. Not all debit cards are created equal, and some are better than others for international travel. In this article, we will discuss the best debit cards for overseas travel.
Charles Schwab Debit Card
The Charles Schwab debit card is a popular choice for international travelers. It has no foreign transaction fees, no ATM fees, and no monthly fees. Plus, it reimburses any ATM fees you may incur while traveling. This means you can withdraw money from any ATM in the world without worrying about fees. The only downside is that you need to have a Charles Schwab brokerage account to get the debit card.
Citibank Debit Card
The Citibank debit card is another good option for overseas travel. It has no foreign transaction fees and no ATM fees at Citibank ATMs worldwide. Plus, it comes with Citibank’s global customer service, so you can get help with your account no matter where you are in the world. The downside is that you may incur fees at non-Citibank ATMs.
Schwab Bank High Yield Investor Checking Account
If you’re looking for a debit card that earns interest, the Schwab Bank High Yield Investor Checking Account may be a good option for you. It has no foreign transaction fees, no ATM fees, and no monthly fees. Plus, it offers a high interest rate on your account balance. The only downside is that you need to have a Schwab brokerage account to open the checking account.
HSBC Debit Card
The HSBC debit card is a good choice for frequent international travelers. It has no foreign transaction fees and offers free ATM withdrawals at HSBC ATMs worldwide. Plus, it offers travel benefits like emergency cash and card replacement. The downside is that you may incur fees at non-HSBC ATMs.
Bank of America Travel Rewards Debit Card
The Bank of America Travel Rewards Debit Card is a good option for travelers who want to earn rewards on their spending. It offers 1.5 points per dollar spent, which can be redeemed for travel or cash back. Plus, it has no foreign transaction fees and no ATM fees at Bank of America ATMs worldwide. The downside is that you may incur fees at non-Bank of America ATMs.
Conclusion
When you’re traveling overseas, it’s important to have a debit card that is widely accepted and has low fees. The Charles Schwab debit card, Citibank debit card, Schwab Bank High Yield Investor Checking Account, HSBC debit card, and Bank of America Travel Rewards Debit Card are all good options for international travel. Consider your needs and choose the card that is right for you.
FAQ
| Q: What is a debit card? | A: A debit card is a card that allows you to withdraw money from your bank account, make purchases, and pay bills. |
| Q: What are foreign transaction fees? | A: Foreign transaction fees are fees charged by your bank for using your debit card in a foreign country. |
| Q: What are ATM fees? | A: ATM fees are fees charged by the ATM owner for using their machine to withdraw money. |
| Q: Do I need to notify my bank before I travel? | A: It’s a good idea to notify your bank before you travel so they don’t freeze your account for suspicious activity. |
| Q: Can I use my debit card to get cash back at stores? | A: Yes, many stores offer cash back when you make a purchase with your debit card. |