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If you’re planning a trip to Europe, one of the most important things to consider is how you’ll access your money while you’re there. While there are many options available, not all bank accounts are created equal when it comes to international travel. In this article, we’ll take a closer look at some of the best bank accounts for European travel.
What to Look for in a Bank Account for European Travel
When choosing a bank account for European travel, there are several important factors to consider:
- Low or no foreign transaction fees
- No ATM withdrawal fees
- No account maintenance fees
- 24/7 customer support
By opting for a bank account that meets these criteria, you can avoid unnecessary fees and expenses and have peace of mind knowing that you’ll have access to your funds whenever you need them.
Best Bank Accounts for European Travel
Here are some of the best bank accounts for European travel:
1. Charles Schwab Bank High Yield Investor Checking Account
The Charles Schwab Bank High Yield Investor Checking Account is a popular choice for international travelers. This account has no foreign transaction fees, no ATM withdrawal fees, and no account maintenance fees. The bank also offers 24/7 customer support and reimburses any ATM fees charged by other banks.
2. Capital One 360 Checking Account
The Capital One 360 Checking Account is another great option for European travel. This account has no foreign transaction fees and no account maintenance fees. While there are no ATM withdrawal fees charged by Capital One, some foreign ATMs may still charge a fee.
3. Ally Bank Interest Checking Account
The Ally Bank Interest Checking Account is a good choice for travelers who want to earn interest on their checking account balance. This account has no foreign transaction fees, no ATM withdrawal fees, and no account maintenance fees. The bank also offers 24/7 customer support and reimburses up to $10 in ATM fees charged by other banks per statement cycle.
Frequently Asked Questions
Q: Can I use my regular bank account for European travel?
A: While you can use your regular bank account for European travel, you may incur foreign transaction fees and ATM withdrawal fees. It’s best to check with your bank to see what fees will apply and compare them to other bank accounts that are designed specifically for travel.
Q: How do I avoid ATM withdrawal fees?
A: Look for a bank account that offers ATM fee reimbursement or that has a large network of fee-free ATMs. You can also try to withdraw larger amounts of cash at once to minimize the number of ATM transactions you need to make.
Q: What if I have an emergency and need to access my funds outside of regular banking hours?
A: Choose a bank account that offers 24/7 customer support so you can get help whenever you need it. It’s also a good idea to carry a backup credit or debit card in case you run into any issues with your primary account.
Conclusion
When it comes to European travel, having the right bank account can make all the difference. By choosing a bank account that has low or no fees, 24/7 customer support, and no account maintenance fees, you can enjoy your trip without worrying about unexpected expenses. Consider opening one of the accounts we’ve highlighted in this article to make your European adventure even more enjoyable!