Which bank account does not charge foreign transaction fee?

Enjoy Zero Hassles: Discover Banks and Debit Cards with No Foreign Transaction Fees

In today’s interconnected world, global transactions are becoming increasingly common. However, hefty foreign transaction fees can put a damper on your international travels or online shopping experiences. To combat this, several banks and debit card providers offer accounts and cards that eliminate these unnecessary charges.

Banks with No Foreign Transaction Fees

• Wise: A popular choice for international transactions, Wise offers a multi-currency account that allows you to hold and exchange over 50 currencies without fees.
• Capital One: Known for its travel-friendly cards, Capital One offers several options with zero foreign transaction fees, including the VentureOne Rewards Credit Card and Quicksilver Cash Rewards Credit Card.
• Charles Schwab: This bank’s High Yield Investor Checking Account comes with a debit card that waives all foreign transaction fees worldwide.
• HSBC: As a global financial institution, HSBC offers accounts and debit cards with no foreign transaction fees for eligible customers.
• Betterment: While not a traditional bank, Betterment offers a Cash Reserve account that comes with a debit card that charges no foreign transaction fees.
• Santander: Santander’s Select Checking account includes a debit card that waives foreign transaction fees for purchases made in other currencies.
• Citibank: Citibank offers several cards with no foreign transaction fees, such as the Double Cash Card, Citi Premier® Card, and Citi Prestige® Card.

Debit Cards with No Foreign Transaction Fees

• Revolut: This fintech company provides a multi-currency card that offers zero foreign transaction fees on all purchases and ATM withdrawals.
• Wise: In addition to its bank account, Wise also offers a debit card that allows you to spend in over 200 countries without any foreign transaction fees.

Benefits of No Foreign Transaction Fees

Eliminating foreign transaction fees provides several advantages:

• Save money: You can avoid the typical 2-3% fee that most banks charge on international transactions.
• Convenient travel: Make purchases and withdraw cash abroad without worrying about hidden fees.
• Easier online shopping: Shop from international websites and make purchases in foreign currencies without incurring extra charges.

Conclusion

By choosing banks or debit cards that offer no foreign transaction fees, you can make seamless global transactions without sacrificing your hard-earned money. Whether you’re a frequent traveler, an online shopper, or someone who simply wants to avoid unnecessary expenses, these options provide the perfect solution for hassle-free finances around the world.