When you're traveling abroad, taking money out of an ATM is a convenient way to exchange currency. Unfortunately, depending on your bank, using this method to access local currency could also be an expensive option if you're charged additional fees, like an ATM fee and a foreign transaction fee. Show
The good news is, some banks won't make you pay to use an ATM in a foreign country — and others provide reimbursement for ATM transaction fees. If you're a jet setter and looking for a bank that won’t charge you fees when you use your debit card outside of the United States, this list will help you find the financial institution that's right for you. Banks with no international ATM feesHere are the best banks and best checking accounts that don't charge ATM foreign transaction fees:
AspirationIf you open an Aspiration Spend & Save Account and choose the Aspiration Plus level of service, then you'll be in luck. Aspiration provides fee reimbursement that makes it possible to use ATMs worldwide. Aspiration credits you $4 for every ATM fee. If your fees end up higher, you can contact their customer support for the appropriate fee credit. You won't be reimbursed for fees charged by Mastercard though. Other features of an Aspiration Plus account include:
Read our detailed Aspiration Spend & Save Account review. BettermentYou can use your Betterment Checking account debit card at any ATM worldwide where Visa cards are accepted, and Betterment will reimburse any associated fees. It will even reimburse the 1% currency conversion fee from Visa that applies to foreign transactions, purchases, and ATM transactions. That means you can
get free ATM access anywhere you travel. Other features of a Betterment Checking account include:
Read our detailed Betterment Checking review. Charles SchwabThe Schwab Bank high-yield investor checking account is an ideal choice for frequent travelers who want to save on ATM fees. With the investor checking account, you won’t be charged for using an ATM abroad and Charles Schwab will reimburse you whatever the local bank charges. You also won't pay any foreign transaction fees when you use your debit card abroad. In addition to these great benefits, this Charles Schwab bank account also offers:
Capital OneCapital One's 360 Checking Account allows you to use your debit card at more than 39,000 Capital One or Allpoint ATMs without paying ATM fees. This includes ATMs outside of the U.S. With this account, you won’t be charged foreign transaction fees on debit card purchases either. In addition to these perks for travelers, account holders also benefit from:
Alliant Credit UnionAlliant credit union members with an Alliant Checking or Teen Checking account can make fee-free cash withdrawals at more than 80,000 ATMs worldwide. Plus, account holders are also eligible for a rebate on ATM fees. This rebate maxes out at $20 per month, but it covers withdrawals at foreign ATMs. You will still be charged a 1% Visa foreign transaction fee if you use your debit card to make a withdrawal outside of the U.S., though. Debit cardholder benefits vary depending on the kind of Alliant checking account you open. The $20 ATM rebate is available on Alliant's high-rate checking account, which also offers:
First Republic BankFirst Republic's ATM Rebate Checking offers a rebate for withdrawal fees charged by other banks, so you can use your debit card to take money out anywhere without worrying about ATM fees. And you won't have to pay foreign transaction fees either, though you aren't reimbursed for foreign currency conversion charges. There are some other fees you could potentially be hit with though, as well as some benefits for account holders:
FidelityFidelity's Cash Management Account comes with ATM reimbursement, as do Fidelity brokerage accounts. As an account holder, you can withdraw money from more than 1 million ATMs worldwide with your debit card, as long as the ATM has a Visa, Plus, or Star logo. And ATM reimbursement is available no matter where in the world you make your ATM withdrawal. You will owe a 1% foreign transaction fee for foreign transactions, though. Fidelity's debit card also offers:
USAAUSAA's Classic Checking account is open only to eligible members of the military, veterans, and their families.If you qualify for an account, you can get access to 60,000 USAA-preferred ATMs worldwide with your debit card, and you won’t incur any fees. If you are charged fees at a foreign ATM, you'll be refunded for up to $15 per month. However, you will owe a 1% foreign transaction fee for withdrawals made abroad. A $25 initial deposit is required to open an account. Other features of USAA's Classic Checking account include:
FAQs about international ATM feesIf you
want to avoid paying international ATM fees, you have a couple of options. Those that appreciate the convenience of being able to withdraw money from an ATM may benefit from opening an account that offers free worldwide ATM access or reimbursement for ATM fees. Alternatively, you can exchange currency before you travel and use a credit card that offers no foreign transaction fees for the bulk of your spending abroad. The best bank card to use abroad is one that offers easily accessible ATMs and few to no fees for withdrawing money or making purchases. Some accounts with ATM or debit cards that may be convenient and inexpensive to use abroad include: Can I use my debit card internationally?Whether or not you can use your debit card internationally depends on certain factors, like where you'll be traveling and whether your bank's network is compatible with ATMs abroad. If you have a Visa or Mastercard-branded debit card, chances are you'll likely be able to use it abroad. Before your trip, be sure to call your bank and let them know you'll be traveling. Ask about ATM usage abroad and any fees you might need to pay if you use your debit card during your trip. Taking this step will offer you some peace of mind and allow you to account for ATM or foreign transaction fees in your travel budget. The final word on international ATM feesInternational ATM fees can really add up, especially if you travel often and pay as much as $5 per ATM withdrawal. But with the accounts listed above, you won't have to worry about wasting your money on international ATM fees just to withdraw cash while you travel. So instead of spending your vacation dollars on ATM withdrawal fees, you can spend that extra couple of bucks of U.S. dollars on something fun to make your trip even more memorable. Disclaimer: All rates and fees are accurate as of Sept. 7, 2022. Author Details
 Christy Rakoczy Christy Rakoczy has a Juris Doctorate from UCLA Law School with a focus in Business Law, and a Certificate in Business Marketing with an English Degree from The University of Rochester. As a full-time personal finance writer, she writes about all things money-related but her special areas of focus are credit cards, personal loans, student loans, mortgages, smart debt payoff strategies, and retirement and Social Security. Her work has been featured by USA Today, MSN Money, CNN Money and more, and you can learn more at her LinkedIn profile. Does Capital One 360 debit have foreign transaction fees?For 360 products (360 Checking, Money, etc.) there are no additional fees when you use your debit card abroad (any transaction made in a foreign currency or that MasterCard® classifies as a cross-border transaction).
Can I use Capital One internationally?You can use your card abroad the same as you use it at home.
You don't need to notify us about your travel plans anymore thanks to the added security of your Capital One chip card. You can use your card abroad the same as you use it at home.
Is 3% International fee a lot?1 This fee might consist of a 1% fee charged by the payment processor, such as MasterCard or Visa, plus another 2% fee charged by the card issuer, such as Bank of America or Wells Fargo. While 3% may not sound like a whole lot, these fees can really add up over the course of an extended trip.
Can I use my Capital One debit card abroad?You can use your debit card anywhere you see the MasterCard® logo. Also, there's no need to notify us about your travel plans before you leave. If you have any questions or problems while you're traveling, call our collect international number 1-302-658-9593. Did you find this information helpful?
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Capital one 360 checking foreign transaction fee
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