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Traveling abroad can quickly get expensive, especially if you’re constantly paying ATM withdrawal fees. Some banks charge between $3 and $5 per withdrawal, and then local ATMs add their own surcharge on top. Over the course of a long trip, these small expenses can cost hundreds of dollars. Fortunately, some banks and credit unions go further for their customers by reimbursing ATM fees, sometimes all over the world. Here are 12 institutions that help you keep more of your money for your adventures instead of handing it over to the banks.
1. Fidelity – Cash Management Account
Fidelity’s cash management account is a favorite among cost-conscious travelers. It mirrors Schwab in offering unlimited ATM fee refunds worldwide, ensuring borderless access to cash. The account is free of monthly maintenance fees and has no minimum balance, suitable for varied lifestyles. Tied to a brokerage, it offers access to Fidelity’s investment tools as well as daily checking features. By removing foreign transaction fees, Fidelity appeals to those who spend abroad. The combination of low maintenance and high benefits makes the Fidelity account a great choice for those who want a hassle-free travel banking experience with substantial benefits.
2. SoFi Verification and Savings
SoFi combines digital convenience with remarkable travel benefits. The account offers free access to an extensive global ATM network and automatic reimbursement of out-of-network fees domestically. Although international reimbursements are not completely unlimited, the coverage is sufficient for most travelers joining partner networks. With no account fees, early access to paychecks, and robust mobile banking tools, SoFi is for people on the go. Pairing it with SoFi’s savings account allows you to get competitive interest rates abroad. Designed for tech-savvy travelers, SoFi combines flexibility and cost savings in one attractive package.
3. Ally Bank – Interest Check
Ally Bank offers convenience to travelers, but modestly caps discounts on ATM fees. Customers receive up to $10 per statement cycle back for out-of-network withdrawals, ideal for occasional international use. Although this limit is not sufficient for frequent cash users, it often covers emergency withdrawals when traveling. Ally charges no monthly fees and offers competitive interest rates on balance checks. The bank operates entirely online, providing access to an extensive network of digital ATMs. For light travelers, Ally offers a balanced mix of benefits and simplicity, catering to those who value the convenience of online banking.
4. Aspiration Spend and register an account
Aspiration impresses with its unlimited domestic and international ATM fee reimbursements, ideal for frequent cash withdrawals. The account is environmentally friendly and committed to sustainable banking practices. There are no foreign transaction fees, so foreign currency conversions do not incur additional fees. Customers can choose a “pay what’s fair” monthly fee structure, including $0, providing flexibility for different budgets. Aspiration also offers cash back for purchases made at socially responsible companies. For travelers interested in both savings and ethical banking, this account stands out with a unique blend of benefits.
5. Verification of improvement
Betterment’s digital checking account is simple and travel-friendly, automatically reimbursing ATM fees worldwide. This means there are no penalties for using foreign ATMs. The account has no maintenance fees or minimum balance requirements, ensuring easy management. As an app-based bank, Betterment excels at mobile budgeting and overseas expense tracking tools. The debit card includes travel benefits, such as no foreign transaction fees. For minimalists looking for simple, hassle-free global access to their money, Betterment Checking is a top choice thanks to its user-friendly approach.
6. Axos Bank – Rewards Check
Axos offers a flexible fee reimbursement system, with unlimited reimbursements at domestic ATMs and up to $8 per month internationally. While it’s not as generous as Schwab or Fidelity, it’s enough for light to moderate foreign travel. Rewards Checking also earns interest if activity requirements, like direct deposits or regular use of a debit card, are met. Axos, being completely online, eliminates branches but offers seamless mobile application management. Without monthly fees, costs remain predictable. For travelers in need of occasional cash abroad, Axos offers the right balance of benefits, supporting an adventurous lifestyle.
7. Capital One 360 Verification
Capital One combines broad access to ATMs in the United States with friendly policies for foreign travel. Customers enjoy free access to more than 70,000 ATMs nationwide. Although Capital One does not reimburse third-party international ATM surcharges, it guarantees no additional bank charges. This account is ideal for traveling to regions with partner ATMs. There are no monthly fees, and the popular mobile app makes account management simple. For those looking for a reliable bank with simple travel benefits, Capital One offers a solid choice, especially for those who explore new destinations with ease.
8. Charles Schwab Bank – High Yield Investor Check
Charles Schwab is often considered the reference for travelers. Their High Yield Investor Checking account reimburses all ATM fees internationally, regardless of withdrawal frequency, with no limit. Schwab also avoids foreign transaction fees, saving customers from additional percentage-based fees during currency conversions. This account stands out for having no monthly fees and minimum balance requirements, making it suitable even for occasional travelers. Because it’s connected to a brokerage, opening requires a linked Schwab investment account, but you don’t need to invest to maintain the checking account for free. For frequent globetrotters, Schwab remains a top travel bank recommendation.
9. Discover Bank – Debit Cashback
Discover Bank offers a clear debit program for travelers, granting free access to more than 60,000 ATMs in the United States. International ATM reimbursement varies by country and local agreements, making coverage less predictable. Notably, the account includes cash back on debit purchases, offering 1% back on up to $3,000 in monthly spending. There are no account fees, ensuring long-term ease. Although more suited to U.S.-based travelers who occasionally venture abroad, Discover offers distinct value through its unique benefits and simple approach, enhancing travel experiences.
10. PNC Bank – Virtual Wallet with Performance Select
PNC Bank presents a tiered method for ATM fee reimbursement. With the Performance Select tier, customers receive up to $20 monthly reimbursement for ATM fees, both locally and internationally. This is suitable for moderate travelers who don’t rely heavily on cash while abroad. The virtual wallet combines checking and savings features, offering robust financial management tools. PNC’s extensive U.S. branch network adds convenience for those who prioritize in-person and online banking. For a hybrid big bank experience with travel benefits, PNC fits the bill, offering comprehensive financial monitoring wherever you are.
11. TD Bank – Beyond Control
TD Bank is designed for cross-border travelers between the United States and Canada. With Beyond Checking, ATM fees are refunded worldwide for those who maintain a minimum balance or meet activity thresholds. It has a strong presence in the northeastern United States and Canada, making it convenient for cross-border commuters. Although it’s not free for all, qualified customers receive unlimited global ATM discounts. The account also waives domestic non-TD ATM fees. For frequent travelers between the United States and Canada, TD’s offerings are unmatched, providing seamless banking services across borders.
12. First Republic Bank – Checking ATM Rebates
First Republic’s ATM Rebate Checking service offers unlimited ATM fee refunds worldwide, without ever charging extra. However, availability is limited to certain regions of the United States. These accounts often require higher minimum balances than online banks. In return, customers benefit from premium banking services and personalized support. For affluent travelers or those residing in First Republic service areas, this account offers unparalleled convenience abroad. The focus on exclusivity and personalized customer support makes it a top choice for discerning customers looking for an elite banking experience.