If you’ve traveled to other countries, you understand the pain of getting dinged by foreign ATMs when you withdraw cash. It doesn’t seem like a big deal, but it can add up if you don’t get enough cash the first or second time. Solution: open a checking account that can waive fees.
Usually, when you withdraw cash from a foreign ATM, you pay a flat fee of $3-5 to use that terminal in addition to a possible 1-3% foreign transaction fee of the total amount withdrawn charged by your bank. The article linked below suggests 11 checking accounts, such as Capital One and Citibank , that waive, reimburse, or offer reduced transaction fees; but usually if you have a premium account.
