You’re sitting home and you're looking at videos of everyone on a breach, or thousands standing under the Eiffel tower or enjoying the view from the Malecon in Havana. You plan your trip, you booked flights and even a hotel. You just forgot one important thing… money.
A debit card is an integral part of traveling. Let’s face it, currency exchange rates at airport exchanges are not too favorable. They are full of hidden fees and unfavorable rates. There are smarter ways to use your money, and here are some:
The three best traveling debit cards.
The Schwab Bank Visa Platinum debit card- This card is linked you your Schwab Bank High Yield Investor Checking Account. There are no charges when you use an ATM locally or foreign. The bank also refunds all ATM-operator fees at the end of each month. There is no minimum balance requirement, no minimum opening deposit or service fee. You are required to open and link a Schwab One brokerage account.
Capital One Card
The Capital One 360 Checking Mastercard Debit Card - The Capital One 360 Checking Account doesn’t have a minimum opening deposit or foreign transaction fee. It does charge ATM operating fees but these fees are waived if you use Allpoint ATM’s throughout the world.
Fidelity Visa Gold Check Card - Linked to the Fidelity Cash Management Account, which is technically a brokerage account, the account doesn't have opening balances or ATM fees. Fidelity also reimburses all ATM fees. However, there are foreign transaction fees on withdrawals and purchases.
Editors Note: Opinions expressed here are the author's alone, not those of any parties mentioned. None of the entities mentioned has reviewed, approved or endorsed the content listed in this post.