Perhaps you were lucky this holiday season and got a whole bunch of cash in your stocking. More than likely, you were not. Still, I bet one of your new year’s resolutions will be to start saving more money. Whether you cut back on your bar tabs or not, one brainless way to save money is to stop paying exorbitant ATM fees.
This holds true for travelers especially, who are often hit with dual fees – one from their home bank and one from the bank whose ATM they’re using. That SUCKS. While traveling, I, too, used to withdraw more cash than I should so that I wouldn’t have to go back for a while and thus avoid the $6 in fees. (When traveling in developing countries, that equates to a night at a hostel, or six servings of mango sticky rice!)Photo courtesy of http://www.flickr.com/photos/modernrelics. Feature photo courtesy of http://www.flickr.com/photos/bozontee%5B/caption%5D
Why Charles Schwab Checking Accounts Rock
- They don’t charge any ATM fees whatsoever.
- They REFUND you for any fees charged by other banks. (Just go ahead and read that again. Uhh, yeah.)
- Since you don’t have to worry about fees, this also has the added advantage that you can go to the ATM each day while traveling, withdrawing small amounts of money. Take that, pickpockets!
- There is no minimum account balance and no monthly service fees.
- It is easy to connect to a real person when you call, and their reps are helpful and nice. (There’s no way I’m the only person that just says “agent” over and over again when calling other financial institutions.)
- It is “high yield.” I thought that term only applied to crops or Duggers, but apparently it applies to checking accounts, as well. If you have a pitifully small amount in there like me, .15% isn’t gonna do much, but it’s better than other checking accounts out there.
Do you agree? Disagree? Please share your favorite travel debit cards in the comments. I’d love to learn about them!