debit cards with no foreign transaction fee

No Foreign Transaction Fee Debit Cards

The savviest international travelers carry with them both a no foreign transaction fee credit card and a debit card that also lacks foreign surcharges. The former allows them to take advantage of the low currency conversion rates that VISA and MasterCard are known for as well as the superior fraud protections that credit cards provide. A no foreign transaction fee debit card enables foreign travelers to access cash from ATMs on an as-needed basis, thereby minimizing the risk of carrying lots of cash more
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charles schwab bank checking account
Interest Rate
0.06%
Monthly Fees
None
Features
Visa Debit Card
more info
  • Unlimited fee rebates from any ATM worldwide.
  • Apply for Schwab Mobile Deposit™ to deposit checks from anywhere .
  • A minimum balance of $0.01, offers a 0.06% annual percentage yield (APY)
  • Checks returned due to insufficient funds is $25 each, maximum of $100 per day.
bangor savings bank business checking account
Interest Rate
None
Monthly Fees
None
Features
MasterCard Debit Card
more info
  • 500 free transactions per month; then $0.50 per item.
  • Business Overdraft Protection/Line of Credit available.
  • When you process an international ATM transaction, we will automatically rebate $3.00 USD for each international ATM transaction.
  • Opening a Bangor Savings Bank account is easy. Visit a Branch Near You or Call at 1.877.Bangor1 (1.877.226.4671).
bankplus personal checking
Interest Rate
None
Monthly Fees
None
Features
Visa Debit Card
more info
  • FREE Mobile APP with FREE Mobile Deposit
first republic bank atm rebate checking
Interest Rate
None
Monthly Fees
None
Features
Visa Debit Card
more info
  • Overdraft protection available for no charge via linked savings account or Overdraft Line of Credit.
Salem Five Business Star Checking Account
Interest Rate
None
Monthly Fees
None
Features
Visa Debit Card
more info
  • Unlimited Salem Five and foreign ATMs.
  • 200/month included, then $0.75 per transaction over 200.
Ask our Experts
EXPERT’S ANSWERS

How Can I Use My Debit Card Abroad?

By: Richie Bernardo, Personal Finance Reporter As long as your debit card is branded with a VISA or MasterCard logo, you can use it to pay for purchases from any merchant location in the world and any ATM where that credit card network’s logo is displayed. To avoid other complications using your debit card abroad, follow these tips:
  • Bring Identification: Many foreign merchants will request your ID if you make a purchase with your debit card. And some of them won’t accept a foreign ID that isn’t government-issued, so carry your passport with you if you plan to use your debit card for purchases.
  • Keep Your PIN Short: In many countries, some older cash machines will only accept four-digit PINs. If your current PIN is longer, you should change it to four numbers before departing for your trip to avoid withdrawal issues.
  • Notify Your Bank Of Your Travels: To be certain that your card will work abroad, before departing you should tell your bank which countries you will be visiting. Otherwise, your bank may block purchases and withdrawals they regard as suspicious. You may be able to set a travel notification in your bank’s online banking system. If not, give them a call or stop by a branch.
  • Request A Contact Number: Ask for your bank’s toll-free or collect-call number to reach them in case you encounter problems during your travels.

What Are The Charges For Using A Debit Card Abroad & How Do I Avoid Them?

By: Richie Bernardo, Personal Finance Reporter The typical costs of using a debit card abroad vary, but the table below provides an idea of what to expect.

Fee/Charge Cost Per Transaction Charged By How To Avoid It
Foreign Transaction Fee $2–$5 Your Bank Get a no foreign transaction fee debit card that also waives/reimburses foreign ATM fees from a bank with global ATM networks. Click on the details of each checking account above to find out if these are options.
Foreign ATM Fee 1%–3% of Transaction Total Your Bank
Foreign ATM Owner Surcharge Depends on Machine Owner ATM Owner
Dynamic Currency Conversion Up to 7% of Transaction Total Merchant/ATM Owner Refuse every offer at the cash register or ATM to convert your transaction total in dollars (or other home currency).


There are other ways to circumvent international ATM charges on your debit card, including the following:
  • Limit Your Withdrawals: Although it’s advisable not to carry wads of cash with you overseas, it’s a good idea to estimate how much cash you’ll need before making a withdrawal abroad. Making a one-time withdrawal versus several can save you a hefty sum if your bank charges foreign ATM fees.
  • Pay With Plastic: Making purchases with a no foreign transaction fee credit card or debit card will reduce your need for cash — and thereby reduce the ATM fees you’ll pay for withdrawing money.
  • Don’t Make Balance Inquiries At ATMs: Checking your balance at a foreign ATM might be treated by that machine as a withdrawal. Consequently, you might be charged a foreign ATM fee and foreign ATM owner surcharge simply for inquiring about your balance. Using your financial institution’s online banking service at a cyber cafe or on your cell phone might be a better option.

What Is the Best Debit Card for International Travel?

By: Richie Bernardo, Personal Finance Reporter The best debit cards to use abroad are listed on this page, as none of them charges a foreign transaction fee. However, the “best” for you also depends on how well a particular card addresses your individual needs and fits with your spending patterns, so compare the features of each checking account above. If you want to earn interest on your balance, for instance, you can do so with a Charles Schwab High Yield Investor Checking Account while enjoying unlimited rebates on ATM transactions worldwide. Keep in mind that you won’t be charged foreign transaction fees on the cards above, but an independent ATM owner may still assess a surcharge.
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