Pay No International ATM Fees at These 6 Banks

When traveling abroad, taking money from an ATM is a convenient way to exchange currency. Unfortunately, depending on your bank, this could be expensive if you're charged additional fees, like an ATM fee and a foreign transaction fee.

The good news is that some banks won't charge you to use an ATM in a foreign country, and others reimburse ATM transaction fees. If you're a jet setter looking for a bank that won’t charge you fees when you use your debit card outside of the United States, my list will help you find the right financial institution that won't cost you an arm and a leg when you travel.

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Banks with no international ATM fees

Here are the best banks and best checking accounts that don't charge ATM foreign transaction fees:

• Betterment
• Charles Schwab
• Capital One
• Alliant Credit Union
• Fidelity
• USAA

Betterment

The Betterment no-fee checking account lives up to its name with its reimbursement of any ATM fees worldwide, plus reimbursement of the 1% currency conversion fee Visa charges for foreign transactions, purchases, and ATM transactions. With Betterment, you get free ATM access anywhere you travel.

Other notable features of the Betterment Checking account include:

• Robust mobile app to manage your account
• Pays cash back rewards for purchases from your favorite brands
• No minimum deposit required to open an account

Read our detailed Betterment Checking review to learn more.

Charles Schwab

The Schwab Bank Investor Checking™ account offers unlimited ATM fee rebates for cash withdrawals using the Schwab Bank Visa Platinum Debit Card, which is a great way to save on fees while traveling abroad.

However, there’s a catch.

They don’t reimburse Dynamic Currency Conversion (DCC), which is a service that displays your withdrawal options in U.S. dollars, versus the local currency. This service is optional, so you can decline it and still get free ATM withdrawals abroad.

This account also doesn’t charge foreign transaction fees for using your debit card abroad.

These are two perks that make it one of the best banks in the U.S. for foreigners and residents alike.

Other great features of the Schwab Bank Investor Checking™ account include:

• No monthly maintenance fees or minimum balance requirements with a linked Schwab One brokerage account
• An APY of 0.45% (as of 06/26/24)
• Full-featured mobile app that allows you to manage your account from anywhere

Capital One

The Capital One 360 Checking Account allows the use of your debit card abroad without foreign transaction fees or a currency conversion fee. However, they do not reimburse any fees an out-of-network ATM provider charges.

The Capital One 360 checking account also offers:

• No monthly maintenance fees or account minimums
• Access to 70,000+ fee-free ATMs nationwide
• An APY of 0.10% (as of 06/26/24)

Alliant Credit Union

Alliant credit union members with an Alliant Checking or Teen Checking account can make fee-free cash withdrawals at more than 80,000 ATMs worldwide. They also offer up to a $20 rebate on ATM fees, including foreign ATMs.

However, please note that you will still be charged a 1% Visa foreign transaction fee if you use your debit card to make a withdrawal outside of the U.S.

Alliant checking accounts also offer:

• No monthly maintenance fee or minimum balance requirements
• An APY of 0.25% (as of 06/26/24)
• Free overdraft protection if you have a linked Alliant savings account

Fidelity

Fidelity's Cash Management Account comes with ATM reimbursement, allowing you to withdraw money from more than 1 million ATMs worldwide with your debit card, as long as the ATM has a Visa, Plus, or Star logo. However, they still charge a 1% foreign transaction fee for foreign transactions.

Other great features the Fidelity Cash Management account offers include:

• No account fees or minimums
• Automatic transfers to help reach your savings goals
• Real-time spending insights to help you stay on track

USAA

USAA's Classic Checking account is open only to eligible military members, veterans, and their families. If you qualify for an account, you can access 100,000 USAA-preferred ATMs nationwide fee-free. If you use your debit card at a foreign ATM, they’ll refund you up to $10 per month.

Please note that USAA charges a 1% foreign transaction fee for withdrawals made abroad.

Other features of USAA's Classic Checking account include:

• No monthly service fees and no minimum balance requirement
• Early access to direct deposit
• Access to USAA spending plan tools

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FAQs

Bottom line

Traveling is expensive enough, and adding international ATM fees to your costs can make it even more costly. If you travel abroad often, it’s worth checking out banks with no international fees or at least one that reimburses some foreign transaction fees monthly. Instead of spending your vacation dollars on ATM withdrawal fees, you can spend the extra U.S. dollars on something fun to make your trip even more memorable.

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Intro Offer

Earn 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

Annual Fee

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Author Details

Christy Rakoczy

Christy Rakoczy has a Juris Doctorate from UCLA Law School with a focus in Business Law, and a Certificate in Business Marketing with an English Degree from The University of Rochester. As a full-time personal finance writer, she writes about all things money-related but her special areas of focus are credit cards, personal loans, student loans, mortgages, smart debt payoff strategies, and retirement and Social Security. Her work has been featured by USA Today, MSN Money, CNN Money and more, and you can learn more at her LinkedIn profile.

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Samantha Hawrylack

Samantha Hawrylack is a writer with more than five years of experience. Her work has been published in Newsweek, MarketWatch, USA Today, Rocket Mortgage, BiggerPockets, Crediful, and many more. She holds a Bachelor of Science in Finance and a Master of Business Administration from West Chester University of Pennsylvania, and she was previously a brokerage investment professional with Series 7 and 63 licenses at Vanguard.