What are the best resources for withdrawing cash abroad without fees?

asked by Anonymous
40 contributors
7 solutions
  1. 9

    #1[TUTORIAL] How to avoid paying bank fees while traveling

    [TUTORIAL] How to avoid paying bank fees while traveling
    This article by Nomadic Matt gives you some pretty great tips for sidesteping bank fees while traveling, from what banks to use for withdrawing cash, to which ATMs to avoid and more.
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    Debra Howard
    Written on May 28, 2017
    "I seriously have to question the sanity of anyone who recommends only Bank of America of American banks. This makes this not a very useful site for Americans travelling abroad. There is really no reason to be paying ATM fees anywhere these days and one does not have to be abused by Bank of America in order to avoid fees."
  2. 7

    #2Understanding & How To Avoid Bank Fees While Traveling

    Understanding & How To Avoid Bank Fees While Traveling

    This video by Marcello Arrambide of Wandering Trader explains which banks you should use and which banks to avoid, as well as when to exchange money, which credit cards to use and more to avoid paying bank fees abroad.

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    Marilyn Cook
    Written on March 16, 2017
    "My friends and I went to a Europe travel excursion and needed to get all the information we could about things that most people don't think about. One of the things that we didn't think about was bank fees from transferring US funds to European funds. We spent all night searching for ways to get around this or if there was a way to get around it. Found this article and man did it help save us some money! We were using the tips and tricks spelled out and saved so much money!"
  3. 6

    #3[TUTORIAL] How to Avoid International ATM Fees While Traveling Abroad

    [TUTORIAL] How to Avoid International ATM Fees While Traveling Abroad
    This video by Pause the Moment shows you a method you can use to avoid paying outrageous ATM fees both domestically and while traveling internationally. 
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    Catalina Hurtado
    Written on January 3, 2017
    "I so happy to see someone else that hates Bank of America! I would totally follow this guy on Facebook and Twitter for travel information. Even though he doesn't have the most exciting background and set up around him, he has a lot of great information for travelers. I think I may just have to look into Charles Schwab for a checking account since there are no monthly fees and you never have to pay to use an ATM anywhere in the world. That is great information since the fees really add up. "
  1. 4

    #4Exchanging & withdrawing cash when travelling

    Exchanging & withdrawing cash when travelling

    Exchanging & withdrawing cash when travelling is the fifth episode in the Basics of backpacking series by PsychoTraveller. In this video, she explains the best ways to avoid getting hit by unnecessary bank fees as well as some useful tips.

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    Brittany Welch
    Written on June 7, 2017
    "While the source did indeed show ways to deal with the problem of withdrawing cash overseas, it did not actually provide the source itself. It solved only half of the problem."
  2. 4

    #5Charles Schwab

    Charles Schwab
    The Charles Schwab Corporation is a bank and brokerage firm, based in San Francisco, California. 
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    Samantha Simpson
    Written on April 26, 2017
    "My banking firm, Charles Schwab, was the one place that I thought would help me in ways to withdraw cash overseas. I was wrong! They didn't really have any information for me on tips to traveling and withdrawing money."
  3. 2

    #6Here's the simple rule you need to know when using a foreign ATM

    Here's the simple rule you need to know when using a foreign ATM
    This article by TransferWise explains why you shouldn't let an ATM do conversions for you, and why you should always choose to be charged in the local currency if you want to avoid being charged with unnecessary bank fees.
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    Brittany Simmons
    Written on June 16, 2017
    "When traveling aboard, I needed to figure out what was the best way to withdraw cash when in another country and avoiding fees. I couldn't imagine the fees that would have been piled on! I found this article about rules to using a foreign ATM and it really did help give some great advice! I learned so much from this article that I printed it out and kept it with me on the road."
  4. 1

    #7Exchanging Your Money Abroad: 10 Simple Tips

    Exchanging Your Money Abroad: 10 Simple Tips
    With bank fees rising every year and exchange rates seemingly in constant flux, what’s the best way to change your money?This article by Fodor's Travel gives you ten simple rules for exchanging your money abroad.
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    Katherine Gardner
    Written on October 8, 2017
    "Spending 6 months abroad in Europe? Check out this informative article by Fodor's Travel - Fodor's was and still is the world's best source of travel info. Great tips for young and old alike. This article dispelled some advice I was given - Fodor's says do not not allow a foreign business to charge your credit card in US dollars! Tons of hidden fees and charges. As someone who travels frequently for work, I ALWAYS did that as it was easier for expense report purposes. You learn something new everyday. If I learned something from this article, you can too. Give it a read - you won't be sorry."
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