This Debit Card Has No Foreign Transaction Fees, Minimums, or Monthly Fees
Let’s take a closer look at the Schwab Checking account.
The Charles Schwab High Yield debit card has zero foreign transaction fees, which will leave you worry free.
Most countries, like Cambodia, don’t accept credit cards. That’s why I always carry the schwab debit card to take out cashe with no fees.
No Account Minimums
The Schwab debit card does not have a minimum balance. This means as long as you have money in your account, you won’t get charged a fee. With that said, be careful not to withdraw more money than you have in the account or else you will get charged.
ATM Fee Reimbursement
Instead of charging a fee for using an ATM that is outside of their network, Schwab says that all ATMs are free to use for their High Yield Investor Checking debit card holders.
In the video at the top of the article, I go in my personal Schwab account and show you exactly how I got an automatic ATM fee reimbursement.
How to Open a Schwab Debit Card Account
This is part of Schwab’s personal referral program. Once again, I’m not making money from this, I’m just letting you know the opportunities you have to save.
Using Your Debit Card While Traveling
Use Your CREDIT Card Whenever You Can. Earn points/miles and avoid having your debit info hacked.
Don’t Take Out Too Much Cash
Take out what you need and then split up your cash in different areas. Put some money in your shoes, put some in your wallet, some in your inside pockets, etc. This way if a pickpocket does get some of your money, they won’t get it all.
If you have a US social security number you now know that the best debit card for traveling is the Schwab High Yield Investor Checking account card. It doesn’t charge you any crazy fees like other cards do and it will even reimburse you when you’re charged an ATM fee by another bank.
Lastly, remember to let your bank know where and when you’ll be traveling so that they don’t flag your account and freeze transactions.
Get $100 for opening up a new account
Referral Code: REFER6ZFIQ
Do you use the Schwab debit card for traveling? What has your experience been?