Traveling abroad can get expensive fast, especially if you’re constantly paying ATM withdrawal fees. Some banks charge $3–5 per withdrawal, and then local ATMs add their own surcharge on top of that. Over the course of a long trip, these small charges can eat up hundreds of dollars. Luckily, certain banks and credit unions go above and beyond for their customers by reimbursing ATM fees—sometimes anywhere in the world. Here are 12 institutions that help you keep more of your money for your adventures instead of handing it to the banks.
1. Fidelity – Cash Management Account
Fidelity’s Cash Management Account is a favorite among fee-conscious travelers. It mirrors Schwab by offering unlimited ATM fee refunds worldwide, ensuring cash access without borders. The account is free from monthly maintenance fees and has no minimum balance, suiting varied lifestyles. Tied to a brokerage, it offers access to Fidelity’s investment tools alongside everyday checking features. With waived foreign transaction fees, Fidelity appeals to those spending overseas. The combination of low maintenance and high benefits makes Fidelity’s account an excellent choice for those wanting a hassle-free travel banking experience with substantial perks.
2. SoFi Checking & Savings
SoFi blends digital-first convenience with noteworthy travel perks. The account offers free access to a wide global ATM network and auto-refunds out-of-network fees domestically. While international reimbursements aren’t completely unlimited, coverage suffices for most travelers who adhere to partner networks. With no account fees, early paycheck access, and robust mobile banking tools, SoFi caters to people on the move. Pairing it with SoFi’s savings account allows earning competitive interest rates while abroad. Designed for tech-savvy travelers, SoFi combines flexibility and cost savings into one appealing package.
3. Ally Bank – Interest Checking
Ally Bank offers convenience for travelers but caps ATM fee rebates modestly. Customers receive up to $10 per statement cycle in reimbursements for out-of-network withdrawals, ideal for occasional international use. Although this limit may not suffice for frequent cash users, it often covers backup withdrawals on trips. Ally charges no monthly fees and offers competitive interest rates on checking balances. The bank operates entirely online, offering access to a vast digital ATM network. For light travelers, Ally delivers a balanced mix of perks and simplicity, catering to those who value online banking convenience.
4. Aspiration Spend & Save Account
Aspiration impresses with unlimited domestic and international ATM fee refunds, ideal for frequent cash withdrawers. The account is eco-friendly, committing to sustainable banking practices. There are no foreign transaction fees, so currency conversions abroad don’t incur extra costs. Customers can choose a “pay what is fair” monthly fee structure, including $0, offering flexibility for various budgets. Aspiration also provides cashback rewards for purchases at socially responsible businesses. For travelers interested in both cost savings and ethical banking, this account stands out with a unique blend of benefits.
5. Betterment Checking
Betterment’s digital-first checking account is simple and travel-friendly, automatically reimbursing worldwide ATM fees. This means no penalties for using foreign cash machines. The account features no maintenance fees or minimum balance requirements, ensuring easy management. As an app-based bank, Betterment excels with mobile tools for budgeting and tracking expenses abroad. The debit card includes travel perks, such as no foreign transaction fees. For minimalists seeking straightforward, global access to their money without hassle, Betterment Checking is a prime choice with its user-friendly approach.
6. Axos Bank – Rewards Checking
Axos offers a flexible system for fee reimbursements, with unlimited domestic ATM refunds and up to $8 monthly internationally. While not as generous as Schwab or Fidelity, this suffices for light to moderate foreign travel. Rewards Checking also earns interest if activity requirements, like direct deposits or regular debit card use, are met. Axos, being fully online, eliminates branches but offers smooth mobile app management. With no monthly fees, costs remain predictable. For travelers needing occasional cash abroad, Axos provides a fair balance of benefits, supporting an adventurous lifestyle.
7. Capital One 360 Checking
Capital One combines wide U.S. ATM access with travel-friendly policies abroad. Customers enjoy fee-free access to over 70,000 ATM locations domestically. While Capital One doesn’t reimburse third-party international ATM surcharges, it ensures no added bank fees. This account is ideal for travel in regions with partner ATMs. It comes with no monthly fees, and the highly-rated mobile app simplifies account management. For those seeking a reliable bank with straightforward travel benefits, Capital One offers a solid choice, particularly for those exploring new destinations with ease.
8. Charles Schwab Bank – High Yield Investor Checking
Charles Schwab is often considered the benchmark for travelers. Their High Yield Investor Checking account refunds all ATM fees internationally, regardless of withdrawal frequency, with zero limits. Schwab also sidesteps foreign transaction fees, sparing customers from extra percentage-based charges during currency conversions. This account stands out with no monthly fees and no minimum balance requirements, making it suitable even for occasional travelers. As it is connected to a brokerage, opening it necessitates a linked Schwab investment account, but you don’t have to invest to maintain the checking account cost-free. For frequent globe-trotters, Schwab remains a top recommendation in travel banking.
9. Discover Bank – Cashback Debit
Discover Bank offers a clear-cut debit program for travelers, granting fee-free access to over 60,000 ATMs in the U.S. International ATM reimbursement varies by country and local agreements, making coverage less predictable. Notably, the account includes cashback rewards on debit purchases, offering 1% back on up to $3,000 in monthly spending. There are no account fees, ensuring long-term ease. Although more suited for U.S.-based travelers occasionally venturing abroad, Discover provides distinct value through its unique perks and straightforward approach, enhancing travel experiences.
10. PNC Bank – Virtual Wallet with Performance Select
PNC Bank presents a tiered method for ATM fee refunds. With the Performance Select tier, customers receive up to $20 reimbursed monthly for ATM fees, both locally and internationally. This suits moderate travelers who don’t heavily rely on cash abroad. The Virtual Wallet combines checking and savings features, offering robust financial management tools. PNC’s extensive U.S. branch network adds convenience for those favoring both in-person and online banking. For a hybrid big-bank experience with travel benefits, PNC fits the bill, providing comprehensive financial oversight wherever you roam.
11. TD Bank – Beyond Checking
TD Bank is tailored for cross-border travelers between the U.S. and Canada. With Beyond Checking, ATM fees globally are reimbursed for those maintaining minimum balances or meeting activity thresholds. It has a strong presence in the Northeast U.S. and Canada, making it convenient for border crossers. Although not fee-free for all, qualified customers enjoy unlimited global ATM rebates. The account also waives non-TD ATM fees domestically. For frequent travelers between the U.S. and Canada, TD’s offerings are unmatched, providing seamless banking across borders.
12. First Republic Bank – ATM Rebate Checking
First Republic’s ATM Rebate Checking offers unlimited worldwide ATM fee refunds, never charging surcharges. However, availability is limited to select U.S. regions. These accounts often require higher minimum balances compared to online banks. In return, customers benefit from premium banking services and personalized assistance. For affluent travelers or those residing in First Republic service areas, this account offers unparalleled convenience abroad. Its focus on exclusivity and tailored customer support makes it a top choice for discerning clients seeking an elite banking experience.
