View Single Post
Old 01-11-14, 09:59 AM
  #8  
Chris Pringle
Senior Member
 
Chris Pringle's Avatar
 
Join Date: Apr 2009
Location: The Pearl of the Pacific, Mexico
Posts: 1,265

Bikes: '12 Rodriguez UTB Custom, '83 Miyata 610, '83 Nishiki Century Mixte (Work of Art), '06 Specialized Epic Marathon MTB

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 19 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by Machka View Post
But ... why do you need an international bank? Debit/credit cards can be used all over the place.
True that you can use any debit/credit card virtually anywhere in the world. Transaction fees and foreign exchange fees, however, have also become the norm worlwide. Add the two up on monthly basis and you'll be surprised how you could have easily paid for several meals or even hotel stays. For U.S. citizens, Charles Schwab Checking seems to be among the best in this respect. A few credit card companies have no foreign transaction fees.

Most large banks have partnerships with other banks in the world. If that's the case, tell them where you are going. They should be able to tell you which banks to use to avoid transaction fees. Here in Mexico, most expats go exclusively to a particular bank affiliated with their bank at home (unless it's an emergency).

Last edited by Chris Pringle; 01-11-14 at 10:14 AM.
Chris Pringle is offline