Aug 27, 2019
I often share what I’m doing that I think is working well. But
in this area, I know I can do better when I need access to cash. I
need to upgrade my travel debit card. Typically, it’s been a BofA
or Wells Fargo debit card. The cards have a $5 fee for withdrawals
outside the bank network which basically means any withdrawal
overseas. This summer I was on a family trip and was responsible
for spending cash for 5 other relatives on a 14 day tour through
Europe. I normally make relatively few withdrawals but when I was
at the atm every other day during our trip, the fees became
excessive.
Charles Schwab is the most highly recommended debit card in my
network of fellow travelers and it’s easy to obtain by opening a no
fee brokerage account that does not require a minimum deposit. They
refund all atm fees. The other option that may soon be available in
the US is the Revolut card. It’s popular in Europe and lets you
automatically exchange money to the local currency which is
fantastic when your trip involves multiple currencies.
I’m eager to make the switch and stop paying unnecessary
fees.
Want answers? Send your questions, comments and thoughts about
life to universe@thelinlife.com
Thank you so much for listening to The Lin Life Universe. I
hope you’ve been enjoying it. Please leave a review!