BEST OF

5 Best Banks for International Travel

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Using the right bank can save you money when traveling abroad. When researching the best banks for international travel, features we considered included:

  • Low wire transfer charges.

  • Decent currency conversion rates.

  • International ATM fee reimbursement.

  • Foreign currency delivery to your home.

Here are our favorite banks for international travel.

  • Charles Schwab Bank: Best for using ATMs.

  • Capital One 360: Best on foreign transaction fees.

  • HSBC Bank: Best for expats with high balances.

  • Citibank: Best for wiring money.

  • Revolut: Best for nonbank multicurrency account.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to make sure our coverage is fair and accurate, so you can choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

Best Banks for International Travel

Our pick for

Using ATMs

NerdWallet rating 

4.5

/5
Schwab Bank

Our pick for

Foreign transaction fees

NerdWallet rating 

4.5

/5
Capital One

Our pick for

Expats with high balances

NerdWallet rating 

3.0

/5
HSBC

Our pick for

Wiring money

NerdWallet rating 

4.0

/5
Citibank, N.A.

Our pick for

Nonbank multicurrency account

NerdWallet rating 

4.0

/5
Revolut

More top choices for best banks for international travel

  • BECU: No foreign transaction fee (read full review).

  • Axos Bank: ATM foreign currency conversion fee reimbursements with World Checking account (read full review).

  • Navy Federal Credit Union: Branches in nine foreign countries (read full review).

  • Varo: No foreign transaction fee (read full review).

  • Wise (formerly TransferWise): Multicurrency account with a debit card that doesn’t charge foreign transaction fees (read full review).

More strategies to keep banking costs down while traveling

Using money abroad can incur costs, but switching banks isn’t your only way to avoid them. Here’s a breakdown of different approaches and accounts to consider:

When spending money abroad:

When dealing with cash abroad:

When sending money abroad:

  • Consider nonbank money transfers: If you're sending a wire overseas while still in the U.S., companies such as Wise and OFX offer stand-alone transfers internationally that have competitive rates and low to no fees.

When managing wealth abroad:

  • Look into private banking: Private banking offers a personalized experience for high-net-worth individuals, which can include overseas considerations.

  • Open an offshore bank account: If you need help managing international business or investments, or if you'll be traveling long term, consider the merits of an offshore bank account.

Last updated on August 19, 2022

Methodology

Methodology for Best Banks for International Travel

We took a close look at over 80 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

To recap our selections...

NerdWallet's Best Banks for International Travel

Frequently asked questions