Description: This is an article about schwab login. The Charles Schwab Debit card is one of our must-have items and a great tool for frequent international travelers. It gives us more flexibility, saves money, and allows us to spend more time enjoying our trip.
I am Ernest from Trip Astute. We’re reviewing the Charles Schwab debit card and why we think it is the best debit card for travelers. Getting cash abroad can be expensive, especially if you use the currency exchange booth at the airport.
A better way to get cash when you travel internationally is to use the ATM once you arrive. However, even though the exchange rate is generally better than a currency booth, you’re still likely to get charged an ATM fee. So how do you get around this?
You get a debit card that reimburses you for your ATM fees when traveling. One such card is the Charles Schwab debit card, which is connected to their high-yield investor checking account. You can use a debit card at any ATM both domestic and internationally to get cash.
You’ll still get charged the fees on your account, but Charles Schwab will reimburse the fees at the end of the month. The Charles Schwab account isn’t the only Bank that reimburses fees. There are other ones out there.
Two other major banks that reimburse debit card foreign transaction fees and ATM fees include Capital One and Discover. The Capital One 360 account doesn’t charge a fee, but you have to use an ATM within their approved network.
Discover Bank also reimburses fees but the acceptance is a bit limited outside of North America compared to other banks. In addition to getting your fees reimbursed, here are some additional reasons why I prefer using my Charles Schwab debit card when traveling.
Number one it provides an additional layer from your main checking account. I love the fact that I can load my Charles Schwab account prior to my trip and use it as my debit card. In the event that it were stolen or compromised, I wouldn’t have to worry about having my primary bank account exposed or drained.
I still carry my primary bank debit card with me, but it tends to stay in the hotel safe.
Number two it encourages smaller cash withdrawals. I generally prefer to use credit cards whenever possible, so I don’t like to carry a large amount of cash, since I don’t have to worry about fees, I’m less inclined to withdraw a large sum of cash when using my card.
Using my Charles Schwab debit card allows me to withdraw money as needed.
Number three it saves time. Rather than trying to find an ATM with a specific network or bank, I can use any ATM which lets me focus more time and energy toward my vacation.
Number four it has great customer service. I’ve personally been very happy with the level of customer service at Charles Schwab. Since we’re in the Los Angeles area, they have a few branch locations which is convenient.
However, I’ve also found their online and phone support to be top-notch. In fact I’ve also started investing with them since I found there seems to be competitive. We’ve included a list of the major banks and their ATM fees below.
Also, if you’re interested in opening a Charles Schwab high yield investor checking account, we’ve included a referral link below, you’ll get $100 if you use our referral link and it doesn’t require a minimum balance or deposit.
Do you have any experience using the Charles Schwab debit card or any other card while traveling abroad? If so, please share in the comment section below. Also, if you have done already, sign up for our weekly newsletter on our website for travel articles, updates and contests.