Maximize Savings with Insider Financial Tips Abroad

Utilize International Banking Options

To avoid hefty foreign transaction fees, consider opening an account with a bank that offers international services. Banks like HSBC and Charles Schwab provide accounts with no foreign transaction fees and free ATM withdrawals worldwide. This can save you significant amounts on fees that typically range from 1% to 3% per transaction. Additionally, using credit cards that offer travel rewards or cashback on foreign purchases can further enhance your savings⁴.