I would like to think that I travel smartly. I always prep my travel packet before each trip (i.e. passport copy, itinerary/hotel confirmations, etc.) but the one thing I never got my head around was traveling with cash.

I am not one to carry large amount of cash when traveling. I prefer to carry a debit card and pull cash out when I need it. However, each withdraw would charge fees hence I would have to withdraw large amount of money at a time.

Recently I signed up for the Schwab Bank High Yield Investor Checking Account® for my upcoming trip. When reading all the benefits of the account, it sounded too good to be true. Come on, $0 monthly service fees? $0 account minimum? No ATM fees worldwide and No foreign transaction fees? Sold!

aboutAlthough Charles Schwab doesn’t charge any ATM fees, any ATM fees charged by other financial institutions will be reimbursed after the withdraws.

When signing up for the checking account, you also have to sign up for a Schwab One® brokerage account. The accounts are linked but the good thing is that you don’t need to use the brokerage account. According to my Client Relationship Specialist, many people never use their brokerage accounts.

Within days of funding my account, my debit card and my checks arrived in the mail. The debit card will arrive in a blank white envelope and the checks will be sent in a wrapped check box with USPS tracking.

I haven’t had the chance to use the debit card yet, but I am looking forward to using this card when traveling and definitely look forward to having my ATM fees reimbursed after each withdraw.

Do you have a Charles Schwab debit card? If so, how do you like the card/features?

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