10 Best Banks and Credit Unions for Travelers

Save money when traveling abroad with free ATM use and more.

Traveling abroad to exotic destinations can enrich and inspire you, but it can also ding your wallet with foreign fees, leaving you less money for things you enjoy. Finding banks with no ATM fees can save you a bundle when you’re traveling, especially if you plan to use your debit card.

Review the following banks and credit unions to see what they offer specifically for travelers and people who need to wire money internationally. You might even find some travel-friendly perks with the best travel rewards credit cards.

Here are the 10 best banks and credit unions for travelers:

                  10 Best Banks and Credit Unions for Travelers
Bank or Credit UnionGlobal ATM Access and ReimbursementsCurrency Exchange ServicesWiring Money Services Abroad FeesForeign Transaction Fees
Citi logo 2017CitibankATM network in 40 foreign countries with more than 20,000 ATMs worldwide
No-fee Citibank and MoneyPass ATMs
Delivery service for foreign currency
No service fees for clients with the Citigold or Citi Priority account package
$17.50 with Citigold and Citi Priority
$25 with other accounts
No fees if you use a Citigold or Citi Priority debit card
BofABank of AmericaNo fee for using non-Bank of America bank for withdrawals, transfers or balance inquiriesOrder foreign currency online by 2 p.m. for shipment same business day$30 to $45Offers credit cards with no foreign transaction fees
 BarclaysNo-fee ATMsForeign currency delivery available for limited amounts
Order by 2 p.m. for next business day delivery.
$0 if using online banking both domestically and internationally3% fee for Travelocity American Express card issued by Barclays
HSBC logo 2017HSBC BankInternational ATMs and branch locations with financial servicesTransfer money between your own HSBC currency accounts, make a transfer to another payee in over 150 countries and send money in your choice of over 20 currenciesFree global transfers with HSBC Premier account or HSBC Advance account2.99% non-sterling transaction fee 
2.99% cash advance fee
Capital OneCapital One 360Large network of fee-free Capital One and AllPoint ATMs
Fee-free foreign transactions at ATMs with Mastercard logo
NoneNo fee for incoming wire transfersNone
Charles Schwab logo 2017Charles SchwabUnlimited fee rebates from any ATM worldwideNone$25 outgoing wire transfer feeNone
Alliant Credit UnionAlliant Credit UnionATM rebates up to $20 per month for out-of-network ATMsNone$50 outgoing wire transfer fee1% of each transaction
American Airlines CU logo 2017American Airlines Credit UnionCan earn up to $20 in ATM refunds each month with a Priority checking accountNone$20 incoming or outgoing domestic and incoming international
$45 outgoing international
1% of each transaction
Navy FCU logo 2017Navy Federal Credit UnionFree ATMs on some overseas military bases
1% international service fee or 0.8% for U.S. currency
ATM rebates up to $10 per statement
None$25 international wire transfer feeOffers credit cards with no foreign transaction fees
 Andrews Federal Credit Union logoAndrews Federal Credit UnionReloadable EMV prepaid card can access over 1 million ATMs worldwide
Fee-fee transactions at CO-OP and Andrews Federal machines
None$35 international outgoing transfer feeOffers credit cards with no foreign transaction fees

Citibank

Citibank has an ATM network that spans over 20 countries outside the United States, which benefits people who enjoy international travel. In addition, Citigold and Citi Priority customers have their ATM fees waived.

You can withdraw up to $1,000 in available funds from any Citibank branch with no service fee if you ever lose your wallet on a trip. And the limit increases to $10,000 for Citigold or Citi Priority clients. You can also preorder most foreign currencies for delivery — as quickly as the next business day — before you leave on your trip.

Find Out: How to Find Citibank ATMs Near Me

Bank of America

Bank of America is a member of the Global ATM Alliance, which is a coalition of financial institutions that allow each other’s members to use ATMs in certain international countries without paying a usage fee for each withdrawal. For example, you can use BNP Paribas ATMs in France and Deutsche Bank ATMs in Germany.

You will still pay a 3 percent fee, however, for converting your withdrawal to the local currency. To put a travel notice on your card to avoid problems, use the bank’s mobile banking app.

Barclays

Barclays is also a member of the Global ATM Alliance, so you have extra fee-free ATM options when traveling abroad. In addition, you can order foreign currency online through the Barclays website as long as you have a Barclays debit card or Barclaycard. You can order up to 5,000 British pounds every 90 days, although only 2,500 pounds can be delivered to a residential address per 90-day period.

HSBC Bank

HSBC has over 3,900 branches in 67 countries and territories. For cash in an emergency, you can request up to $10,000 fee-free from your HSBC Premier Account or HSBC Advance Account at any HSBC branch around the world. In addition, HSBC does not charge any foreign transaction fees for foreign purchases when you use your HSBC Bank USA, N.A. Premier World debit Mastercard or HSBC Bank USA, N.A. Premier World Mastercard credit card.

Capital One 360

You can use any Capital One-branded ATM around the world without being charged an ATM fee, which makes it one of the best banks for travelers. In addition, Capital One will refund up to $15 of ATM fees per statement period for some international ATMs. You can also use your Capital One credit card without being charged foreign transaction fees no matter where you make your purchases.

Charles Schwab

You’ll love Schwab if you don’t like ATM fees; the bank refunds unlimited ATM fees each month worldwide. Plus, Schwab doesn’t charge any foreign transaction fees.

Although you can receive incoming wire transfers in foreign currency with no acceptance fees, Schwab charges a $25 fee for outgoing wire transfers. For example, you could wire money from your Schwab account to another bank that has a local branch where you’re traveling.

Alliant Credit Union

Although Alliant Credit Union offers to refund up to $20 of ATM fees each month, you’ll still be responsible for foreign transaction fees charged by Visa, which total 1 percent. Alliant won’t charge you for incoming wire transfers, but if you want to send a foreign wire transfer, you’ll be charged $50. When traveling abroad, notify Alliant’s Security Center by calling 800-328-1935 or setting a travel notification on your account online.

Learn: Ways to Protect Your Money While Traveling

American Airlines Credit Union

American Airlines Credit Union no longer issues prepaid travel cards but includes EMV chips in all of its cards now so that you can use them around the world. Visa’s 1 percent foreign transaction fee still applies, however. American Airlines Credit Union will refund up to $20 of ATM fees each month if you have a Priority Checking account and complete at least 15 debit card transactions, have at least $250 directly deposited into your account each month and enroll in online statements with a valid email address.

Navy Federal Credit Union

Navy Federal Credit Union’s foreign transaction fee, which is charged when you use your Visa debit card abroad, is 1 percent for transactions in a local currency or 0.8 percent for transactions in U.S. dollars. But all of Navy Federal Credit Union’s credit cards waive the foreign transaction fee. Depending on the type of account you have, you could also get some of your ATM fees refunded: Active Duty checking accounts refund up to $20 per statement and flagship checking, e-checking and campus checking refund up to $10 per statement.

Andrews Federal Credit Union

Andrews Federal Credit Union has locations not only in Maryland, Virginia and Washington, D.C. but also international locations in Germany, the Netherlands and Belgium. In addition, all of Andrews Federal Credit Union personal credit cards have no foreign transaction fees, although a 1 percent foreign transaction fee applies to its Visa Business Rewards card.

Up Next: 10 Best National Banks of 2018

This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved, or otherwise endorsed by any of the financial institutions reviewed.

Methodology: GOBankingRates identified the best banks and credit unions for travelers by analyzing the global ATM access and reimbursements; currency exchange services, fees for wiring money services abroad; and foreign transaction fees of these financial institutions. All fees and rates are subject to change at the banks’ and credit unions’ discretion.