Originally Posted by
aschuett
I opened a Capital One Money Market Savings account online a little more than a year ago. It comes with an ATM card (not a debit card - can't use at retailers) that I have used overseas many times. Not only do I earn a little interest, but I get no fee currency conversion. They don't charge any fees for withdrawals in terms of per transaction fee, or conversion percentage. It uses Visa's Plus network of ATMs, so I'm set in most places. If you sign up, check the T&C to make sure nothing has changed!
Link to Money Market Information:
http://www.capitalone.com/directbank...arket-account/
ATM Locator for PLUS network:
http://visa.via.infonow.net/locator/global/
I am curious about the monthly limit on withdrawals imposing on Money Market / Saving account by the Fed regulations. (Reg D if I recall it correctly). So as the online transfers whether it is inside Cap One or to outside banks, they are subject to 6 times a month limitation.
So any ATM withdrawal (not just the "home bank's ATM" as Capital One has none mostly) would be exempt from the monthly limit count? (ATM transactions are unlimited).
I have both the MM Saving as well as the Online Checking which earns about the same interest as the MM Saving, but checking account has no limitation in withdrawal/transfer.