Originally Posted by
Explore SE Asia
My long run problem is using the Netbank ATM card overseas. I expect that in the next 90 days my ATM FX conversion fee will go from 0% to the 3% ING charges. Due to my travel patterns, the ATM conversion fee and ATM fees have a far greater impact than a low FX fee credit card. I am considering Everbank (1% FX fee). Any recommendations ?
PS I have been rereading the fantastic wiki. Great info on FX fees.
PPS Off topic - Since I will need to get a new bank, I am also reviewing credit cards. I have a credit union Visa card with the 1% Visa fee and a Starwood Amex (2% FX offset with Starwood points). The Capital One cards seem the best for FX but there seems to be a large number of complaints posted on the Internet. Any feedback/recommendations?
Like Mountain Trader, I have had challenges with Cap One CSRs and their communication skills. That being said, once I got through to the Fraud department before each trip, I've only had them decline two charges, both when I had to overnight in Paris (that's three trips to countires that include Romania, Bulgaria, Turkey, Austria, Germany, Republic of Ireland, England, and two overnights in Paris). The Fraud department has always given me a direct number to call if I had a problem, I just didn't bother to use it since they were single charges on my way home.
For a current account, I have opened a Fidelity cash account.
http://personal.fidelity.com/global/...uestion=mycash
While it is a sweep account for investments, it's FDIC insured, and they rebate all "foreign" ATM fees in the US. Because overseas withdrawls are processed by VISA, there's a 1% fee for them.
I went with them becasue there is also an office in my town. I haven't completed the transition, so still have funds at Netbank, but am transitioning bill pay and direct deposit this week.