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MBienstock Oct 12, 2014 6:17 pm

Debit / ATM Card for Israel
 
Can anyone recommend a no/low fee debit card for use in Israel that I can load from my US bank account and have someone use it to withdraw funds from an ATM in Israel when they are travelling there?

Mark

cbn42 Oct 12, 2014 8:27 pm

Capital One 360 Checking. It does not charge you to use any ATM in the world, although you have to pay surcharges imposed by the ATM owner. My understanding is that most ATMs in Israel do not have surcharges, so it should be free on both ends.

There are some banks that rebate ATM surcharges, such as Schwab, but those require opening a brokerage account with them, so probably not worth it unless you are traveling to a country where surcharges are commonplace.

AllieKat Oct 12, 2014 10:57 pm


Originally Posted by MBienstock (Post 23666950)
Can anyone recommend a no/low fee debit card for use in Israel that I can load from my US bank account and have someone use it to withdraw funds from an ATM in Israel when they are travelling there?

Mark

Schwab. They're amazing to deal with and the brokerage account has no minimum balance.

LoneTree Oct 13, 2014 8:43 am


Originally Posted by alexmt (Post 23667774)
Schwab. They're amazing to deal with and the brokerage account has no minimum balance.

Another vote for Schwab. No currency conversion/foreign transaction fees, ATM rebates worldwide.

I work abroad and get paid in US Dollars to a US account and this has always been my best option. (Though I think fidelity also would work.)


Originally Posted by cbn42 (Post 23667368)
There are some banks that rebate ATM surcharges, such as Schwab, but those require opening a brokerage account with them, so probably not worth it unless you are traveling to a country where surcharges are commonplace.

I only use the checking account and my brokerage account has always had a balance of $0. I've never had any fees or problems with this.


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