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Which banking app is best for travelling?

Read on to learn about digital banks to use abroad.

Name Product Monthly fee Cost per transaction Foreign transaction fee Rewards with this card Feature
OFFER
KOHO Prepaid Visa card
$0
$0
1.5%
0.5% cash back
Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.
Earn 0.5% cash back on every eligible purchase. KOHO offer credit-building through their prepaid card for an extra monthly fee.
CIBC AC Conversion Visa Prepaid Card
$0
$0
0%
1% cash back
Avoid foreign transaction fees. Load up to 10 currencies anytime including CAD, USD, EUR, GBP, AUD, JPY, HKD, TRY, CHF and MXN.
Mogo Visa Platinum Prepaid Card
$0
$0
2.5%
N/A
For every $1 you spend, 1 pound of CO2 will be offset for free through Mogos Amazon Rainforest project.
OFFER
KOHO Premium Prepaid Card
$9/month or $84 annually
$0
0%
Up to 2% cash back
Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.
Earn 2% cash back on transportation, grocery and restaurant purchases. Plus, get a 30 day free trial. KOHO offer credit-building through their prepaid card for an extra monthly fee.
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Compare up to 4 providers

If you’re going on a trip abroad, you’re going to need a card you can use overseas. Traditional banks like, the Big 5 Canadian Banks, usually charge fees for taking money out abroad. Learn more about the digital banks everyone is talking about and see how they stack up against each other for spending abroad.

Why use a digital bank for travelling?

Digital challenger banks like Monzo, Revolut, Starling and Monese have all of the same functionality as traditional chequing accounts, but also usually offer free transactions and withdrawals abroad. More and more young people are turning to these banking apps for their day-to-day banking, as well as benefits such as overseas spending. Click each one to read our in-depth reviews of each bank.

Learn more about challenger banks here

What about prepaid cards?

Prepaid cards are another popular solution for travel money. They’re secure and easily reloadable. Compare prepaid cards in the table below.

Name Product Monthly fee Cost per transaction Foreign transaction fee Rewards with this card Feature
OFFER
KOHO Prepaid Visa card
$0
$0
1.5%
0.5% cash back
Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.
Earn 0.5% cash back on every eligible purchase. KOHO offer credit-building through their prepaid card for an extra monthly fee.
CIBC AC Conversion Visa Prepaid Card
$0
$0
0%
1% cash back
Avoid foreign transaction fees. Load up to 10 currencies anytime including CAD, USD, EUR, GBP, AUD, JPY, HKD, TRY, CHF and MXN.
Mogo Visa Platinum Prepaid Card
$0
$0
2.5%
N/A
For every $1 you spend, 1 pound of CO2 will be offset for free through Mogos Amazon Rainforest project.
OFFER
KOHO Premium Prepaid Card
$9/month or $84 annually
$0
0%
Up to 2% cash back
Use promo code FINDERCODE and receive a $20 cash bonus into your KOHO balance once you make your first purchase within 30 days of signing up.
Earn 2% cash back on transportation, grocery and restaurant purchases. Plus, get a 30 day free trial. KOHO offer credit-building through their prepaid card for an extra monthly fee.
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Compare up to 4 providers

Should I just get some cash and not worry about a card?

If you’re just looking to carry cash and convert to other currencies, or you want to explore some other travel money solutions, head to our dedicated travel money section.

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