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Compare top international banks

Browse you options and find a place to park your money that's light on international fees.

Use the table to sort the best international bank accounts by monthly fee, ATMs, foreign transaction fees and more. Want to view your top picks side-by-side? Click the "Compare" box next to your choices for an alternative view that dives into even more details.

Name Product Fee ATMs ATM transaction fee Out-of-network ATM fee ATM fee rebates Foreign transaction fee
Chase Total Checking®
$12 per month
Access to 16,000 ATMs and more than 4,700 branches nationwide
$2.50 in the US, Puerto Rico and US Virgin Islands; outside the US, it's $5 per withdrawal and $2.50 per transfer or inquiry
Chase Total Checking is easy to use and gives you access to 16,000 ATMs and more than 4,700 branches. It offers a $225 signup bonus to new Chase customers
HSBC Premier Checking
$50 per month
Free to use at all ATMs in the US
Get a 3% cash bonus in the first six months (up to $600) or $450 welcome bonus when you open your account with qualifying activities. Must open HSBC Premier checking account through offer page by August 31, 2021, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Free Checking
$0 per month
1,000 fee-free ATMs across the country
For $5 a month, you can get up to four ATM fee rebates
Pay a $0 monthly Service Charge and get free access to BBVA ATMs.
TD Beyond Checking
$25 per month
1,900 ATMs across the country and Canada
Unlimited fee rebates when you maintain a daily balance of at least $2,500
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
TD Convenience Checking℠
$15 per month
1,900 ATMs across the country and Canada
Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.

Compare up to 4 providers

How to compare accounts from international banks

Keep the following in mind as you compare accounts from international banks:

  • Availability. Where will you be living overseas? Look for an international bank that’s popular in that area, so you’re more likely to have branch locations and free ATM access should you need it.
  • Fees. Look for an account with little to no fees for monthly maintenance, foreign transactions, ATMs and more. Most banks list their Fee Schedules online, so take a peek before you commit to opening an account.
  • Conversion rates. If you’re staying in one place, pick a bank that has a strong currency conversion rate, so you’ll maximize your dollars each time you make a purchase or withdraw cash.
  • Features. Do you need an account that supports multiple currencies? What about one that has a global ATM network that supports your travels? Narrow down the features that are important to you, and find an account that checks all the boxes.
  • ATM network. Choose a bank that has a large ATM network in your area, so you’re guaranteed to have free access when you need to withdraw cash.

Other types of international bank accounts

Here are four alternatives to international bank accounts you may be interested in:

  • Wise Multi-currency Account. This borderless account lets you convert over 50 currencies worldwide. But you’ll need a separate checking account to use it.
  • North Loop International Student Account. This online bank account for international students lets you use your debit card without worrying about foreign transaction fees.
  • Revolut. Get free global spending, international money transfers and 28 fiat currency exchanges with this digital bank.
  • N26. Use your N26 debit card while traveling abroad and you won’t pay for fees or or get an added foreign exchange rate. But if you use a foreign ATM, you may pay a 2% fee based on your withdrawal amount.

What are the pros of an international bank account?

You might want to switch to an international bank account for these following reasons:

  • Multiple currencies. International accounts let you use overseas currencies more easily, often with more preferable exchange rates and fewer fees. If you regularly use foreign currencies, an international account can get you more value for your money.
  • Access to foreign markets. Only having a domestic bank account might inhibit you when making foreign investments, while an international bank account may let you more easily access foreign markets to trade forex or trade shares internationally.
  • Overseas investments. Purchasing real estate, companies or any other investments overseas would generally involve getting a foreign currency and making a money transfer. Regular investors can save time and money by investing out of an international account.
  • Privacy. Sensitive financial information may be safer overseas, in an anonymous account, than in a standard domestic bank account. If your occupation requires you to protect sensitive client information, or your own, then an international bank account may be preferable.
  • International money transfers. If you keep making international money transfers through a domestic bank account, you can very quickly spend a large amount on fees and currency exchange rates. An international bank account typically lets you do it with preferable rates and at a lower cost.
  • Tax advantages. Money stored in international accounts is sometimes eligible for legal loopholes that cut down on tax costs. But it’s a good idea to talk to a professional, because accidental tax evasion can land you in a considerable amount of legal trouble.
  • Linked accounts. Depending on your preferences, you may link other accounts to your international bank account to earn interest on them or enjoy other benefits.

Disadvantages of international bank accounts

An international bank account has a lot of advantages, but you should also be aware of the potential risks involved:

  • Legal risk. It’s your responsibility to follow all applicable laws when holding overseas accounts. It may be advisable to use an experienced tax accountant to help you.
  • Financial risk. Money held in US bank accounts is generally protected by the FDIC up to $250,000. Money held in overseas bank accounts does not have this guarantee.
  • Fees. There may be additional fees and costs involved with international banking, and these can vary between providers. You should make sure you are well informed about all applicable fees and conditions before opening an account.

How do I open an international bank account?

Opening an account at an international bank looks a lot like opening an account in the states. Once you find an international bank that’s right for you, you’ll generally follow these steps to open an account:

  1. Go to the international bank’s website and choose which account you wish to open.
  2. Enter your personal information, including your name, date of birth, address, citizenship and occupation.
  3. Verify your identity using a government-issued photo ID, such as a driver’s license or passport
  4. Verify your address using a bill from a service provider.
  5. Verify your income using a pay stub from your employer.
  6. Choose which currency you want to use for the account.
  7. Optionally, you may need to provide documentation from your current bank proving you have a positive banking history.
  8. Make your initial deposit.

Three things to do before opening an international bank account

Before you open an international bank account, make sure you:

1. Have a purpose in mind

By deciding which benefits are most important to you, like easier international investments, more tax options or cheap international money transfers, you can choose an account tailored to your needs.

2. Know your must-haves

Know what the account absolutely must have. For example, if you know with certainty that you will be investing in the Chinese property market then you’ll probably want an account that delivers advantageous US-Chinese currency conversion rates and lets you quickly transfer and convert funds to take advantage of great deals or compete at auctions.

3. Know the law

International accounts can be more legally complicated because they might mean obeying the laws of two different countries at once. You need to operate within both US law and the laws of whichever nation your account is being held in.

How to open an international bank account in 8 countries

If you’re planning on living abroad, here’s a list of nine countries and how you can open a bank account in each one.

What to consider before you move abroad

Before you make your trek out of the US, keep these five tips in mind.

  1. Your bank could freeze your debit card if you don’t give a heads up. If you don’t tell your bank you’re traveling abroad, it could freeze your debit card the first time you use it overseas. Avoid an afternoon of panic by notifying your bank beforehand. You can do this by calling the number on the back of your card, filling out a form online or sending a notification through its app.
  2. You might not be able to manage your account from an international branch. If your bank has locations overseas, don’t automatically assume they’re connected. For example, HSBC has branches in the US and Lebanon, but their systems don’t communicate with each other. If you pop by an overseas branch, the teller may not be able to help you.
  3. You might have to pay foreign transaction fees at an international branch of your bank. Just because your bank has branches overseas doesn’t mean you won’t pay foreign transaction fees. Read through your fee schedule or call up your bank to see if you’ll be charged a fee for using your card overseas.
  4. Having a student visa might limit your bank account options. In some countries — such as Lebanon — you need at least $1,500 in monthly income to open most basic checking accounts. But a student visa forbids you from working. If you end up in a country with similar account requirements, it may be difficult to find an account you qualify for.
  5. It’s easier to get paid in US dollars if it’s an option. Some countries accept US dollars, in addition to the local currency. If you have this option, getting paid in US dollars could make it easier to deposit money back home or file your taxes.

Bottom line

International bank accounts can help make international transactions easier and cheaper, but you’ll need to make sure you’re not accidentally breaking any tax laws. Compare checking accounts both abroad and in the US to find one that’s the right fit.

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