If you've ever used a foreign card at a Thai ATM, you've seen that dreaded 220 THB ($6.50) fee. Do that twice a week, and you're losing over $50 a month.
The "Holy Grail" Strategy: Charles Schwab
For US-based nomads, the Charles Schwab High Yield Investor Checking account is a must-have. Here is why:
- Unlimited ATM Fee Rebates: They refund every single fee charged by ATM operators worldwide at the end of the month.
- No Foreign Transaction Fees: You get the real mid-market exchange rate.
The Strategy for Non-US Nomads: Wise + Local Apps
If you aren't eligible for Schwab, Wise is your next best friend. In the Philippines, you can use Wise to send money to GCash or Maya, which often has lower or zero withdrawal fees at specific partner ATMs.
Save Your Next $7 Fee
Don't head to Southeast Asia without a solid banking backup. Join Wise today to manage 40+ currencies and avoid bank markups.
Get Fee-Free Transfer up to $600