Doing some late evening research on the best way for us to set up our bank accounts knowing that we’re endeavoring to eventually buy a sailboat and sail around the world.
Came across a neat blog, with a fairly recent post about just the topic I was interested in. Thanks, google.
Here’s an excerpt, click through to read the entire article:
ATM fees can really add up. Let’s think about it. While you’re on the road, you will probably withdraw money from an ATM twice a week. Fees vary around the world, but on average you end up paying $5 USD per withdrawal. That is $10 per week, $40 per month, or $520 per year. Even if you only use the ATM half the time, that’s still $260 USD per year. Most travelers I know go to the ATM even more than twice a week, which only increases the amount in fees they pay. Why give banks money you need for travel? You did a lot of work saving your money, don’t waste it by giving it to a bank. Here are four ways to eliminate fees: