BootsnAll Travel Community

World traveler needs alternative to expensive ATM withdrawal fees.

I have a companion savings account with a Canadian bank but recently I've noticed they've been charging me up to $5 per withdrawal transaction. I think it's too much and I want out.

I am in the UK now with no intention of returning back to Canada to physically seek out, and open a new account with a better bank.

I need to find an alternative here in the UK (that allows Canadian visitors to open an account, make a deposit, and then leave the UK to use their debit card abroad (on the ATM PLUS system), and Webbanking to check balances, and statement, etc..

I'm looking for such a bank to bee fee-free (especially for withdrawals abroad), as well as free of other hidden charges, and taxes as well). Remember, the only reason I need a bank to withdrawal money abroad (that's it). Therefore, I don't want to pay any fees to the bank.

[url]Here is some background information[/url]
http://gobudgettravel.com/budget-travel-tips/eliminate-...ile-traveling-abroad

Thanks for any advice.

The only bank (actually, a building society) that doesn't charge for ATM transactions abroad is Nationwide (www.nationwide.co.uk). I don't know if they'll let you open an account without a permanent UK address and source of funds though.

I have an hsbc online savings account and they have free withdrawals at any hsbc bank.

I use the Post Office. Go into any one on any main street and ask about travel money options.