![]() To make your money go as far as it can, keep these additional travel tips in mind. The above-mentioned digital multi-currency accounts are excellent options for buying foreign currency. After that, there will be a 2% fee per withdrawal. Revolut allows you to withdraw up to $1,200 per month from out-of-network ATMs without fees (although third-party ATM fees will still apply). You can also issue an instant virtual Revolut card in case your debit card does not ship to your home in time for your trip. It even comes with a travel debit card, which instantly accesses your 30+ pots of foreign currencies. Digitally accessible via a smartphone app, Revolut uses an industry-low exchange rate.įor popular corridors, like USD to GBP, Revolut's margin may be as low as 0.02%. ![]() Hands down, the best way to get foreign currency is with a multi-currency account offered by a fintech platform like Revolut. TD Bank marks up USD to CAD exchanges by around 4.5%, while other currency pairs can get marked up by 7%. ![]() At any given moment, there is a live mid-market rate between two currencies. Exchange Rate Margin: While some banks may waive their flat fee, all of them will levy this hidden fee.TD Bank charges $7.50 to TD account holders and $10 to non-account holders. Bank Fee: This is a transparent fee that banks charge for the service.Large American banks and credit unions like TD Bank charge two very large fees, one that is transparent and another that is hidden: If you are a retail customer who wants to hold foreign cash for your travels, then we highly recommend you avoid using TD Bank currency exchange services.
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