Checking for Travelers: Schwab Bank High Yield Investor Checking

This post was updated on Oct. 27, 2015.

WHY IT'S A WINNER

Globe-trotters get the best deal with Schwab. It’s the only institution that offers interest-bearing checking with no foreign-transaction fees and no maintenance fees, and covers ATM reimbursements worldwide.

Caveat

You’ll need to link your High Yield Investor Checking account to a Schwab One brokerage account. (The brokerage account by itself has a $1,000 minimum, but when the accounts are opened together, there is no minimum.)

Account Terms

Schwab Bank High Yield Investor Checking

Maintenance fee: $0
ATM fee: $0, with unlimited worldwide reimbursements
Interest on $5,000: 0.06%

Here are Money's picks for the Best Stand-Alone Bank Accounts of 2015-2016:

• Best Checking (tie): BofI Rewards Checking
• Best Checking (tie): Aspiration Summit
• Best Business Checking: Capital One
• Best Savings: MySavingsDirect
• Best One-Year CD: CIT Bank
• Best Bank Accounts If You're Broke