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This post was updated on Oct. 27, 2015.


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.


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%

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