Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

By annaheekang
October 25, 2015

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: