8 best bank account features for frequent travelers

Core Insights - Frequent travelers require bank accounts with specific features to avoid excessive fees and manage finances effectively while abroad [1][2] Group 1: Essential Features for Travelers - No foreign transaction fees are crucial, as many banks charge 1% to 3% on purchases made in foreign currencies, which can add up quickly [3][4] - Widespread ATM access is necessary for travelers, with some banks partnering with networks like Allpoint or MoneyPass to enhance accessibility [5][6] - 24/7 live customer support is vital for international travelers who may need assistance at any time, with several banks offering this service [7] Group 2: Security and Convenience - Robust fraud prevention and detection measures are important, especially for frequent travelers, with features like virtual card numbers and multi-factor authentication offered by major banks [8][9] - Zelle integration allows for quick and fee-free electronic money transfers between U.S. bank accounts, enhancing convenience for travelers [10][11] Group 3: Financial Considerations - Favorable exchange rates are essential, as poor rates can significantly impact travel budgets, with banks like Charles Schwab and HSBC being recommended for their competitive rates [12][13] - Cash back on spending can be a beneficial feature, particularly for travel-related expenses, with some banks offering rewards on debit card purchases [14] - Seamless online banking experiences are critical for managing accounts easily, with modern online banks providing user-friendly interfaces and mobile apps [15][16]