British Expats - Banking - too good to be true?

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Re: Banking - too good to be true?

Quote:

Originally Posted by ch2016 (Post 12293818)

Bank of America still hits you with the 3% currency conversion fee though right? Kind of them to not go for $5 + 3%!

The nerdwallet list is a good reference. I found that Citibank used to charge about 1% on the spot rate. I am assuming the exchange rates used by banks varies?

Looking at that list TD Bank seems to be the best for no fees, if you take out large sums. I see that Ally bank fairs well. I think Ally bank gets good reviews.

You can review bank health ratings here https://www.depositaccounts.com if you have solvency concerns.

Re: Banking - too good to be true?

I agree petitefrancaise, my son is travelling too so the zero atm fees is a real advantage. I too was worried that they may hit you with a poor exchange rate though. The other attraction is the high interest rate for low balance. I am thinking about opening as a second bank account just for these two benefits.