We use two banks, BOA for the full service with a credit card with zero FX transaction fees, buying foreign currencies, etc.
and Citizens First for a secondary account, both local.
Note: The BOA wanted me to close the FX less credit card and replace it with a 4% cash back credit card. .
I declined as they think i don't know what the typical FX transaction spread is, 9% as validated with my other BOA credit cards.
So they wanted me to get a 9% fx travel card to get 4% back - grifters. . . if it looks like free money, its probably not.
I don't see the need for an out of state bank, we just use credit cards when traveling, where ever we are. .
and with two different banks and an independent bank credit card as well, we are covered for traveling and just get cash prior to traveling. .
july former finance guy
|