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World traveler needs alternative to expensive ATM withdrawal

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11. Posted by Skinbo (Budding Member 24 posts) 8y

I think you should be able to open a basic account if you can provide a permenat residential address and evidence of employment, its down to the discretion of the bank as to if want you as a customer or not.
The best way to transfer money internationally is to use Paypal as in the person in Canada sends money from there paypal account to your, you can then withdraw to a bank account. They charge 20p plus 3.9% on recieving the money for a international transfer and offer a excellent exchange rate. This is very cheap when compared with wiring money with banks or using money transfer agents such as western union which charge betyween from £12 upward per transaction.

12. Posted by Lugor79 (Full Member 70 posts) 8y

I've been looking at the same thing. Have you looked at HSBC? They don't charge any fees for withdrawing from their ATMs.. and they are located in huge chunks of the world... They do charge an over/under fee for the foreign exchange rate.. about 3%. If you have over 100k USD in their bank.. they waive ALL fees.

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