Serious question, how many of you still use your home bank for everything?

I used to just keep all my money in my old US bank account and pay the crazy fees every time I took cash out abroad. Last month in Lisbon, I got hit with a $12 fee for a $100 pull, which was the last straw. I opened a Wise account the next day and now I move money over in batches. The local card works everywhere and I save about $50 a month. Has anyone else found a better setup for daily spending in different countries?

4 comments

4 Comments

phoenix_lewis2mo ago

That's wild, viola_lopez30. Honestly, I just stick with my big bank for everything. The fees are a pain, but I like having all my stuff in one place and their app is solid.

hayden_craig952mo ago

Wow, that last part about funding their vacation really got me.

max_brown17d ago

Yeah, it's wild how these big banks just get away with this stuff. It's the same everywhere though - they bank on people being too lazy or scared to switch. I noticed the same pattern with my phone plan, my internet provider, even my gym membership. Everyone just accepts the annual price hikes and random fees because it's a hassle to change. Once you actually look at your statements and add up what you're paying for "convenience," it's pretty eye opening.

viola_lopez302mo ago

Oh man, that $12 fee is just your bank's way of saying they miss you. A lot. I finally switched to a local credit union with no foreign fees, but only after my old bank basically funded a small vacation for themselves with my "convenience" charges.