Managing bank fees on your visit to the US

When the Secure Data Links lads were gearing up for their trip to the US, they started thinking about transaction costs through out their trip - they didn’t want to get hit with an international transaction or exchange rate fee from their bank at home every time they bought a burger or a beer.

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These days, there are a number of ways to keep international transaction fees low - Transferwise and Revolut are high-profile services solving this problem.

The Secure Data Links lads decided on a more-old fashioned solution: open a bank account in the US. They made a dollar withdrawal in Australia and deposited the proceeds into accounts that they opened when they arrived in California.

They used the address that established for them, and Wells Fargo happily sent their bank cards. We would have been happy to forward the lads’ cards to them on the road, but since they came through Bozeman, I handed them over in person. (If you look closely at this picture, you can see the envelope from Wells Fargo sticking out of Jack’s shirt pocket.)

So if you’re planning on an extended trip through the US and want to manage your transaction costs, consider opening up a bank account here - it could save you quite a bit of money!

Matt Copenhaver