Best Debit Card in the World? & Why?

[EINSTEIN]

I read in another post that to pay bill of US based Amex cards you need a US bank account, is that true? If yes then does this account work for that?

 

[TechnoFinoTechnoFino is verified member.]

I read in another post that to pay bill of US based Amex cards you need a US bank account, is that true? If yes then does this account work for that?

True, and yes you can use this account to pay bill

 

[theglobalinvestor]

@TechnoFino what's the process to get the debit card?

I already have the necessary funds in Schwab international brokerage account due to company shares I get..

Use the message center to upload the form request for debit card and cheques.

 

[theglobalinvestor]

One more question. Charles Schwab allows Indians to trade in margin trading like futures and options? or just only investing?

RBI does not permit Indian residents to trade on margin outside India.

 

[telescope]

RBI does not permit Indian residents to trade on margin outside India.

I know. But if they are allowing then who cares.

 

[ankitfintech]

Guys, this is just an informational post. This account/debit card might be useful for some, but most people can probably ignore it. The Schwab brokerage account is great if you trade or invest in the US. However, opening this account just for the debit card isn’t a good idea if you live outside the US and can’t visit the country.

How does this card work?

If I have only stocks/assets and not real cash in the account, how can I take out money from this card?

 

[telescope]

How does this card work?

If I have only stocks/assets and not real cash in the account, how can I take out money from this card?

Put real cash, then take out. Or, sell stocks and then take out.

 

[theglobalinvestor]

After reading the title, you might be thinking about a debit card that offers great rewards on credit card bill payments. But that's not what this is about. Did you know there's a bank account—or perhaps we shouldn't even call it a regular bank account—that offers a unique debit card, perfect for travelers? I'm talking about the Charles Schwab brokerage account, which even Indians can open from India without an SSN or ITIN.

View attachment 67484

Why do I consider the Charles Schwab Visa Debit Card the best debit card? Let me highlight three features:

1. Zero Markup Fees
2. Zero ATM Withdrawal Fees Worldwide
3. Unlimited ATM Fee Rebates: This applies to cash withdrawals using the Charles Schwab Visa Debit Card wherever it is accepted.

When you travel abroad with this debit card, there's no need to worry about high ATM access fees. At the end of the month, you'll get a 100% refund of those fees from your bank. I never travel internationally without this debit card. Whenever I need to withdraw cash, I use this card and live worry-free. For example, when I was in Japan, I used this card to withdraw some cash and was charged an ATM fee, but Charles Schwab refunded it at the end of the month.

View attachment 67473

How can you get this debit card?

To obtain this debit card, you can either open a Charles Schwab International Brokerage Account, or if you live in the USA, you can open a Charles Schwab Brokerage Account or an individual checking account.

If you're in India and want to open this account, you'll need the following documents:

1. Substitute Form W-8BEN
2. A photocopy of your current passport
3. An original or copy of a utility bill

Account Opening Fund:
If you live in the USA, you don’t need any initial deposit to open this account. However, if you live outside the US, you'll need $25,000 to open the account. After opening, you don't have to maintain any balance, and this account doesn't have any annual or monthly maintenance fees. And if you visit the US, you might be able to open this account without any deposit.

You can use this brokerage account to trade or invest in the US market. You can also use it as a regular bank account to receive and send funds.

Note: This is not a promotional post or a product recommendation. Please do your own research before opting for any product.

Your card looks much nicer than the new one I just got.

 

[thegodfather]

What about ssn
Can students like us open with a US adreess proof

 

[thegodfather]

Any other us bank for students with no international/domestic wire fee?

 

[TechnoFinoTechnoFino is verified member.]

What about ssn
Can students like us open with a US adreess proof

Yes...

 

[Dr.Anand456]

After reading the title, you might be thinking about a debit card that offers great rewards on credit card bill payments. But that's not what this is about. Did you know there's a bank account—or perhaps we shouldn't even call it a regular bank account—that offers a unique debit card, perfect for travelers? I'm talking about the Charles Schwab brokerage account, which even Indians can open from India without an SSN or ITIN.

View attachment 67484

Why do I consider the Charles Schwab Visa Debit Card the best debit card? Let me highlight three features:

1. Zero Markup Fees
2. Zero ATM Withdrawal Fees Worldwide
3. Unlimited ATM Fee Rebates: This applies to cash withdrawals using the Charles Schwab Visa Debit Card wherever it is accepted.

When you travel abroad with this debit card, there's no need to worry about high ATM access fees. At the end of the month, you'll get a 100% refund of those fees from your bank. I never travel internationally without this debit card. Whenever I need to withdraw cash, I use this card and live worry-free. For example, when I was in Japan, I used this card to withdraw some cash and was charged an ATM fee, but Charles Schwab refunded it at the end of the month.

View attachment 67473

How can you get this debit card?

To obtain this debit card, you can either open a Charles Schwab International Brokerage Account, or if you live in the USA, you can open a Charles Schwab Brokerage Account or an individual checking account.

If you're in India and want to open this account, you'll need the following documents:

1. Substitute Form W-8BEN
2. A photocopy of your current passport
3. An original or copy of a utility bill

Account Opening Fund:
If you live in the USA, you don’t need any initial deposit to open this account. However, if you live outside the US, you'll need $25,000 to open the account. After opening, you don't have to maintain any balance, and this account doesn't have any annual or monthly maintenance fees. And if you visit the US, you might be able to open this account without any deposit.

You can use this brokerage account to trade or invest in the US market. You can also use it as a regular bank account to receive and send funds.

Note: This is not a promotional post or a product recommendation. Please do your own research before opting for any product.

Bas ye $25000 funding ka problem na hota to kasam se account open kerwa leta😅

 

[thegodfather]

Yes...

I had been to charles schwab here in scotsdale
They said an SSN’s required🥲

 

[TechnoFinoTechnoFino is verified member.]

I had been to charles schwab here in scotsdale
They said an SSN’s required🥲

Ask for CS International brokerage account.

 

[ankitfintech]

Your card looks much nicer than the new one I just got.

Hi @theglobalinvestor I also received the card 5 days back. Today I tried to activate but both numbers mentioned on it to activate/select pin doesnt work.

How did you activate the card?

 

[moneyMaker]

Your card looks much nicer than the new one I just got.

His was prob USA in-person opened 🤣🤣

 

[theglobalinvestor]

Hi @theglobalinvestor I also received the card 5 days back. Today I tried to activate but both numbers mentioned on it to activate/select pin doesnt work.

How did you activate the card?

I just called the number. No issues.

 

[nrj1007]

After reading the title, you might be thinking about a debit card that offers great rewards on credit card bill payments. But that's not what this is about. Did you know there's a bank account—or perhaps we shouldn't even call it a regular bank account—that offers a unique debit card, perfect for travelers? I'm talking about the Charles Schwab brokerage account, which even Indians can open from India without an SSN or ITIN.

View attachment 67484

Why do I consider the Charles Schwab Visa Debit Card the best debit card? Let me highlight three features:

1. Zero Markup Fees
2. Zero ATM Withdrawal Fees Worldwide
3. Unlimited ATM Fee Rebates: This applies to cash withdrawals using the Charles Schwab Visa Debit Card wherever it is accepted.

When you travel abroad with this debit card, there's no need to worry about high ATM access fees. At the end of the month, you'll get a 100% refund of those fees from your bank. I never travel internationally without this debit card. Whenever I need to withdraw cash, I use this card and live worry-free. For example, when I was in Japan, I used this card to withdraw some cash and was charged an ATM fee, but Charles Schwab refunded it at the end of the month.

View attachment 67473

How can you get this debit card?

To obtain this debit card, you can either open a Charles Schwab International Brokerage Account, or if you live in the USA, you can open a Charles Schwab Brokerage Account or an individual checking account.

If you're in India and want to open this account, you'll need the following documents:

1. Substitute Form W-8BEN
2. A photocopy of your current passport
3. An original or copy of a utility bill

Account Opening Fund:
If you live in the USA, you don’t need any initial deposit to open this account. However, if you live outside the US, you'll need $25,000 to open the account. After opening, you don't have to maintain any balance, and this account doesn't have any annual or monthly maintenance fees. And if you visit the US, you might be able to open this account without any deposit.

You can use this brokerage account to trade or invest in the US market. You can also use it as a regular bank account to receive and send funds.

Note: This is not a promotional post or a product recommendation. Please do your own research before opting for any product.

Any idea about Fidelity debit card? It also says it reimbursed ATM fees. My wife has it. Is it same as Charles Schwab's debit card or is there any catch?

 

[thegodfather]

Ask for CS International brokerage account.

Tried
The catch was 25000 dollar deposit
Want this account badly to stop getting wire fees
Please let me know if there are any alternate ways to get it without an SSN/ITIN

 

[moneyMaker]

Please let me know if there are any alternate ways to get it without an SSN/ITIN

even with ITIN, you need US DL to open remotely afaik.