Canada’s Best No Foreign ATM Fee Bank Card Debit Card

Best No Foreign Transaction Fees Bank Card in Canada

I was looking for a Canadian bank card that charges no foreign currency transaction fee and no international ATM withdrawal fee. Then I came across the EQ Savings Plus Account.

EQ Bank offers a high-interest savings account, unlimited transactions, unlimited Interac e-Transfers, bill payments, and Electronic Funds Transfers. No minimum balance requirements, no separate accounts for savings/chequing … and all these are free.

All these sounded too good to be true, so I was hesitant. So, I read of few reviews online and contacted their customer support. At this point, I was certain that this was the real deal and I ended up opening an account.

I was only interested in the unique feature of EQ Bank’s no foreign currency ATM withdrawal fees and no foreign currency transaction fees. I have a one-month long trip coming up, so I needed to have a bank card that lets me withdraw from foreign ATMs.

The problem with taking out money from a foreign ATM with a Canadian bank card is that you will get hit 3 times with fees. Your Canadian bank’s ATM fee, a foreign currency transaction fee, and a foreign location’s ATM fee imposed by that ATM.

With an EQ Bank card debit card, I am removing my Canadian bank’s ATM fee and foreign currency transaction fee, which is a win-win situation and for all these benefits EQ Bank is not charging anything. 

I will keep a few hundred dollars (for security) to access via my EQ bank card when I am traveling and if I need more, I can always transfer more money from my regular bank.

I have a video about EQ Bank you can watch here:

The Best Canadian Bank Debit Card To Avoid International ATM Fees