About 10 months ago I watched your videos from Bali (I still remember the naked guy in the fancy nightclub)😄 Now, almost a year later, you look 5 years younger. Weight loss and healthy lifestyle are truly the best investment.
as mentioned, i love the charles schwab investor checking….the refund all atm fees and charges at the end of the month…love it…and the chase sapphire reserve is my go to credit card when traveling for all the reason you mentioned
Charles Schwab uses an extremely unfavorable exchange rate to more than make up for their no ATM fees. I withdrew 20,000 pesos from an ATM in Manila with two different cards on the same visit. Schwab charged me about $15 dollars more than my Bank of America card, also with no ATM fees.
Thanks again for such valuable information. It is so much appreciated and I really love the way you deliver the information. Stay safe and see you soon.
For Canadian viewers: FYI: The EQ Bank comes with no foreign transaction, FX or international ATM withdrawal fees. The Scotiabank Gold American Express Card and Scotiabank Passport Visa Infinite Card do not charge a foreign exchange fee as well. Cheers!
I use the Home Trust Visa for no FX Exchange Fees! Thanks @davidgrey5993 for the EQ Bank, is that the one you use to pull money out over seas? EDIT I just went to site and states no ATM fees Canada, does not state for elsewhere! I was thinking of using Wise but they have a limit of $300 per month I think.
Nice. Thank you for this information. Canadian information is tough to get, and watching these videos from RetireandGo is so chill and helpful, and I'm getting a whole todo list going for my trip in October.
I wish I had contemplated this on my 6 weeks in Thailand over Xmas and NYE. In our 2nd week, while in Pai, I went to an ATM outside a 7/11, and the ATM ate my card. I could not get it back. Fortunately, we have friends there, and we were able to have Schwab send us cash for the remainder of the trip. It was not ideal, but it turned out fine.
I try to use ATM in a bank during its open hours, that way in case the ATM eats my card and won't return, I can run to a live teller and get it resolved.
Yes that is a very good point I like that factor as well I can walk over and say I need my card back haha And cover the keypad with one hand when coding the pin
It is good to have a fair amount of cash in American dollars, maybe five hundred, hidden on your person in an invisible money belt with a zipper pocket on the back. Sometimes the ATMs are out of cash or the networks are down. Cash is king and will solve all sorts of problems. You need to have the cash with you, not back in the hotel.
Agree lost debit card in Bangkok and had couple hundred bucks on me till bank sent new one😅 that's when I realized how cheap Thailand was by living below my meens😊😊
Thank you for another great video! Another point to add, I never accept the "conversion" when withdrawing cash from the ATM because our home bank already does this for us. The conversion service charge is quite expensive, sometimes $40 or more depending on the amount you're withdrawing, so I never accept it. Always pay with "Local currency" when using a debit/credit card...otherwise, the exchange is a lot higher. Also, my income is deposited into a main account back home and then I transfer what I think I'll need access to into a second account. This second account, I have at least 2 ATM cards for. This redundancy safeguard was put into place because I had an ATM swallow my card in North Macedonia and I was flying out that day. Hope for the best but plan for the worst. Safe travels!
Thank you for the sound advice. I am glad you mentioned using a VPN for accessing financial institutions. I have a followup question: How do you handle Two Factor Authentication for your financial accounts? What phone service do you use to receive the codes via text message considering your are on the move every 30 days to a different country? Thank you in advance!
Schwab and Fidelity have no fee ATM transactions. My wife and I carry different cards (Schwab/Fidelity, credit cards, etc.) just in case one of us gets robbed. Cancel one set of cards, and the other set is still good. When I travel alone I have two sets, two wallets. One stays in the hotel safe. Use a VPN, and don't tell your financial institutions. The VPN can make it look like you are transacting from home. They don't like it if you live overseas. Something to do with tax reporting to the government. Make it look like you come home every so often.😁
Good advice., I might add a couple of things: if you're using your bank for ATM withdrawal; they don't like it if you're out of the country for an extended stay (think 6 months). Have heard them freezing accounts. This goes with insurance (think Blue Cross), if you stay out over 6 months, your coverage can be cancelled. Alway have a backup for plan B. Another thing, T-Mobile has excellent overseas coverage, without roaming fee's. Keep up the good work from another overseas retired Kama'ania now in Bali
Greetings from USA! Thanks for the video today regarding the money safety. You read my mind since we will on our trip soon. By the way, my husband wants to thank you for regarding the dividends stocks. You are looking well and having fun doing what you love. Keep up the good work. ALOHA. We still don’t know what to call you…😀. We have a name for you. Mr. ALOHA! 👍
This is what we like to hear about. Practicle things. Use a atm inside of a bank if possible. What about the bug out money? I like it. I will never use one of those small atms in any country!
You seem like an enlightened bodhisattva in your videos, so happy and peaceful. So it’s hysterical when you curse during the bloopers 😂🤣. I laugh out loud every time 😂
RU-vid recommended your channel at the beginning of the year. I’ve been watching ever since. You’ve been gaining traction since then as well. Howdy from Oklahoma; keep it up bud.
Great educational video! Love the chill background music. I also use Charles Schwab for ATM cash and a Capital One Venture credit card for free transaction fees and free other fees
Retired expat from the US living in Thailand. I transfer $ from the US to Tland bank acct each month using Wise. Take out using ATM. When traveling to Vietnam bring some Viet money to get to hotel. Then change Thai baht at a gold shop, best rates. Bills need to be perfect. Use a US credit card. No overseas fees. Good video.
Thanks for the info love your channel. We share some similar experiences, I went to high school in Hawaii (Radford) I was an Air Force brat. I also served 20 years in the Air Force. The stock advice has me doing more investigating.
I keep hearing "I sold everything" to travel and retire in Asia, then today "actually renting my home". It might be worth mentioning that "selling everything" may be a bad phrase when you are discussing topics of retirement because that's often not the answer even if it has a good ring to it.
E*Trade does not charge ATM fees and I do not need to wait until the end of the month. It is automatically refunded. The catch is that you will need to meet the balance threshold across all your accounts. If you are a veteran, USAA Visa does not charge a foreign transaction fee.
Hi. Thanks for your vlogs first of all I am finding them really informative and helpful. I’m sorry if I have missed your name? Anyways re money I wondered what you thought about going into a bank and taking cash out with your credit card from a cashier? When I was in Thailand recently I took out £50k bht from the ‘Yellow’ bank. As my credit card doesn’t charge for a cash advance and I get the ‘pure’ exchange rate I was happy! (You obviously need to take your passport to the bank with you). As a UK citizen I can’t get a Charles Schwab card and I thought the ATM fees in Thailand were horrendous. Keep on living your best life. Respect. Cheers 🍻
I arrive with zero cash. I go to a bank ATM and withdraw the maximum amount on the screen. It’s really hard 😂 but exactly the same as I did at home. #problemsolved
I am going to have to disagree about using cash in Thailand, especially just for vacation. I know living there would be different. Many, and I mean many, places require a minimum purchase to use a CC. Example: 7-11 is 250 baht. That may sound small but if you know how cheap things are in Thailand, then you know that is simply not easy to hit. You can buy half the store for 500baht (joking). Every restaurant that accepted CC had both an added charge (though small) and a minimum balance to use it. Night markets and street food vendors at best will accept QR code using your phone if you have a Thai bank account. It is a cash society. I had multiple issues using CC to set up for Bolt (got ripped off and never got cleared up with Bolt) taxi and will only use cash going forward with that. Motorbike taxis are great for cash. I have had no issues keeping cash locked up and taking it to a currency conversion place when needed. Get great rates from certain ones. Airport is the last place you want to convert money as you will get a bad exchange rate. The most dangerous part of having cash is getting out of America with it but after that I feel totally safe in Thailand.
What is your best advice when you call from Asia to United States without getting charged. Even though you can call your bank toll free Tmobile will still charge you around 20c per minute.
Download these three: Facebook messenger, LINE, WhatsApp You will be good with just WiFi wherever you go Call from hotels, coffee shops, restaurants, lobbies, shopping malls , video or audio calls
Thank you so much for this useful video, but I have a question for you,as a long period traveler what do you think, opening an account in a local bank and having a debit and credit cards,so you don't have the issues of a foreign person ? Thank you again.
Interesting idea If you are living there I think that would help but for 30 day stays them moving on like me no need Are you staying a full year or more?
Thanks for video, enjoying your content and style. I add that when using cards you can get a choice of local currency or your own country currency, the latter will be converted by vendors merchant at less favourable rate. Also, I thought in Thailand ATMs charged a local fee even if the card provider doesn't charge fees. Are you saying you get that reimbursed?
Yes there is a quarterly reimbursement Unreal ! It will blow you away Set up an online account of your choice and get a travel credit card You are good to go
New sub here, retired to Thailand. Which Pattaya banks have you found that have no local conversion fees? Bangkok Bank's is very high and Kasikorn has a fee but it is less (220 baht). My US bank also takes $5usd a pop as I don't have Schwab. And where is that 'cup of corn' (?) you bought? Looks good. On Soi Buakhao? LK Metro?
@@RetireandGo I think this will limit the possible loss from fraud. I plan to do this myself and see how it goes. The only bad thing I can think of is that it’s equivalent as cash and once I lost it I lost it.
@@RetireandGo another benefit is to protect the privacy of our personal info. Also the privacy of spending track and our personal budget control and discipline. And the merchant will think we are local. In my experience some small local food stall vendor only takes local issued card.
So how did you get by in S. America then? Use credit card all the time? One other question on money. How do you filee your taxes if you are living abroad? Must be done all the time i suppose, but here is where you need a very reputable firm. Thanks.
I’ve got it all locked in now. Peace of mind. Please let me know how esim works on your phone with each country. I’m about to get an iPhone 14 or 15 and they only use esim. Can you explain? Thank you 🙏🏼
@@koufax174either one is fine…they will set you up when you arrive. Just make sure your phone is unlocked. AIS and True can help you with physical sim or esim.
@@RetireandGoI mentioned in another post, but you may want to look into tello. Unlimited minutes and data in the US for $25. Get a local unlimited data plan and use two sims…you would save yourself at least $50 a month.
@@ypham2453 great question I’m not sure what a block of cash is haha Set up an online bank account Many to choose from Choose one with a no ATM fee ATM card Use a VPN on your laptop when doing any kind of online transaction It’s quick and easy You can travel and do banking and investing easy
@@RetireandGo I mean, I have Verizon right now. Would you recommend to continue on celfon subcription even if planning to stay overseas for extended periods?
@@RetireandGo I'm heading to Asia in a few months. I lived in Korea for years back in the 80s. love the Asian culture and food. I learned Korean and Japanese. Retired now. American culture now sucks and too expensive.
