Wondering how to bank without incurring fees, or looking to limit your exposure to foreign exchange fees and foreign transaction fees while traveling abroad?
As you may know already, banks charge a lot of fees. In 2011 alone, U.S. consumers paid nearly $30 billion just in overdraft fees, attracting the attention of some regulators!
And credit card users who use their plastic while traveling abroad are frequently hit with foreign transaction fees upward of 2-3%.
If that sounds like a lot of money wasted on bank fees to you, you are not alone. Millions of consumers have sought alternatives to the “high fee” banking system.
One solution is to only use cash, but there are obvious limitations to this, including where to store the cash securely… you can’t leave it all under your mattress, and traveling with every dollar you have in a wallet or purse is not particularly wise.
Some consumers have turned to local credit unions and low fee online savings accounts, such as the ones offered by Capital One 360 or American Express Personal Savings. These services allow you to sock away some money for an upcoming vacation or trip to Europe or anything else without getting constantly dinged by irritating, costly fees.
But even these low fee online accounts come with some drawbacks, such as limits to how many times you can withdraw cash per statement period, and more limited branch/ATM networks than their more expensive peers.
What else is available to those looking to avoid bank fees? More than one million users save in real Gold and other precious metals using Goldmoney. They make it fast and convenient to save in grams of investment grade gold, insured and protected by Brinks.
Unlike a traditional bank, you won’t be hit with constant fees; your balance is stored as a specific amount of investment grade gold—not as a dollar or euro balance that some bank can repeatedly ding with fees.
Plus getting your money off the platform only carries a small 1% fee, with familiar perks including a debit MasterCard you can use to withdraw cash at ATMs or spend anywhere MasterCard is taken.
Learn more about the service and: Open Free GoldMoney Holding Today
My objective is to share with you my views on gold, which in recent decades has become one of the world’s most misunderstood asset classes. This low level of knowledge about gold creates a wonderful opportunity and competitive edge to everyone who truly understands gold and money.
