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  1. Nomads 12 - Interview with "The Yoga Nomads"

    […] A&B: We had both saved money from being in corporate America for a number of years beforehand. We also made sacrifices before we left like moving back home and cutting down expenses wherever we could. Also, traveling throughout India and Southeast Asia is super cheap. Check out our strategies for banking while traveling. […]

  2. Laurie Mitchell
    Laurie Mitchell at |

    Warning regarding Charles Shwab: Don’t bother, this is a card for the occasional traveler and not digital nomads, as the CW customer service representative explicitly told me. I’m a U.S. citizen who has been traveling abroad for the past eight months. Sick of horrible transaction rates, international fees, and rampant atm fees, I read articles like this recommending CW and opened an account. They sent my card to my mom’s address in the U.S., who forwarded it to the address where I was staying for a week; it was a pain to do and took a month, but I figured it’d be worth it. I was so excited to finally receive my card and activated it; I was unable to transfer funds from my linked checking account, so I called customer service. They said that since I opened the card abroad (international IP address), I needed to come into a U.S. branch with two forms of identification to lift restrictions on my account (I received no warning about these restrictions). Well, I’m not planning on returning to the U.S. any time soon, plus they said cardholders must live in the U.S. for at least 6 months out of the year (“industry standard”), so essentially this was a huge waste of time, money, and energy to open the account. I couldn’t even use the card at an atm to get the balance out, they had to transfer it back to my account. If anyone reading this does decide to get the card, apply for it from a U.S. IP address, AND be prepared for CW to shut it down without warning if they catch you using it abroad for more than half of the year.

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