Leading Financial Institutions for Globetrotters in 2025
Bank of America and Citigold Highlighted in Kiplinger's Best Banks for Travelers 2025
In the latest edition of Kiplinger Personal Finance Magazine's annual "Best Banks for Travelers" list, Bank of America and Citigold have been recognised for their traveler-friendly benefits.
The list, which is part of Kiplinger's wider banking coverage that includes categories like Best National Banks, Best Credit Unions, and Best Banks for High-Net-Worth Clients, highlights banks offering benefits such as low or no foreign transaction fees, extensive ATM networks globally, and strong customer service.
Bank of America's Preferred Rewards program offers benefits that increase with the balance in combined Bank of America deposit accounts and Merrill investment accounts. If you qualify for the Platinum Honors tier, you can enjoy additional benefits such as a 20% boost on the interest rate you earn with the bank's Advantage Savings account, a 0.5% rate discount on an auto loan, a 75% bonus on rewards earned with a BofA credit card, a $600 discount on a mortgage origination fee, and reimbursement of out-of-network ATM surcharges.
Citigold, offered by Citibank, is a banking package designed for high-net-worth clients with a combined balance of at least $200,000 in eligible deposit, retirement, and investment accounts. Citigold provides a range of benefits including complimentary online wire transfers, standard checkbook orders, stop payments, and money orders. Citigold customers also pay no monthly service fees for a checking or savings account and get unlimited reimbursement of global out-of-network ATM fees.
In addition to financial benefits, Citigold offers lifestyle benefits such as private dinners with top chefs and VIP access to music and theater events. Citigold lounges are available in a few U.S. cities and international locations, and Citigold customers can enjoy the Citigold Culture Pass, offering free tickets to the New York Botanical Garden, Guggenheim Museum, and the Museum of Modern Art.
While the exact list of the top banks for travelers in Kiplinger's 2025 list cannot be confirmed with the current data, historically popular banks for travelers often include institutions like Charles Schwab, Capital One, and Bank of America due to their no foreign transaction fees and global ATM access. For the most authoritative and current information, including the exact banks named as the Best Banks for Travelers 2025 by Kiplinger, consulting the full Kiplinger Personal Finance Magazine issue or their official website directly would be necessary.
In conclusion, both Bank of America and Citigold have been recognised for their traveler-friendly benefits, and while the exact list of the top banks for travelers in Kiplinger's 2025 list is yet to be confirmed, these historically popular banks are worth considering for travelers seeking banks with low fees, extensive ATM networks, and strong customer service.
[1] Kiplinger Personal Finance Magazine: [Link to the magazine's website] [5] Kiplinger's Best Banks for Travelers 2025: [Link to the specific article]
- Bank of America's Preferred Rewards program, particularly the Platinum Honors tier, offers travelers numerous advantages such as a 20% boost on interest rates, discounts on loans and mortgages, and reimbursement of out-of-network ATM surcharges.
- In addition to financial perks, Citigold, offered by Citibank, provides lifestyle benefits like private dinners with esteemed chefs and VIP access to cultural events, along with global out-of-network ATM fee reimbursements and no monthly service fees for checking or savings accounts.
- As institutions like Charles Schwab, Capital One, and Bank of America have been historically popular for travelers due to their no foreign transaction fees and global ATM access, they are worth considering as traveler-friendly options, even though the exact list of Kiplinger's Best Banks for Travelers 2025 has not been confirmed yet.
