I'm trying to figure out the best bank to use while I'm in Singapore for 4 months. Has anyone else from the USA had luck using Charles Schwab abroad? It seems too good to be true - no currency conversion fees with their checking account, and the check card should work at ATMs abroad. They say that they reimburse all ATM fees so it should be free.
However, the check card is just a normal magnetic swipe, not a chip and pin. Will this be a problem with cashiers at stores in Singapore or with the ATM machines?
Would it be better for me to go with a local Singapore bank? I'm still getting paid in USD and have a travel stipend in USD, so I'm trying to figure out the best way to have access to SGD while there with no or limited fees.