Multi currency bank account for my travel

I'm a Hungarian citizen, and currently living in Hungary.

I'm planning a long holiday trip in Europe, visiting a few countries like Switzerland, UK, and Belgium.

My bank account in Hungary has HUF currency, and I think it would be very inefficient to use this account with my visa card to cover my expenses while I'm on trip. In my understanding, that would involve currency conversion on every ATM usage at a very high rate.

I would like to avoid this, so what I'm thinking about is to open a bank account abroad, and use Transferwise to transfer my HUF to that account.

Do you think this makes sense? Are there any more effective way to save money?

Can you recommend a good bank to open an account for this? It should be able to handle multiple currencies, and i would like to open it online without making a trip just for this. I have no country of preference.

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Multi currency bank account for my travel - Natwest Atm Card

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Can one bank account have multiple currencies?

It's a type of bank account that allows you to send, receive, and hold more than one currency. Rather than opening several bank accounts with different account numbers to keep track of, a multi-currency account allows you to use a single account number for each currency type.

What is the best multi currency account?

DBS, Citibank, and HSBC are your best options if you're looking to open a foreign currency account with a high street bank. They all let you hold major currencies including USD, GBP, EUR, AUD, etc (10+ currencies supported), and DBS even offers a multi-currency debit card that would be helpful for frequent travelers.

How do I create a multi currency account?

Best banks for international travel

Charles Schwab Bank: Best for using ATMs.
Capital One 360: Best on foreign transaction fees.
HSBC Bank: Best for expats.
Citibank: Best for wiring money.

Wise Multi Currency Account Review - The BEST Foreign Currency Card?

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

Images: Karolina Grabowska, Karolina Grabowska, Dom J, Karolina Grabowska