ccannon707
Contributor
As I'm getting ready to travel to Cozumel in Sept, I'm taking a look at my BofA account. I only use it for Coz traveling, using my debit card to get pesos out of Santander Bank - for no fee - when I'm there. When I logged into my account I saw a link titled " Changes to Your Account Services" ... always ominous. All ATM/Debit cards are now Visa or MasterCard branded. I will miss this unfortunate change in policy this year... but if I'm reading this right it is coming.
Starting November 8, 2013:
International Transaction Fee:
If you withdraw foreign currency from an ATM in a foreign country, Visa® or MasterCard® will convert the transaction into a U.S. dollar amount. We charge this fee on the converted amount: 3% of the converted U.S.dollar amount
And of course the ever-helpful "tip":
When youre traveling abroad, you can avoid an additional fee by using our International Partner ATMs. If you use an ATM that is not an International Partner ATM, a $5 Non-Bank of America ATM Fee also applies. To see the list of partners abroad, visit bankofamerica.com and search for Global ATM Alliance"
I took $100 in pesos out of a HSBC bank in Isla Mujeres with my BofA ATM card a couple years ago and it cost me $7. :shocked2:
Starting November 8, 2013:
International Transaction Fee:
If you withdraw foreign currency from an ATM in a foreign country, Visa® or MasterCard® will convert the transaction into a U.S. dollar amount. We charge this fee on the converted amount: 3% of the converted U.S.dollar amount
And of course the ever-helpful "tip":
When youre traveling abroad, you can avoid an additional fee by using our International Partner ATMs. If you use an ATM that is not an International Partner ATM, a $5 Non-Bank of America ATM Fee also applies. To see the list of partners abroad, visit bankofamerica.com and search for Global ATM Alliance"
I took $100 in pesos out of a HSBC bank in Isla Mujeres with my BofA ATM card a couple years ago and it cost me $7. :shocked2: