No more fee free atm withdrawals from BoA

Yep. It's true. I just checked my online transactions, and sure enough there were 3% charges on my recent withdrawals.

Surely you have a link to BofA verifying this. I can't find this reported on the BofA site.

From the BofA FAQ
What are the fees for using a ATM or debit card at an ATM in a foreign country?

The Non-Bank of America ATM usage fee is $5. This fee is assessed for each withdrawal, transfer or balance inquiry performed at a Non-Bank of America ATM in a foreign country. In addition, the ATM operator may charge an access fee for cash withdrawals.

Your deposit account statement will reflect the U.S. dollar equivalent of your foreign ATM withdrawal. Bank of America will assess an international transaction fee of 1% (Effective November 8, 2013, the fee will change to 3%) of the US dollar amount for all ATM withdrawals processed in foreign currency. Foreign ATM operators may offer to do your currency conversion for you, but they may charge a higher fee for conversion. To insure that your currency conversion does not incur a fee higher than the one stated above, you may refuse the ATM operator's offer to convert the amount of the transaction. The fee is assessed as a separate transaction fee on the posting date of the withdrawal.

You can avoid the Non-Bank of America ATM usage fee and ATM operator access fee by using one of our international partner ATMs in the corresponding countries listed below:

Barclays (England, Northern Ireland, Scotland, Wales, Jersey, Guernsey and the Channel Islands)
BNP Paribas (France)
BNL D’Italia (Italy)
UkrSibbank (Ukraine)
Deutsche Bank (Germany)
Scotia Bank (Canada, Peru, Chile and the Caribbean including: Anguilla, Antigua & Barbuda, The Bahamas, Barbados, British Virgin Islands, Cayman Islands, Dominica, Dominican Republic, Grenada, Jamaica, Saint Maarten, Puerto Rico, Saint Kitts & Nevis, Saint Lucia, Saint Vincent & the Grenadines, Trinidad & Tobago, Turks & Caicos Islands, U.S. Virgin Islands)
Westpac Bank (Australia and New Zealand)
China Construction Bank (Mainland China)
Santander (Mexico)

https://www.bankofamerica.com/...nage/faq-atm-fees.go

Surely you have a link to BofA verifying this. I can't find this reported on the BofA site.

In Reply To

No I don't have a link verifying this,but I just got off the phone with a BoA representative who did indeed verify this and offered to reverse the fee they charged me yesterday but in the future they will be charging this outrageous fee.
Is that good enough for you Joaquinx?

I got a 3% fee the 11th but just got off the phone with a B of A Supervisor who could not find anything referencing a change in the Global ATM alliance and has started a research project to see if it is the case or a glitch in the system.

I think I liked it when BofA just hid the charges in the peso/dollar conversion. The way it is now there is a separate charge on my account each time I withdraw and that makes me crazy.

I think I liked it when BofA just hid the charges in the peso/dollar conversion. The way it is now there is a separate charge on my account each time I withdraw and that makes me crazy.

I think I liked it when BofA just hid the charges in the peso/dollar conversion. The way it is now there is a separate charge on my account each time I withdraw and that makes me crazy.

but there is no mention of the international transaction fee..

In Reply To

Really?That is exactly what they're calling it on my online statement.

In Reply To

They were not hiding a 3% charge. USA banking rules forbid hidden charges.
There was no 3% charge on ATMs until now. On credit cards, yes; ATMs, no.

I withdrew 6000 pesos from an ATM this morning using my Schwab Bank card and after checking my bank account online I received 13.10 Pesos to the dollar, the exact rate published today by the Bank of Mexico...All fees are paid by Schwab Bank and are shown on the end of the month statement.......Foolish to be a BofA customer.....

The OP mentioned that this became effective Nov. 8. I have made Santander ATM withdrawals with my BofA debit card since then with no fees charged. Who knows.