Originally Posted by
moondog
Unless things have changed a lot recently, it's illegal for companies doing business in China (including foreign CCs) to deviate from official exchange rates. So, while it's common to get nailed for foreign currency transaction fees of up to 3%, I've never heard of CCs employing unfair exchange rates. ATMs are also a good way to go.
Interesting. I wonder what the "rate" is though... probably still not market rate because that's the bank to bank rate for $1M+ usually. It should be better than BoA's 6.07 for sure though.