Originally Posted by
cbn42
As I have said several times on this forum, the "Global ATM Alliance" is a scam. BofA's fees are so high to begin with that even after the waiver for using a partner ATM, you end up paying more. When you use a partner bank's ATM, BofA is waiving a fee that many smaller banks don't even charge in the first place.
What kind of fees, and why would you end up paying more? If I understand correctly, before this FTF is being levied, using a Barclays ATM with a BoA account does not accrue any extra fee, unless you mean the currency conversion rate is bad?
Originally Posted by
cbn42
Get a debit card from Schwab, one of the other brokerages, or one of the small banks that provide international ATM rebates, and you can use any ATM you want without being charged a fee.
That's all fine. But that doesn't change the information in the OP. It's sort of like seeing a new thread about an AA benefit going away, and responding well just fly a different carrier and you won't have this problem.
Originally Posted by
GatorAir
People still use BoA for their personal banking? The online brokerages have cash management accounts that nearly mimic checking and will actually reimburse ATM fees worldwide. Mind boggling how people are not taking advantage of this.
Same as above. I have Schwab accounts and BoA accounts (and a number of others). Even though I have a Schwab account, I am still interested in changes to terms on my other accounts. Mind boggling how you don't understand people have multiple accounts to take advantage of multiple benefits.
rwoman, this was news to me. Thanks for posting it.