Originally Posted by
Happy
That is not true in my experiences in the past. I did see separate ATM fee listed a couple years ago. I did not see separate ATM fee listed last year for withdrawal made in ICN, however as you said, Schwab was able to ferret it out and reimburse it at end of month.
However on this particular Turkey withdrawal, the converted USD does not seem to include the $4 ATM fee because the exchange rate used is as close to the historical rate as within 0.02% at USD 1 = 2.6 TY. $4 on a 100 TY withdrawal would amount to 10% increase in exchange rate calculation, but it is not the rate used. Hence I believe the $4 is not included in the $ amount shown withdrew.
I have been using Schwab for only a year so I admit I can't say for years back. But I believe included or not is determined by the specific ATMs. It's them who decide whether the fees are included in the transaction or run as separate ones.
All my withdraws last year in Australia, New Zealand, Korea, USA, Vietnam, and China include the fees in the transactions themselves.
If you don't see the ATM fee listed separately, it's quite weird since I don't think the ATM would give up the fee itself... Sometimes postings on Debit Cards can be delayed for days (my Australia Tax Refund took a week to post).