Originally Posted by
moondog
Another nice feature about Schwab is the $1000 per day daily withdrawal limit that can be raised (as high as you want it (though I've always been loath to go too high) for 24 hour periods with a quick phone call. While this might seem like a trivial matter, ICBC and CMB CDMs are surprisingly inconveniently located in Beijing and Shanghai, so I try to keep my visits to a minimum.
So you can use any ATM with Visa logo in China to get RMB out? Then the US $ is taken out from your Schwab checking, no ATM fees both sides and no foreign transaction fees?
My BofA account has no ATM fees and gives unlimited ATM fee refunds from other bank. But it is only is US, not worldwide.