Originally Posted by Happy
You obviously have not had any foreign ATM withdrawal lately or not wonder to other boards on the net beside this site. Go to Cruisecritic site and do a search, you will find enough posts about people found this out when they received their statements for recent withdrawals outside U.S.
Rojo posted a link of Scotiabank - follow that, you will see Scotiabank actually started charging 2.5% (on top of the 1%) since April of 2004 !
Why dont you call your bank, or Chase, or BofA to verify it yourself ? You dont need to be their customers to call. Matter of factly, I was arguing with 2 other people about Chase, and recommend BofA to them based on my experience as late as this past May ... then I called myself and got the bad news.
Also, come with this month's statement, there is a little insert informing the information posted here.
The topic of this thread is Major Changes June 1, 2005. Other than LittleLeagueMom, no one has posted hard evidence of such changes for any major programs.
Why would I call Chase, BofA or anyone else I don't do business with? They have millions of customers and if their rules changed, I bet we'd read it here on FT within a few hours. That is if there were really changes and not just mistakes and specualtion by CSRs.
There have always been small ATM fees for overseas withdrawals. Some US banks credit back those fees, many do not. All of the fees I have seen have been buried in the net exchange rate, although there may be banks that list them seperately.
So back to my point-who else has hard evidence of a percentage mark-up (over and above fees) on foreign ATM withdrawals through a major bank?