Originally Posted by Viajero Perpetuo
My experience also in Chile and Argentina.
TO RECAP, IME: I use my USA Citibank ATM card once or twice a month down here.
(1) There is no per use ATM fee charged by Citibank or the other banks no matter whose ATM machine one uses.
(2) Exchange rate is the same no matter whose ATM machine one uses and is usually a little better than 1% of the real time xe.com quote. This charge is bundled into the withdrawal total that shows up on your statement.
(3) The new "FOREIGN FEE" is a separate line item in your statement that is exactly 1% of the USD total of the withdrawal charge.
All of that true of Brazil too. But there is a wrinkle: the total USD withdrawal amount printed by the ATM is broken into two components on the statement, so that a total printed withdrawal of $99.99 shows up as a withdrawal of $99.00 plus a foreign fee of $0.99. I really don't know if this foreign fee is new or if it was always there, but was formerly bundled together with the withdrawal total.