Originally Posted by
teenwah
I made the changes, but I have changed it back to before. With three different answers from three bofa reps, I am GUESSING the most logical is the 3% for credit/debit/pos sales, and 1% for atm withdrawals (plus $5 international atm fee for non bofa and non global alliance atm's).
I can confirm Bank of America's policies here.
They run that network of ATMs (I'll call them In-Network) that include Barclays, BNP Paribas, Westpac, etc. Using In-Network ATMs, you pay no per-transaction fee and overall 1% over interbank rate for cash. This is a pretty decent deal.
For Out-of-Network ATMs, you'll pay the USD $5 on each transaction and a fee of at least 1% (it's seemed higher in some cases for some reason). Note that despite the email below, the % fee is not broken out but included as a single line item for the transaction (though the $5 fee is a separate line item).