Europe Forums

Start a new topic Change Forum
Advanced search

Bank of America's new ATM "International Transaction Fee"

Jump to last reply

I hadn't used the ATM card on my Bank of America personal account since this past spring, but in checking the account statement from July, noticed a new "International Transaction Fee" of 1%, on top of the $5/transaction, for a cash withdrawal using a debit card at an ATM in Spain, the same as they charge when using your credit card When I called the bank, they said that the terms and conditions had changed in September 2010. When asked, they said that it was a charge for transferring funds from my US Dollar account to Euros. If I wanted to save on the ITF, then I should consider buying Euros from the bank before we head to Europe. Really? Are these people nuts? Or is this just another ripoff scheme by Bank of America, because they really need the money?

It's also strange in that the international transaction fee does not appear on any of the withdrawals when I use my B of A business debit card. Next thing you know they'll be using the DCC so you know how much money you're loosing when dealing with the bank.

I't also another reason to transfer all of my accounts to some other bank. Anyone have any good ideas?

19 Replies |Back to top

| Add a Reply

Sign in to comment.

Recent Activity

  • Announcement:
  • Fodor's 100 Hotel Award Winners Announced
    by Emily_D Fodor's Editor | Posted on Sep 17, 14 at 01:05 PM
View all Europe activity »
  1. 1 1 week Tuscany in November
  2. 2 Scotland Votes "No"
  3. 3 Gift for French business associate
  4. 4 help- newbies to international travel- Italy logistics
  5. 5 Help with logistics of 2 days on the Rhine
  6. 6 Planning 18 day euro trip HELP
  7. 7 Looking for Suggestions - 12 Day Agenda for Greece
  8. 8 4-5 Days in Switzerland before Paris? Is Berne the place to go?
  9. 9 Help please! Value lodging in Italy
  10. 10 Rheinland-Pfalz Day Pass & Rhine Cruise
  11. 11 Trip Report Spain (Practical) Trip Report
  12. 12 2 weeks on Lake Maggiore
  13. 13 Hvar Town or Stari Grad
  14. 14 Gtg San Antonio
  15. 15 10 Days in France/No. Spain starting tomorrow
  16. 16 Airbnb scam
  17. 17 paris apartment opinion airbnb
  18. 18 Family of 4 considering living abroad for 1 or 2 years. Advice?
  19. 19 lauterbrunnen-wengen 4 days
  20. 20 venice, the dolomites, and the italian lakes - in 1 week
  21. 21 Italy trip advice
  22. 22 US looking into preclearance at European airports
  23. 23 Are you following Scotland's upcoming vote on independence?
  24. 24 Trip Report Italy Trip: Another Scrap With Friction
  25. 25 Advice for 6 nights 7 Days in Switzerland
View next 25 » Back to the top