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Capital One Bank will charge for overseas ATMs or any non-Cap One ATM

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I have posted this in the lounge but I'm posting it here also.

Last year we moved our bank accounts to Cap One partly because of the free ATM use at any machine. Since then I have used ATMs at various locations and Cap One has always reimbursed my ATM fees.

Just today I received a letter from Cap One saying that effective May 22 they will start charging $2 for foreign withdrawals or for using a non Cap One ATM. It's not a huge charge but I'm posting this as an FYI as so many Fodorites recommend Cap One to avoid fees. Of course ATM use will still be free at a Cap One ATM.

As far as I know Cap One credit cards can still be used with no fee. If anyone has heard otherwise please advise.

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