Sister banks in Paris?
#21
Joined: Apr 2007
Posts: 3,179
Likes: 0
<i> I used a couple of years ago without fees.</i>
Very likely so; but B of A has changed their policy and now charge their customers more than any other US bank for foreign ATM use. From Bank of America´s website:
https://www.bankofamerica.com/deposi...aq-atm-fees.go
<i>Use your Bank of America ATM or debit card within the Global ATM Alliance to avoid the non-Bank of America usage fee for each withdrawal, transfer or balance inquiry,footnote1 as well as the ATM operator access fee. An international transaction fee of 3% will apply when converting your currency.footnote2</i>
Make any withdrawal in France from a bank other than BNP and Bank of America penalizes you an additional $5.
Further, unlike foreign transaction fees which must be shown on credit card statements, fees associated with ATM withdrawals, or debit card charges, are not line itemized on monthly statements. The fees are there, wrapped into the exchange rate information.
Very likely so; but B of A has changed their policy and now charge their customers more than any other US bank for foreign ATM use. From Bank of America´s website:
https://www.bankofamerica.com/deposi...aq-atm-fees.go
<i>Use your Bank of America ATM or debit card within the Global ATM Alliance to avoid the non-Bank of America usage fee for each withdrawal, transfer or balance inquiry,footnote1 as well as the ATM operator access fee. An international transaction fee of 3% will apply when converting your currency.footnote2</i>
Make any withdrawal in France from a bank other than BNP and Bank of America penalizes you an additional $5.
Further, unlike foreign transaction fees which must be shown on credit card statements, fees associated with ATM withdrawals, or debit card charges, are not line itemized on monthly statements. The fees are there, wrapped into the exchange rate information.
#22
Joined: Jan 2003
Posts: 10,605
Likes: 0
I worked for Wells Fargo a short few years, never heard mention of 'sister' or partner banks. Wells Fargo has global financial offices, but not necessarily consumer banks with ATMs. Here is their website description for using a WF Debit card at ATM overseas:
Can I use my debit card overseas?
Yes, you can use your debit card while traveling outside the United States. Call us at 1-800-TO-WELLS(1-800-869-3557) for assistance prior to traveling and refer to the following tips:
◾Use your debit card to get local currency internationally at more than 1.5 million Visa® and participating ATM networks. Visit the Visa global ATM network locator to view a list of ATMs that accept your card worldwide.
◾Most foreign ATMs require a four-digit Personal Identification Number (PIN). If your PIN doesn't meet this requirement, you can change it before you leave on your trip — just call 1-800-TO-WELLS(1-800-869-3557) or visit any Wells Fargo ATM or location.
◾Use your debit card to make purchases worldwide at participating retailers and service providers. When you present your card for payment, you will be asked to sign a sales slip rather than entering your PIN.
◾Wells Fargo will assess a $5 fee for ATM cash withdrawals made outside the United States and an International Purchase Transaction fee which is 3% of the transaction amount for each purchase made with your debit card in a foreign currency that has been converted into a U.S. dollar amount by a network.
Can I use my debit card overseas?
Yes, you can use your debit card while traveling outside the United States. Call us at 1-800-TO-WELLS(1-800-869-3557) for assistance prior to traveling and refer to the following tips:
◾Use your debit card to get local currency internationally at more than 1.5 million Visa® and participating ATM networks. Visit the Visa global ATM network locator to view a list of ATMs that accept your card worldwide.
◾Most foreign ATMs require a four-digit Personal Identification Number (PIN). If your PIN doesn't meet this requirement, you can change it before you leave on your trip — just call 1-800-TO-WELLS(1-800-869-3557) or visit any Wells Fargo ATM or location.
◾Use your debit card to make purchases worldwide at participating retailers and service providers. When you present your card for payment, you will be asked to sign a sales slip rather than entering your PIN.
◾Wells Fargo will assess a $5 fee for ATM cash withdrawals made outside the United States and an International Purchase Transaction fee which is 3% of the transaction amount for each purchase made with your debit card in a foreign currency that has been converted into a U.S. dollar amount by a network.
#23
Joined: Apr 2007
Posts: 3,179
Likes: 0
<i>Wells Fargo will assess a $5 fee for ATM cash withdrawals made outside the United States and an International Purchase Transaction fee which is 3%</i>
I have been wrong in stating that Bank of America fleeces their own customers with the highest foreign ATM fees of any bank in the USA. Apparently Bank of America is tied with Wells Fargo for that honor.
I have been wrong in stating that Bank of America fleeces their own customers with the highest foreign ATM fees of any bank in the USA. Apparently Bank of America is tied with Wells Fargo for that honor.
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bettyo70
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