We normally get cash from ATMs as we need it, but need to arrive Rome with a fairly large amount of euro..
Dec 21st, 2006, 07:48 AM
#62
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Whoa. Where did you get the idea that BofA charges 3% for ATM withdrawals? That's what they charge on their credit cards for foreign purchases, but it is my impression that regular ATM withdrawals are only 1% from BofA, plus a fee of up to $5 if not from a partner bank. In fact, while there was supposedly a 1% charge on my withdrawals this summer, the rate seemed to always be 1% below the base that was used for my other credit cards on the same days, so it really came out NO charge.
But where did you get this 3% figure?
But where did you get this 3% figure?
Dec 21st, 2006, 08:30 AM
#64
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Ah. That explains why the information is wrong! Really! I have little doubt that he is confusing their credit card charges with the ATM charges.
Meanwhile I should have pointed out that the seemingly discounted exchange rate I got this summer on my ATM withdrawals might have been because I have an Advantage account with BofA and it may be a benefit. No one seems to know for sure, and I'm not about to create waves to find out why the withdrawals cost me NOTHING.
Meanwhile I should have pointed out that the seemingly discounted exchange rate I got this summer on my ATM withdrawals might have been because I have an Advantage account with BofA and it may be a benefit. No one seems to know for sure, and I'm not about to create waves to find out why the withdrawals cost me NOTHING.
Dec 21st, 2006, 08:40 AM
#65
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OK. I just got off the phone w/ BoA customer service. Here's what they told me:
Using my checkcard to withdraw from an ATM they would charge me a flat fee of $5.00 plus a 1% international transaction fee on the amount taken AND a 1% foreign currency conversion.
If I purchased something using my checkcard they would charge 3% transaction fee and a 1% foreign conversion fee.
Why does this have to be so darn confusing?
Using my checkcard to withdraw from an ATM they would charge me a flat fee of $5.00 plus a 1% international transaction fee on the amount taken AND a 1% foreign currency conversion.
If I purchased something using my checkcard they would charge 3% transaction fee and a 1% foreign conversion fee.
Why does this have to be so darn confusing?
Dec 21st, 2006, 08:48 AM
#66
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Interesting, then they've added another percent since this summer to the charges on ATM withdrawals.
And they've added a percent for a total of 4 on credit card transactions? I question if your person is still wrong, and they mean 1% from Visa plus 2% from them for a total of 3%.
And they've added a percent for a total of 4 on credit card transactions? I question if your person is still wrong, and they mean 1% from Visa plus 2% from them for a total of 3%.
Dec 21st, 2006, 09:37 AM
#68
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duh, sorry. Yea that whole 4% thing relates to "checkcard purchases" not credit card purchases. So in other words, they charge you a percent more to use your debit card (checkcard) for immediate withdrawal of funds from your account, than they do for using a credit card and "lending you the money" for free for 30 days or more. Something doesn't make sense. Ooops. Yea, I forgot -- we ARE talking about BofA.
