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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
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The party's over, DUMP B of A
Bank of America just sent us some unwelcome news. They will be instituting a number of new fees starting on Nov. 2, 2013. The one that may be of
most interest is a 3% " International Transaction Fee". This will apply to any purchases as well as any ATM cash withdrawls. An additional fee of $5
will be charged for not using an "International Partner ATM". For what it is worth we have called B of A and registered our protest. We urge you to
do likewise. We will be ending our relationship with B of A after 25+ yrs. We have already opened an account with Charles Schwab bank. They do not
charge any "foreign transaction" fees and reemburse any ATM fees. Saludos!
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bajajudy
Elite Nomad
Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
Member Is Offline
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First Republic also charges no fees and reimburses any ATM fees charged.
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LaTijereta
Super Nomad
Posts: 1192
Registered: 8-27-2003
Location: Loreto
Member Is Offline
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FYI..I use B of A "Travel Rewards" card, and there are no international transaction fees with it's use...It also has no annual card fees..
Now will look into a new ATM card to partner with..
Democracy is like two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.
Ben Franklin (1759)
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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BofA
Excerpted from wikipedia with my added sarcastic comments.
The Bank of Italy founded in 1904 by Amadeo Giannini was originally started to provide loans to immigrants and working class people. In 1928 the Bank
of Italy merged with the Bank of America, took on the Bank of America name and remained under the leadership of Giannini.
In 1998 Bank of America merged with NationsBank of Charlotte, North Carolina. While NationsBank was the nominal survivor, the merged bank took the
Bank of America name.
Giannini died in 1949, and so did the Bank of Italy/Bank of America service to it's customers.........
Seems like Bank of America has forgotten it's roots.
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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
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Re: Santander bank. It is a partner bank and no $5 fee will be charged for using their ATM - BUT! you will incur a 3% int'l transaction fee. Not
acceptable IMHO.
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
Member Is Offline
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ratz! do you suppose this will effect in bank transfers?? (the way I pay my rent) 
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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Citi bank has always charged a 3% fee for international purchases. Cost me $360 for my 3 day hospital stay in Canada since the only way I could get
discharged was to put the whole $12k on my Citi bank Visa card 
[Edited on 9-18-2013 by durrelllrobert]
[Edited on 9-18-2013 by durrelllrobert]
Bob Durrell
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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Southwest Airlines VISA card has no international transaction fees, and you build points towards air travel.
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bajario
Nomad
Posts: 260
Registered: 1-7-2008
Location: Cardiff
Member Is Offline
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I believe Poco Cielo in La Mision charged me a 6% fee for using a Visa Debit card.
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bajagrouper
Senior Nomad
Posts: 964
Registered: 8-28-2003
Location: Rincon de Guayabitos, Nayarit, Mexico
Member Is Offline
Mood: happy and retired
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| Quote: | Originally posted by durrelllrobert
Citi bank has always charged a 3% fee for international purchases. Cost me $360 for my 3 day hospital stay in Canada since the only way I could get
discharged was to put the whole $12k on my Citi bank Visa card
[Edited on 9-18-2013 by durrelllrobert]
[Edited on 9-18-2013 by durrelllrobert] |
I have a Citi bank ATM card and use it in Mexico 6 months a year,I can withdrawal $26000.00Pesos a day without any fees or international fees.....also
have Schwab Bank Card with fee reimbursement monthly......
I hear the whales song
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micah202
Super Nomad
Posts: 1615
Registered: 1-19-2011
Location: vancouver,BC
Member Is Offline
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...yeh,,it's definitely buyer beware out there1
...my bank recently added some new terms that I didn't notice until I saw the statement....-each- time my account crosses the line into the line of
credit,,they charge $5!!,,,that made an extra $40 for them ...but lost an account!
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aguachico
Senior Nomad
Posts: 602
Registered: 3-23-2007
Location: tijuana
Member Is Offline
Mood: logic cannot get thru to the illogical
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UBOC no charge and fee reimbursement, but now that you mention it - last weekends transactions don't show the reimbursement. hmm
no worries gotta Banamex card. Deposit dollars, use pesos.
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Bajajorge
Ultra Nomad
Posts: 2604
Registered: 10-13-2005
Location: Topaz Lake, NV/San Felipe
Member Is Offline
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My Credit Union ATM card gets a $2.00 fee for a Baja withdrawal, that plus whatever the Bancomer or Banomex charges.
Last winter Bancomer was the expensive bank, Banomex was much cheaper when making ATM Peso withdrawals.
What happens this winter with those banks remains to be seen. They're the only ones available in San Felipe.
Why do Liberals insist and demand that achievers pay the way for nonachievers who are to lazy to succeed, or are just failures by their own choice?
Criminals prefer unarmed victims, dictators prefer unarmed subjects.
Why do ignorant people continue their blabbering when it only proves to others how stupid they are.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: | Originally posted by bajagrouper
| Quote: | Originally posted by durrelllrobert
Citi bank has always charged a 3% fee for international purchases. Cost me $360 for my 3 day hospital stay in Canada since the only way I could get
discharged was to put the whole $12k on my Citi bank Visa card
[Edited on 9-18-2013 by durrelllrobert]
[Edited on 9-18-2013 by durrelllrobert] |
I have a Citi bank ATM card and use it in Mexico 6 months a year,I can withdrawal $26000.00Pesos a day without any fees or international fees.....also
have Schwab Bank Card with fee reimbursement monthly...... |
I was talking about using it as a charge card; not a debit card.
Bob Durrell
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willardguy
Elite Nomad
Posts: 6451
Registered: 9-19-2009
Member Is Offline
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| Quote: | Originally posted by durrelllrobert
| Quote: | Originally posted by bajagrouper
| Quote: | Originally posted by durrelllrobert
Citi bank has always charged a 3% fee for international purchases. Cost me $360 for my 3 day hospital stay in Canada since the only way I could get
discharged was to put the whole $12k on my Citi bank Visa card
[Edited on 9-18-2013 by durrelllrobert]
[Edited on 9-18-2013 by durrelllrobert] |
I have a Citi bank ATM card and use it in Mexico 6 months a year,I can withdrawal $26000.00Pesos a day without any fees or international fees.....also
have Schwab Bank Card with fee reimbursement monthly...... |
I was talking about using it as a charge card; not a debit card. |
hmmm, I left citi bank two years ago for
BofA because of their debit card fees. (international and atm fees) guess next trip norte i'll have a visit with them.
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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
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| Quote: | Originally posted by willardguy
ratz! do you suppose this will effect in bank transfers?? (the way I pay my rent) |
One of the new "fees" is a $15 charge on wire transfers so I assume your rent just went up
by that amount.
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DavidE
Ultra Nomad
Posts: 3814
Registered: 12-1-2003
Location: Baja California México
Member Is Offline
Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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NOT A JOKE
In 2008 in an interview the daughter of Giannini quipped, "If my father were alive today and he saw how much "they" screwed up his bank, those people
would be going on a one-way boat ride".
A Lot To See And A Lot To Do
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Jack Swords
Super Nomad
Posts: 1095
Registered: 8-30-2002
Location: Nipomo, CA/La Paz, BCS
Member Is Offline
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Called Schwab this morning, drove up to office and opened account. Thanks.
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cliffh
Nomad
Posts: 325
Registered: 1-23-2010
Location: buena vista, BCS
Member Is Offline
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B of A
Just got off the phone with B of A, said there where no fee's if you use Santander, Will let you know in 2 weeks. Person said to call if I was charged
and the would reverse. Time will tell Cliff
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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USAA
For those of you veterans and veteran family members, check out USAA.
USAA ATM fees are a 1% fee charged by Master Card on International ATM's (however no fees charged by USAA). USAA also reimburses "non-partnered" ATM
fees.
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