Bank of America ATM customers

[beachreader]

So I finally got around to calling BoA to ask them about the fees at the ATMs down there. Last March I got hit by big ones and it really bugged me because I'd always used ATMs to get the best conversion rates.

They can't be specific as to locations, but said that they're affiliated with BanaMex and BanComer (and Santander Serafin and some other ones I hadn't heard of). I said, well, the ATM at BanComer last March charged me like $9 each trip.

She said that there will always be a 3% conversion fee, which stinks but I think still gives a good rate overall, but that the $5 ATM fee should not apply to me. She said if I get hit with the $5 fee, I should just contact them when I get back and they'll refund it to me.

Which I thought was interesting. Oh, and I asked about the rumored Bank of America ATM that I'd heard was in the Centro Maya mall up in PDC, she looked in her system and said she couldn't find a single actual BoA ATM in Mexico. Only affiliated banks.

Not sure if this is helpful to anyone, just thought I'd put it out there for what it's worth. I'm still going to use ATMs for my cash needs.

[AdGuy]

She said that there will always be a 3% conversion fee, which stinks but I think still gives a good rate overall.


W:eek:W! A 3% convenience fee...so, I pull out $800 over the course of my trip and they pop me for nearly $25??? I should have listened to my high school career teacher and gone into banking!! :rolleyes:

[minniemex]

W:eek:W! A 3% convenience fee...so, I pull out $800 over the course of my trip and they pop me for nearly $25??? I should have listened to my high school career teacher and gone into banking!! :rolleyes:

Conversion fee Lee, settle down!! And never listen to a high school teacher!!

[AdGuy]

Conversion fee Lee, settle down!!

Convenience...conversion...whatever. Doesn't it still mean they ding you for three percent of YOUR money?

[beachreader]

Don't they charge fees to convert money at exchange places? How much are those?

[minniemex]

I did find that one of our cards charged a fee and another did not. The larger bank did and our little local bank did not. You might want to check into a smaller non larger IE not USBank, Wells Fargo, BoA banks and see if that will work better.

[beachreader]

The smaller bank card didn't charge any fee at all, not even a conversion fee? That would be nice. I wonder if we even have any small banks around here anymore?

[PhyllisB]

We used ATMs for the first time on our trip. Washington Mutual charged 1% fee, and we didn't get hit with any other fees. We used the HSBC Bank atm on the east side of 307.

It worked really well - I was really anxious until we actually used it (wasn't positive it would work!) but it did, and now I'm an ATM convert!