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Santander or Banamex

by Sunlight Dancer @, Friday, January 24, 2014, 00:13 (4604 days ago) @ midalake

We always used Santander to avoid ATM fees until my bank, BOA, slapped on the 3% foreign transaction fee in November. That's 3% on the USD conversion, or about a $12 hit on 5,000 pesos. I just opened an online checking account with Charles Schwab. There's no minimum balance and they rebate every ATM or transaction fee at the end of the month. It was easy to do since I have an existing account, but even if you don't have a Schwab account it is not a big deal to set it up. We'll have the new ATM card next week for the upcoming trip. BOA can shove its 3% extortion racket!


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