Quote:
Originally Posted by cohbull
What kind of hit are you taking with the exchange rates? Don't they make you convert USD to AUSD and then back before you can withdrawal?
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There isn't any difference in the exchange rates. That's correct that it changes to AUD to move to the ATM card, but when you go to the ATM, it converts it back at the current rate. I guess if you left the money in the account for a while, then I could see how to amount could fluctuate to the exchange rate, but I am moving the money to the ATM card and withdrawing withing 30 minutes of each other.
The only then I have noticed though, is there are a couple of fees that they charge.
1) They charge like a $1.50 to convert from USD to AUD
2) They charge like $2.00 to withdrawl the money from the ATM
3) BofA charges me $3.00 for withdrawling the money
4) Out of nowhere I was charged $5.00 for a monthy maintence fee.
I think this is still a lot better then waiting 3 to 4 weeks for my cash, and I believe it is a lot cheaper then what most places charge to do a payout.