8
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
euromannn
euromannn

SCHWAB has a serious problem with the ATM VISA fees as I was OVERCHARGED in Canada and after 2 weeks SCHWAB remains confused.

Recently I was in Canada where the VISA exchange rate was .723.
Canadian bank erroneously converted my Canadian withdrawal to US dollars…even though I withdrew Canadian money from ATM. SCHWAB could NOTY detect the HIDDEN fees even though I have a NO FOREIGN transition ATM card. Schwa did reimburse the ATM fees partially…….as there was a $3 Canadian ATM fee….but again the Canadian Bank CIBC converted into US dollars adding a 4% service fee.

CIBC ripped me off of 4% fee and SCHWAB was INCAPABLE of detecting it. SCHWAB reimbursed me the fees but WILL never KNOW how to PREVENT ATM overcharges!

Mark
Mark

Still worth the hard pull, IMO, even without the bonus. The checking account really is a standout. Besides refunded ATM fees, receiving wires is free (both domestic and international!), and sending them is much cheaper than with the big banks. Customer service is excellent, and their exchange rates when withdrawing money overseas in foreign currency can’t be beat. I love Charles Schwab, and I can’t wait to see what product(s) they put out together with AmEx.

Ny
Ny

+1 on the forex fees.

David
David

Incoming wires: Domestic wires only (Schwab Bank does not accept wires in foreign
currency or from banks outside the U.S. and its territories).

Direct quote from https://www.schwab.com/public/file/P-6425867/HYIC_features_and_fees_public_SLS77378_FINAL.pdf

Mark
Mark

All the incoming international wires have been free for me thus far, and I get 2-3 per month for work. Outgoing aren’t free, but the fee is considerably smaller than the big banks.

Will
Will

I can confirm the referrer does not get anything.