What is the difference between an ATM transaction fee and an ATM surcharge or convenience fee?
A. Bank of America charges ATM withdrawal transaction fees for using the debit card at ATMs outside the Bank of America ATM network. You are allowed two free (no transaction fee) domestic withdrawals per month at non-Bank of America ATMs. There will be a fee of $1.00 for each additional withdrawal at ATMs outside the Bank of America network. A surcharge or convenience fee is a fee imposed by the owner of the ATM if it is not a Bank of America ATM. Most ATM owners outside the Bank of America network will charge a fee for the use of their machine. These fees will vary but are displayed prior to you accepting or agreeing to the transaction. You can cancel your transaction before incurring any additional fees. You should always read all ATM messages carefully.
