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You should check if your bank is in the Global ATM Alliance (http://en.wikipedia.org/wiki/Global_ATM_Alliance).

If I withdraw money from a Barclays ATM in London (or Deutsche Bank in Berlin, etc) using my BofA ATM card, I don't seem to have an extra charges.

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This is true. It led to some bizarre situations though: my partner, wanting to transfer money from her American BofA account to her British Barclays one, would've had to pay a fee to do so directly. But walking two paces to the ATM machine, taking the money out as cash, and then depositing the cash and you can avoid fees. Always seemed weird to me.

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