The End of ATM Fees?

We’ve written several times about ways to reduce or avoid foreign ATM fees, since ATMs are far and away the best way to get cash internationally. We don’t know if it could be a harbinger of things to come, but Charles Schwab Bank is touting a new High Yield Investor Checking Account. The account claims (currently) 4.25% APY interest, 1-cent minimum balance, and “all ATM fees automatically refunded, worldwide,” at any Visa ATM machine. If this sets a new precedent for on-line checking accounts, could it really be the death of ATM fees? We’re signing up today. Now, if some more credit card companies would begin killing their onerous foreign-exchange fees....