Many customers living or frequently traveling abroad specifically opened a Bank of America account because of the Global Alliance. When accessing an ATM within the network, ATM fees are waved and until this change no additional fees were incurred. ATM withdrawals already process the currency-conversion at current market rates, thus imposing an additional fee for converting the funds is double charging the customer. Furthermore, it is circumventing the Global Alliance which was established to facilitate ease of transations within the network. Adding an "international transaction fee" neutralizes the benefits of using a member bank and has made a significant impact on customer's available funds and will result in significant client loss for the bank.