How do Charles Schwab and Fidelity refund international ATM fees?

Both Charles Schwab Bank (Investor Checking) and Fidelity Investments (Cash Management Account) refund 100% of out-of-network ATM surcharges globally. When you use your debit card at an ATM that charges a fee (for example, a $5 casino ATM or a €4 bank ATM in Europe), the ATM operator tacks that fee onto your withdrawal. Fidelity automatically credits the reimbursed fee back to your cash account the exact same day the transaction settles, while Charles Schwab tallies all domestic and international ATM surcharges and deposits a lump-sum credit into your account on the final business day of your monthly statement cycle. Furthermore, both institutions pass through the wholesale Visa/Mastercard exchange rate with zero foreign transaction markup.