Banks have been adding 2-3% over & above their regular foreign exchange rates on their credit card transactions for many years. Many, now including my bank, have now more recently added this 'premium' to their debit card transactions as well. These 'fees' won't appear on your bank or credit card, they will just be part of the exchange rate used.
Banks may have reciprocal agreements with other banks with regard to the waiving of the ATM flat $2-5 fee, but I am certain that the hidden 2-3% premium on the rate would remain.
