I was using it in June and July in China. Here is what my statement shows: It shows $154.68 for the withdraw 1000RMB in June (I had over $5000 balance in the account at the time). It shows $387.39 for 2500RMB in July, by which time I had less than $5000 in the account. So it does not seem to charge $1 fee even if the account balance is less than $5000. I also asked the BOA before I left for China. They told me there are no fees. You can withdraw a 1000RMB per time and up to 5000RMB per day.It works even in very small counties, which is amazing.