The account that I recommend everyone acquire is the Schwab Bank High Yield Investor Checking account, which refunds any ATM fees worldwide. There are no monthly service fees or account balance minimums so I often keep $0 in my account unless I am actively using ATMs. Of course, Schwab is a perfectly reputable institution so it could serve as one's primary bank.
The interest rate is 0.15% APY so that is a non-benefit. Sign-up of the checking account also gets you a Schwab One brokerage account, which also has no fees or minimums to maintain. I have never used the brokerage portion of my dual-accounts.
While in São Paulo in March 2012, I withdrew an amount that was close to the ATM maximum but was dinged a fee that worked out to 1.7%. Schwab automatically refunded that fee eight days later.
I never use U.S. ATMs, and I have used international ATMs only twice in the past 12 months, but I still enjoyed not having had to pay the corresponding $16.34 in fees.
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