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Exactly...and they (meaning banks in general) always seem to have the money to keep building those expensive branches on every corner! Even though people rarely ever go to the bank anymore...and they are brick with marble, granite...very expensive to build. Just say "no"!
Interesting to read, but I think I have used an ATM twice in my life... I just don't see the need, there are so many banks nowadays and with credit and debit cards... where are people spending all this cash? I haven't had more then $10 on me in more then 3 years. Maybe it's just my generation (millennial), but we grew up with debit/credit cards, and I've never carried much cash. All cash gets deposited into bank accounts, and change go to the jar for future deposits.
There is a very strange underlying attitude at work with the OP of this thread, namely that there is something wrong with banks charging a fee for the use of their ATM's by non-customers. Why would a non-customer expect to use some other bank's ATM's without paying a fee? Don't want to pay a fee? Fine, just use the ATM's of your own bank or your own network. Banks pay money for their machines, which are provided for their customers. What is so difficult about understanding that concept?
Interesting to read, but I think I have used an ATM twice in my life... I just don't see the need, there are so many banks nowadays and with credit and debit cards... where are people spending all this cash? I haven't had more then $10 on me in more then 3 years. Maybe it's just my generation (millennial), but we grew up with debit/credit cards, and I've never carried much cash. All cash gets deposited into bank accounts, and change go to the jar for future deposits.
They are spending it at gas stations, grocery stores, restaurants, Home Depot, and countless other retail establishments. News flash! Not everyone is like you, and not everyone shares your preferences. Amazing, isn't it? You have a system which works for you, and other people have different systems which work for them.
They are spending it at gas stations, grocery stores, restaurants, Home Depot, and countless other retail establishments. News flash! Not everyone is like you, and not everyone shares your preferences. Amazing, isn't it? You have a system which works for you, and other people have different systems which work for them.
I think you were referring to unsubstantiated rumor that Chase has plans to charge any undisclosed fee amounts, but just in case you meant the refunding of ATM fees by Fidelity, please know that my monthly statement confirms it. Fidelity Cash Management Account refunds ATM fees.
I use TD Bank, they refund all ATM transaction fees charged by other banks up to 11 fees per month. Pretty awesome- I just get cash anywhere I see an ATM regardless of the fee then I get a credit at the end of the month for the fees.
Bank of America now allows you to conduct cash over drafts at the ATM now. Around 6 months ago I went to withdraw $20 cash but entered an extra 0 for $200. I had around $160 in my checking at the time so the atm said something to the tune of "this I'll be an overdraft transaction subject to additional fees. Press yes to continue".
They've been doing this since the '90's, at least in my area. It's kind of a mystery to me how some customers will willingly overdraw their account and take a $40 or whatever hit but to each his own.
Not sure I understand the angst. ATM fees are one of the easiest bank fees to avoid. I for one, like to carry cash unlike many of my friends my age because growing up, my mother had this, dont leave home without cash in case of emergency and you cant use cards so i typically have at least $100 in my wallet and since i rarely use cash, it could last for months. I get money from my bank's drive through ATM if I'm ever around there and or if i need to replenish, I get cash back from the grocery store by paying with a debit card (typically only use credit except for this reason). Easy enough to do!
Chase and Wells Fargo, were the 1st 2 majors that started to charge $3 for ATM (if you're not a customer of theirs), surcharges. To the point now, that most ATM's have that for a standard, when it used to be 2 as recently as 4 years ago.
Well, now Chase, apparently, is saying that you will be charged a fee, but they won't say the amount. They probably caught on that enough people were not using their ATM's thanks to the 3 dollar fee, so this is their way now of entrapping people, who don't use their's that often, to withdraw and get their additional 3 dollars this way (after the person says holy bleep).
How is this possible? When was this written in to some law, that says they don't have to tell you what the fee is before you actually withdraw the money?
Who cares? You bank with someone else and you're using another atm and upset about a charge? Consider not banking with them in the first place then.
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