ATM fees – Pennysaverblog

Banking

Be Smart When Using ATM Machines

Interested in learning an easy way to save a bit of extra cash each month? Break your habit of using other bank’s ATMs and use your own bank’s instead. If you are someone who likes to take out cash every payday, rather than going to the nearest ATM, why not look for one that you can use for free?

So many people pay so many fees to their banks in the name of convenience or perhaps ignorance. Some people just don’t realize that they are being dinged time after time with fees charged not only by their own bank, but also by the bank whose machines they keep using.

February 19, 2011

Banking

Avoid ATM Fees

ATM use can be costly if you aren’t careful. Before using an ATM, I would recommend first finding out how much the fees are going to be. Check with your financial institution (FI) to determine what fees they will charge you. Keep in mind that even if your FI doesn’t charge you, if you use another bank’s ATM the other bank will charge you! If you discover that you are being charged for ATM withdrawals, either make one large withdrawal instead of several smaller ones, or consider using your debit card or credit card instead of using cash to make purchases. You can also ask for cash back at local grocery stores and other retail stores. ATMs certainly are convenient, but make sure that you are not paying excessive fees when using them. Here are two questions to ask your FI:

1. Am I charged any fees if I use your ATM machines?

– for cash withdrawals?

-for transferring funds?

-for balance inquiries?

2. Do you charge me fees if I use another FI’s ATM machines? If so, how much?

May 20, 2009