$20 withdrew from ATM-- $2.00 fee- crazy!

[princess momma]

Wow, this thread is OLD.

 

[Shadow Dancer]

There's no way I need to carry $200 cash around, so on the rare occasion I need to use the ATM I will use the closest one. I'm not driving out of my way to save $2. My time is worth more than that.

I do not pay $100's per year in ATM fees. It's pretty simple to get a little cash back at the grocery store or gas station without paying a fee, and most people don't carry a lot of cash anymore.

I find it more than a little strange that someone would be rifling through other peoples receipts.

The OP was basically a troll - who kept coming back several times, under different names: Questioner, etc. and posting these kinds of threads.

 

[LuvCuteBoys]

Huh.
Curious.

 

[ericamanda01]

How on earth did you find a thread that is over 4 years old? And it's your first post, too.

Interesting indeed~

I used one once at a bar and wasn't paying attention (thanks to some yummy drinks) and looked at the receipt and the fee was $10! I was shocked!

 

[mom2kazkids]

my checking account at the credit union that I go to, reimburses me at the end of the month for ATM fees that I am charged. So basically what ever ATM I use is fee free

 

[SandrA9810]

My credit union allows for ATM withdrawl fees to be reversed up to 20$ in one month, but no more than 2$ per transaction. So if it's 2.50, i only pay 50 cents.

So the people you see using the ATM's a lot are probably with a bank that does something like that.

I don't get cash very often, but I can use the banks at Disney (partner's) ATM without penalty, and can deposit checks with the money instantly available. I can also use publix ATM without a fee and there's a "sister" credit union down the way from my house, a little further than I'd like to drive, but I go there if I need to do a deposit.
I like using the cash back at publix because you can select other, and only get as much as you want from 1$ to 75$. 7-11 also allows for 5$ or 10$ cash back. I hate pulling 20's unless I need like 100 for the electric bill.

 

[kristen821]

I personally don't like taking out a lot of money, because I end up nickel and diming it away. Sometimes the $2 easier then driving to your bank.

 

[JR6ooo4]

How on earth did you find a thread that is over 4 years old? And it's your first post, too.

Maybe FeFeMJ is on the "pay per new thread" plan and did not want the fees?

Mikeeee

 

[disneyfav4ever]

I usually only use my bank's ATM. The only time I don't is if I'm on a trip or something, and can't get to mine.

 

[shortbun]

Last week when we were on vacation we needed more cash. We went to a local ATM as our bank was not represented on the islands. I told my husband to take out the daily max because we'd be paying around $5 in fees and we needed to make it worthwhile, lol!
We ate in 3 restaurants that gave us 5% off for cash payments. That more than covered our fees. Haven't paid a fee in 12 years prior to that. Next year we'll take more cash to begin with.

 

[floridaminnie]

This is why I *LOVE* my bank. Actually, technically speaking, its a credit union. At any rate, no matter where I get my money, they will REFUND me any ATM surcharges that other banks charge me (up to $5 per month). Oh, and they have zero fees for anything... well, except NSF.

I think we have the same bank which I love I don't care about ATM crucharges then.

 

[Tiggerlover91]

I don't use ATMs. I'm a server, I don't need to.

 

[DawnCt1]

I can use any ATM and always be reimbursed by my bank. All they require is a minimum deposit in a joint savings/checking account.

 

[LuvCuteBoys]

We ate in 3 restaurants that gave us 5% off for cash payments.

That's a violation of their Visa/Mastercard agreement. I hate it when places do that because they know they're doing something wrong.

 

[Carly_Roach]

Banks are NOT non-profit organizations!! If you don't have an account at that particular bank, why should they provide a free service to you if they aren't getting anything out of it? Their shareholders probably wouldn't be real happy!

I agree that banks are a for-profit company. They don't produce anything except services. I think where a lot of people have problems is that these fees for services are spiralling out of control. A $3.00 fee to call their Customer Service Department? A fee to talk to a teller? Unbelievable.

I always find it odd that people complain about bank fees, but nobody would be angry if you walked into a grocery store and were expected to pay for the loaf of bread you walked out with.

People would be very angry if they had to pay a fee for the cashier to take their money and give them their change. And when you consider that an actual ATM electronic transaction costs the bank about .17 cents, yet you are charged $5.00 ($2.50 from your bank and $2.50 from the other bank) each time for the priviledge, it's enough to make anyone's blood boil.

I realize there are other costs in the ATM such as buying the machine itself, paper, maintenance, etc. However it was determined years ago that these costs would easily be offset by a $1.00 fee with money left over for profit. Banks have simply been taking advantage of the fact that people don't know just how cheap it is for banks to do business with each other and the FED, so they've been soaking their customers for years and their customers have gotten used to it.

Nice cash cow, eh?

If someone had to pay these exhorbitant fees THEN they found out their taxes (that should have been going for roads, hospitals, infrastructure, defense, etc) had to bail out these companies that have been getting a 1,470% profit on their fees for services, I can see why they'd be angry.

Your analogy of buying a loaf of bread doesn't fit. When you buy a tangible item, you get the tangible item. When you buy a service you're only getting someone else doing for you that which you'd probably do for yourself if you had the means to do so.

 

[Carly_Roach]

That's a violation of their Visa/Mastercard agreement. I hate it when places do that because they know they're doing something wrong.

Wrong again. Companies have been passing the cost of doing business onto the customer for decades now. The restaurant in the example is offering an alternative to their customers: cash or charge.

Businesses can run their business any way they see fit. If they want to give a discount to old ladies wearing red hats, or people wearing cowboy boots, or children under 10 eat free, or for customers paying in cash instead of credit cards, the business has a right to do that. This is still America after all.

At least it IS still the land of the free and home of the brave until banks put it into law that consumers not only have to use their services, but we have to pay their prices no matter what that price is. Then there will be three things that are certain: death, taxes and the cost of moving our money from our employer to the bank to ourselves.

BTW, I don't really care how old the thread is, the concept is still relevant. Perhaps more now than in 2005 because of all the bank failures and bailouts.

 

[C.Ann]

I don't typically "need" a lot of cash up here at the lake because I rarely go anywhere - LOL.. But, once a month I will take a lump sum of money out of my ATM just in case something happens and they go "down" when I do need cash..

 

[disney1990]

I have never paid a fee to withdraw money from an ATM. I only use our bank.

 

[TangaroaTiki]

We go out of our way to use our own bank, but sometimes it's just not feasible

 

[a*lil*bit*goofy]

Let me put it this way. I was at a place once, and wanted to pay debit. They said "sorry we only have the cash machine at the front"

It was higher than $2.00 fee, maybe $2.50 or $3? Because it was an 'independant' machine.

I walked out without the purchase, they lost the sale. When they saw I was leaving, they asked if I still wanted the cake (that's right! It was at a Dairy Queen) and I said sure, will you give a $___ (whatever the charge was) discount off of it?

The manager was SHOCKED that I would suggest that. She of course said no, and I of course went and purchased a cake almost next door.

I find those charges absurd. and unless I am in a situation where I really have no choice, I will avoid them.

Same with regular bank withdrawls. Granted I will not go out of my way~ I spend more than the fee to use the bank near by. LOL. But generally, I almost exclusively use the bank that belongs to the card. I pay enough banking fees as it is