5 ms·
Cost. If I bank with a large bank I can use their network of ATMs for free. With a smaller bank I can't withdraw anywhere other than my branch without incurring
by teamonkey 13y ago
Cost. If I bank with a large bank I can use their network of ATMs for free. With a smaller bank I can't withdraw anywhere other than my branch without incurring a ridiculous $3-$5 charge.
- eriksank 13y agoI'd rather pay a well-known, well-understood charge for using the ATM than get charged secretly deeply hidden inside some kind of other fee. The people running these ATM's don't do that for free. How would it be possible that I could use their service for free? When I withdraw cash for free at an ATM, I feel more suspicious and more cheated than when they would charge me 50 cents for drawing 50 dollars or so.
- sparky 13y agoMany credit unions are part of a large co-op with lots of no-fee ATMs all over the place ( http://co-opatm.org/ http://co-opatm.org/ ). You can also deposit checks/cash at many of these ATMs. They may not be on every street corner like major banks are in some cities, but chances are there's one near you. Some of those credit unions will also reimburse all your ATM fees if you use your debit card a certain amount (for mine, it's 12 transactions per month).
- a3n 13y agoYes, credit unions are an excellent middle ground between mega banks and local small branch banks. Just use one that's part of a co-op and most people won't have any problem at all. YMMV.
- rdtsc 13y agoSome banks/credit unions/other places that offer checking accounts with bank cards will sometimes refund ATM fees.
- nowarninglabel 13y agoMy credit union, asides from having 20,000 fee-free ATM's across the U.S. just from other credit unions, has free withdrawals at Walgreen's and 7-11. I travel the U.S. quite a bit and haven't had to pay a fee yet. Might want to look into it.