4 ms·

"Oh wait, that's not my bank's ATM. I don't want to be charged a $4 fee. Oh well, I'll get you next time." ATM's are not a good solution. I don't want to pay $2

"Oh wait, that's not my bank's ATM. I don't want to be charged a $4 fee. Oh well, I'll get you next time." ATM's are not a good solution. I don't want to pay $24 to give someone $20 because of ATM fees. Or wait in a long line (assuming you are at a busy location/area) to get the money.

andrepd 12y ago
Wait, there's a fee to withdraw money from ATMs? Never heard of such a thing.
- fragmede 12y ago
  It is pretty much the default in the United States, but Wikipedia seems to say it exists around the world. https://en.wikipedia.org/wiki/ATM_usage_fees https://en.wikipedia.org/wiki/ATM_usage_fees
- wongarsu 12y ago
  I hear it's pretty common in the US. I guess it has to do with the question who operates the ATM. In Germany it exists too if you use an ATM from a bank that's not partnering with your bank (which is ~50% of all ATMs and straightforward to figure out).
- sp332 12y ago
  It depends on a lot of things. Some banks charge to withdraw from other banks' accounts. Some banks join "networks" and don't charge for others in the same network. Some ATMs are set up inside stores, and they charge money that goes to the store instead of a bank.
walterbell 12y ago
There are banks that refund ATM fees.
r00fus 12y ago
Or - here's this "checkbook" thing I have sitting in my bag, I'll write you a $20 check, and you open up your banking app and deposit it immediately, and keep the paper check just for a receipt.
- spydum 12y ago
  People walk around with checks? I cringe on the rare occasions I have to write one to the local water utility (they refuse to provide any recurring payment solution - I suspect because low margins, and they like the late payment fees).
matwood 12y ago
Why is anyone still paying ATM fees??? Change to a bank that refunds the fee.
- hackmiester 12y ago
  Ah, yes, instead of using Square Cash, I'll just have all my friends change banks! ;)

andrepd 12y ago

Wait, there's a fee to withdraw money from ATMs? Never heard of such a thing.

fragmede 12y ago
It is pretty much the default in the United States, but Wikipedia seems to say it exists around the world. https://en.wikipedia.org/wiki/ATM_usage_fees https://en.wikipedia.org/wiki/ATM_usage_fees
wongarsu 12y ago
I hear it's pretty common in the US. I guess it has to do with the question who operates the ATM. In Germany it exists too if you use an ATM from a bank that's not partnering with your bank (which is ~50% of all ATMs and straightforward to figure out).
sp332 12y ago
It depends on a lot of things. Some banks charge to withdraw from other banks' accounts. Some banks join "networks" and don't charge for others in the same network. Some ATMs are set up inside stores, and they charge money that goes to the store instead of a bank.

walterbell 12y ago

There are banks that refund ATM fees.

r00fus 12y ago

Or - here's this "checkbook" thing I have sitting in my bag, I'll write you a $20 check, and you open up your banking app and deposit it immediately, and keep the paper check just for a receipt.

spydum 12y ago
People walk around with checks? I cringe on the rare occasions I have to write one to the local water utility (they refuse to provide any recurring payment solution - I suspect because low margins, and they like the late payment fees).

matwood 12y ago

Why is anyone still paying ATM fees??? Change to a bank that refunds the fee.

hackmiester 12y ago
Ah, yes, instead of using Square Cash, I'll just have all my friends change banks! ;)