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1/07/2009

I hate Atm fee's

Atm fee's!!! Banks have taken it to the limit, charging ATM fee's. A lot of people are just getting their own ATM's putting them on street corners all over the city. It is ridiculous! I went to the city this past weekend and noticed all on ninth ave from 50th down to 40th st there was an ATM on every corner of the street. That is because they are a whole lot cheaper than the banks and the expect you to use them. The truth is that you can not trust these ATM's because this is how some identity theft occurs. Scammers have found ways to hack these ATM's.



What has to be done as a consumer? You as a consumer need to find a bank that rebate's your ATM FEE's. Believe me there are banks and credit unions out there that have these special features. Avoid banks that charge you fee's for using other banks.



I had this bank account once where they use to charge me a fee for using another banks ATM. Then the other bank also charged a fee. That's ridiculous! That's 6 dollar, now! That's a lot of money to be giving away!



If you are an avid ATM abuser here are some figures to ponder on. If you use the ATM at least 3x's a week that is 9 dollars 9x's 52 = 468 dollar a year, WOW! Mucho Dinero to get your own money.



I am going to share a secret with you guys I DO NOT PAY ATM FEE's WHY? I found a bank that pays me my money back by the end of the day. Sometimes I forget and I go crazy because am not near my bank and I say "I do not want to pay ATM fee's that is why I want to go to my bank" Then my wife says to me "Don't you get that back?" then I start banging my head that's right. But that is just the way we are trained because of habit. A habit that "can" and I repeat it "can" be broken.



By the way that bank is called Webster Bank, if you guys are interested the customer service there is great. I usually go to the one in New Rochelle right down the block from New Roc.
Posted by Go Frugal Don't Stay Broke at 6:53 PM
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4 comments:

  1. San Cyber News1/8/09, 11:36 AM

    I agree with you on those ATM fees, they can add up at the end of the month. By the way, I have a Webster Bank account, what happens when you withdraw the money from other ATM machines, your Fee is withdrawn, but then is put back into your account as a credit for whatever that fee was. For me, is a win win situation, like you say, we all need to break habits, specially those that can save us money!
    Thanks for the info.

    Marvin
    http://sancyberinternational.blogspot.com/

    ReplyDelete
  2. Franklin1/11/09, 7:59 PM

    That's fantastic, you guys are being smart; taking advantage of atm rebates! wish all the banks were like this, now more than ever banks are increasing their atm fees to non customers to get back some revenue lost during the sub prime debacle. Way to go!

    ReplyDelete
  3. OPechanga1/14/09, 10:53 AM

    I am a former tribal member of Pechanga of Temecula, CA. They opened a casino and made $4 MILLION DOLLARS from ATM fees one year.

    If you are going to take money out, it doesn't make sense to pay $3 for $40.. Take a bundle out and use cash...

    ReplyDelete
  4. Anonymous3/30/10, 10:58 PM

    your a bird

    ReplyDelete

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