Karl_Bonner_1982
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Fri Aug-29-08 01:06 AM
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This month I was going to get the money to pay my rent - I usually pay via money order - but I was a long way from my bank's ATM, so I just headed to the nearest bank (it was a Wells Fargo). When I entered my PIN, it asked if I wanted to check my balance, and I hit "yes." Then I proceeded to withdraw $320 for the money order and accepted the $2 surcharge, went and paid my rent thinking all was OK.
A couple days later I checked my Bank of America account activity and noticed that in addition to the $322 debit for $320 in cash, there was a $2 fee levied by Bank of America for using the W.F. ATM and another $2 balance inquiry fee for saying "yes" when the screen asked me if I wanted to check my balance. So a total of $6 in ATM fees for a single transaction! I almost called up the bank and started yelling obscenities, and I probably would have had such an anger outburst if I didn't talk about it to my mom, who was equally disgusted.
Tell me about your adventures in ATM fees!!!
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Ian David
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Fri Aug-29-08 01:11 AM
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1. If only someone would run for president based solely on a platform of eliminating ATM fees. |
Art_from_Ark
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Fri Aug-29-08 01:14 AM
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2. It costs less than a buck to use another bank's ATM here in Japan |
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Edited on Fri Aug-29-08 01:14 AM by Art_from_Ark
and I can check my account balance from any bank's ATM for free. However, I have to pay my own bank a buck or so to make an after-hours withdrawal, and maybe after-hours deposit (but I don't know for sure, since it's been so long since I've made a deposit!)
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Robbien
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Fri Aug-29-08 01:16 AM
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3. The extra charges for a balance check is a new one to help make up revenue |
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lost from the mortgage breakdown. Banks are scheming to make up lost mortgage revenue in all kinds of new shady ways. Got to keep the ownership society shareholders happy.
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Irishonly
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Fri Aug-29-08 08:21 AM
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She has just opened her first student checking account. I had told her not to use a non BOA ATM machine and if she needed cash, wasn't near a BOA machine to buy a pack of gum and ask for cash back. She didn't and was hopping mad it cost her $4.00 to make her withdrawal. Hard lesson but it's one I don't think she will forget.
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Karl_Bonner_1982
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Sat Aug-30-08 01:31 AM
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6. That's what I used to do |
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Whenever my BOA ATM wasn't convenient but a store with a cash back option was, I just went there and did cash back. Also useful if I wanted less than $20.
If you withdraw $20 from the wrong ATM and check your balance while doing it, the fees add up to 30% of the amount withdrawn.
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2Design
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Sat Aug-30-08 12:25 AM
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5. join a credit union n/t |
Hannah Bell
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Tue Sep-02-08 01:47 AM
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7. I stopped using them. & my credit card. |
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I also refuse to get a cell phone. i don't use store discount cards either. & when they start requiring "real id" for a driver's license, i'll quit driving. at some point i expect it will end in my becoming a non-viable person, economically, at which time i'll go to the mountains & starve myself to death. it's unfortunate, but there it is. so long as most people go along with every damn "convenience", our conveniences will be used to control us.
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N.orleans86
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Tue Sep-23-08 08:05 AM
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8. Bank of America "foreign" ATM fees |
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:grr: I can relate to you completely.Just yesterday i was charged $4 for using two non BOA ATMs.One of the fees on the ATMs themselves were $2 and the other $1.50.I thought i would just get charged the $3.50...fair enough.But i check my account today and they charged me an extra $4 .i mean if i was one of the richest people in the USA of course i wouldn't be bothered, but damn, that was an extra $4 i didn't have.and had i not had something left in my account i could've overdraft , just what they wanted.BOA is really starting to annoy me,every since this economy has gotten into this horrible slump they are really taking advantage of people.i just paid them $115 in over draft charges and i still don't know how that happened when i'm a very CAREFUL spender.Any way, i usually don't use anyone but BOA ATM to avoid the regular fees .but since the extra $2 that they charge per withdrawal themselves i'm going to have to make my way to their ATM the best i can. x(
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Angleae
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Fri Sep-26-08 01:25 AM
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9. I've stopped using ATMs |
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If I need cash, I'll just get additional cash back when I'm grocery shopping.
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itsrobert
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Fri Sep-26-08 06:46 AM
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They reimburse for all ATM fees from different banks.
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romulusnr
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Fri Sep-26-08 11:56 AM
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11. I always use my own bank |
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Always, always, always use your own bank. Or in the case of some CUs use an ATM on your CUs inter-CU agreement network. (Or expect to eat fees.)
By the way, two-sided ATM fees are not news, they're standard practice and have been for a long time. The ATM-side bank charges you to connect to the inter-bank network and your bank charges you for the service of being on the inter-bank network. (Which isn't free for them.)
WaMu didn't pass those charges on to the customer, they ate them. (Hmm..)
Yes, checking your balance is a separate connection to that network, so it incurs another charge.
You could also get your money order at the PO or a supermarket, which will typically not charge you anything (aside from a MO fee).
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Tue May 07th 2024, 03:06 AM
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