863
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Nov 2023
863 points (100.0% liked)
Technology
59299 readers
3847 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Sorry for the ignorance, but you have to pay to withdraw money from your bank in the US?
From your bank in person, no. From your bank's own ATM, no. From an ATM run by another bank out of network, yes, there are often fees and your bank will waive them under certain circumstances.
If it’s run by another bank out of network, your bank cannot waive them. The fees are set by the owner of the ATM and that fee goes to them.
Your bank can just cover/refund the fees for you.
Yes, I understand that, since obviously they're two separate entities. Often banks themselves have a fee, which they waive. Then they reimburse the fee the other party charged.
Not if you withdraw from a store. I forgot the exact term. Just grab a drink or snack and select the withdraw amount on the card reader.
Yes. Technically paid extra but at least I get something back. Not ideal but better than using an ATM and risk a out of network fee.
that's true, there's no fee withdrawing money at a debit point of sale.
Not necessarily. Usually your bank will have ATMs you can use fee-free. And often partner bank ATMs as well.
Out of network ATMs can charge fees, which you will prompted to accept before withdrawing, but that's not from your bank. That's the company running the ATM. Generally $3-5
I guess some shitty banks could charge fees on top of that....
Mine charges no fees and actually reimburses ATM fees (a certain amount per month)
Chase absolutely charges you for using a non-network ATM. I have a friend that has Chase for their bank and will not withdraw from a non-chase ATM even if the ATM has no fees because Chase will just charge him after the fact.
Makes me wonder why he still bothers keeping Chase.
Same here. I have a bank that charged their own fee in addition to whatever the ATm owner charges, so any withdrawal ends up being $8-10.
I agree with you, but discussions with someone who preferred a bank ended with them having the opinion that their bank got them better interest rates on loans, waived fees for things like wire transfers, and perks of some nature.
I was unconvinced.
Still weird
In the Netherlands as well, as well as when you buy stuff at a store. There's always a small fee when you use a debit or credit card.