16 responses

  1. Money Reasons
    January 25, 2011

    I HATE paying those stupid fees when I’m not at my local bank’s ATM! Grrr!

    Nice writeup about ATM fees, they do add up, especially if you use the ATM machine multiples times a month! I need to make my primary bank one of the ones you identified above!

  2. moneycone
    January 25, 2011

    MR: I had actually closed Ally and made Alliant my primary bank. But for ATMs, it is very liberating to know I can use any ATM I please and not pay a cent! So I called Ally and re-opened my account!

  3. 101 Centavos
    January 25, 2011

    We’ve given USAA some thought. Trouble is, we already have them for insurance, credit card, brokerage, and IRA. So, we keep our account at a smaller regional bank.

  4. retirebyforty
    January 26, 2011

    We haven’t had to pay ATM fee for a long time (in the US.) I guess we always use local machines. When we travel in the US, everything go on the CC. Internationally, we withdraw money at ATM and bit the bullet and pay the fee.

  5. Buck Inspire
    January 26, 2011

    Quite a detailed post on ATMs and banks! I use my local bank ATMs and avoid fees at all costs. Sometimes I bite the bullet in Vegas or the airport. :( Ally sounds great, but I have a few banks along with ING and some brokerage accounts. Dunno if I can handle one more. Might have to consolidate. :)

  6. Aloysa
    January 26, 2011

    We almost never pay ATM fees. Maybe when we travel and still we try not to. Those fees add up fast. Good review of Ally. I see them advertise all the time but never really considered them.

  7. everyday tips
    January 26, 2011

    One of the few things my husband does that drives me crazy is using one of those horrible ATMs that charges a huge fee. (The other is buying things that aren’t on sale, but I will still keep him.)

    I will have to look into Ally. (Not to be confused with the diet drug, Alli…) :)

  8. Robert @ The College Investor
    January 26, 2011

    I use USAA and I agree!!! I have friends that still pay ATM fees! The other thing I absolutely love is Deposit at Home, where you can scan a check in the computer and it deposits it!

  9. Roshawn @ Watson Inc
    January 26, 2011

    We simply don’t go to the ATM, so I guess we avoid fees. I dislike the denominations of the bills that you get from ATMs anyway.

  10. moneycone
    January 27, 2011

    @101: Those who bank with USAA, seem very satisfied with their service

    @RB40: If you get good interest on the account, no reason to switch

    @Buck: Having too many accounts can be a nightmare come tax time!

    @Aloysa: I have an account in ING and Ally. I like Ally for the interest rates (and free ATM of course!) :)

    @Everday Tips: Yep, Alli – lose weight, Ally – save money!

    @Robert: From what I’ve heard, USAA rocks!

    @Roshawn: How do you get cash? Cashback on purchases?

  11. BeatingTheIndex
    January 28, 2011

    Long live credit cards! It ‘s very very rare for me to use an ATM machine because I need to have cash for payment. Usually, there’s nothing a credit card cannot pay!

    No fees going out from my pocket, that’s for sure!

    • moneycone
      January 28, 2011

      How are the ATM fees in Canada?

  12. Molly On Money
    February 1, 2011

    I don’t have an ATM card. It’s how I avoid using it. When I did have one I felt nauseas when I saw the fees. My husband thought I was crazy when we first met. Over the years he’s weaned himself off his card.

    • moneycone
      February 1, 2011

      That’s commendable Molly! How do you get cash?

  13. The Everyday Minimalist
    February 9, 2011

    I’m in Canada and with PC Financial I don’t pay any fees at all. Been using them since I was 19 :)

    (This is Fabulously Broke by the way).

  14. Robinsh
    January 7, 2012

    I don’t cares about the ATM fees because I withdraw not more than 2-3 times a month and that also includes my bank ATM where there is it’s a free services to do what you want with your Bank ATM Card.

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