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More money and finance tips from
Bankrate.com |
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Super ATMs
Super ATMs were originally created for non-banking Americans.
Developers were surprised to find that half of the users had
bank accounts. People are busy and want to complete their
banking on their own time and convenience. More
Point-of-sale terminals
The average automated teller machine (ATM) surcharge fee is
rising. You usually pay two surcharge fees--to your bank and
the other bank--for using the "foreign" ATM. Besides
using just your bank's ATMs, grocery store point-of-sale terminals
are free. More
Full-service at the ATM
Automated teller machines (ATMs) will begin to dispense more
than cash. Soon Super-ATMs will offer check cashing, wire
transfers and money orders, with future possibilities of traveler's
checks, prepaid phone cards, electronic gift cards and entertainment
tickets. More
ATM advertising
Automated teller machines (ATMs) are the newest avenues for
advertising, movie previews, and Internet services. Banks
will generate new income from advertisers instead of customers.
Seemingly handy, this service has the potential for inconvenience
and longer line waits. More
Rising surcharge fees
Automated teller machines (ATMs) are not subject to state
regulation. As more banks are levying ATM surcharges, the
Supreme Court has decided that states can't control the rising
fees. More
Out-of-country use
When traveling in another country, withdraw cash from an automated
teller machine with your debit card, not a credit card. While
you'll pay a bank fee per cash withdrawal, this fee is less
than the high fees and interest rates accrued by credit card
cash advances. More
Super ATMs
The Super ATMs -- currently being installed at 7-Eleven stores
-- are designed as a portal for expanded sales of products
and services. After putting money in your hands, Super ATMs
will entice you to spend it there. More
ATM advertising
To increase traffic and offset costs, banks are retrofitting
current automated teller machines (ATMs) to handle advertising
messages and dispense retailer coupons with your cash and
receipt. More
Costly convenience
Banks defend automated teller machine (ATM) surcharge fees.
They contend that ATMs are increasingly expensive to own,
operate and maintain. Surcharge fees are the price for consumer
convenience. More
No-surcharge ATMs
You can save yourself up to $3 per cash withdrawal from another
bank's automated teller machine (ATM). Regularly use your
own bank's ATM and track down a free ATM near you. Many credit
unions and smaller banks boast no-surcharge ATMs. More
Selective-surcharge alliances
Smaller banks and credit unions are increasingly joining selective-surcharge
alliances. Alliance members agree not to surcharge each other's
customers, giving their customers access to a larger, surcharge-free
ATM network. More
Super ATM advertising
Super ATM advertising has an ominous side. Banks collect data
about your buying habits from forms you've completed. Armed
with information about your buying habits, Super ATMs identify
you and offer you services or products likely to appeal to
you. More
ATM deposits
Banks can legally hold your ATM deposits up to five days.
Read the fine print to know when your deposited checks will
be available. Debit cards and speedy electronic check clearing
increases your chances for bounced-check fees. More
Read the fine print
Banks can defer access to local checks up to two business
days, and out-of-state checks and ATM deposits up to five.
Know your bank's policy or you may be unexpectedly denied
money from an ATM by long check holds and money per day limitations.
More
Avoiding ATM fees
Avoid ATM surcharges by: switching to a bank with a larger
ATM network, using only your bank's ATM network, asking for
cash back with ATM purchases at the grocery store, withdrawing
larger amounts to minimize ATM usage, and using a teller.
More
Additional ATM fees
Besides the commonly known ATM fees, your bank may assess
these additional fees: point-of-sale charges; annual fee for
the privilege of using an ATM card; card replacement fee;
and international fees for abroad usage. More
Lost debit card
When your debit card is lost or stolen, you need to act fast
for your best protection. If you wait longer than 60 days,
you could lose everything in your checking and overdraft accounts.
You're liable for expenses accrued with your card. More
Wiring money
When wiring money, it's smart to shop around. As with any
financial service, prices and delivery time vary among banks
and private companies. Banks usually charge a flat rate for
transfers, while private companies' rates climb as the transaction
amount increases. More
Out-of-country use
Banks assess a fixed fee for each automated teller machine
withdrawal in another country. While it's unsafe to travel
with more money than needed for one or two days, taking a
small number of larger cash withdrawals reduces bank fees.
More
College smart cards
College smart cards-yesterday's student ID card with a magnetic
stripe-allow you to buy books, food, and access campus laundry
machines, photocopiers and vending machines. Students deposit
up to $100 in their account through cash-to-card terminals.
More
Debit card types
Direct debit cards require a personal identification number
to use, whereas deferred debit cards have a Visa or MasterCard
logo and require a signature. Both types of cards remove payments
directly from a person's bank account. More
Deferred debit cards
Deferred debit cards have a Visa or MasterCard logo and require
your signature to use. They are accepted anywhere Visa and
MasterCard are accepted. The payment amount is removed from
your bank account in two or three days. More
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