Comments on: Eliminate ATM Fees

By: Tim Boucher

Tim Boucher — Fri, 12 Oct 2007 21:42:33 +0000

Yeah it definitely needs to be condensed down into easy-to-read, easy to understand bits and pieces.

By: Ted Heistman

Ted Heistman — Fri, 12 Oct 2007 21:24:58 +0000

Yeah. Its the principle. Plus, these banks don’t need to charge it. They make their money from making money. They create money through loans. They charge it because they can.

One thing I hope you do after you are done with this train of thought is condense it down.

because it seems exciting but I can’t really keep up with it.

By: Tim Boucher

Tim Boucher — Fri, 12 Oct 2007 21:19:25 +0000

I mean in a frame of mind where money doesnâ€™t matter does every couple bucks count?

Yes, and it’s not about penny-pinching or saving money whatsoever. It is about perfecting your workflow so that there is no wasted value - so that everything hums harmoniously in the best possible way. I don’t stress out every time I spend two dollars on an ATM fee, but it’s fucking stupid. It’s my money - I shouldn’t get charged when I want to access it.

By: Ted Heistman

Ted Heistman — Fri, 12 Oct 2007 21:12:38 +0000

I see where you are going with this, but to me I don’t pay attention to ATM fees. If you were a millionaire and traveling all over the country would you care about them?

This ATM thing seems to have inspired in you a very productive train of thought. But just the ATM thing itself, does stressing over them (maybe stress is too strong a word) reinforce a scarcity mindset? I mean, I don’t know.

I have this thing where I don’t give a crap about stuff like this. When I was married my wife was a penny pincher yet we were always broke.

Now I am single again and have pretty much the same spending habits I had in the Army. I blow $ 1000.00 a month, every month. I’d like to have more and I would spend most of that too.

I mean in a frame of mind where money doesn’t matter does every couple bucks count?

By: Tim Boucher

Tim Boucher — Fri, 12 Oct 2007 17:51:47 +0000

Iâ€™ve heard there are no ATM feeds. They may give it back to you too, from other folksâ€™ ATMs.

What? Could you be more clear on what you mean?

By: chutney

chutney — Fri, 12 Oct 2007 16:13:02 +0000

I’ve heard there are no ATM feeds. They may give it back to you too, from other folks’ ATMs.

By: Alec

Alec — Fri, 12 Oct 2007 13:32:16 +0000

You could get a Charles Schwab High Yield Investor Checking Account. No service charges or minimum balance, plus 4% interest. The really cool part, though, is they not only don’t charge an ATM fee of their own, they’ll reimburse the fee that the actual ATM operator (or whatever) charges you. So if you went to a Bank of America ATM and it charged you $2, Charles Schwab would give you that $2 back, apparently.

I heard about it from the comments attached to some banking horror story on reddit a few months ago. The checking account comes with a brokerage account, so I assume the idea is to entice you with the former in the hopes that you’ll eventually put some of your money in the stock market and they can start nickel-and-diming you with transaction fees.

Personally, I barely leave the house, much less leave my bank’s ATM saturation zone.

By: Wiseclerk

Wiseclerk — Fri, 12 Oct 2007 13:22:08 +0000

Several German banks offer free-free ATM withdrawel worldwide.
E.g. http://www.dkb.de - VISA card is used for withdrawing
(You can only open an account if you are a resident in germany)

By: Tim Boucher

Tim Boucher — Fri, 12 Oct 2007 05:40:41 +0000

Good in what way? Where did you hear that? Are you being paid to sponsor them?

By: chutney

chutney — Fri, 12 Oct 2007 01:00:58 +0000

I’ve heard WaMu is good for this, but I haven’t checked them out myself.