I was charged $7.70 on my checking a/c for Feb. It's all my fault for using my debit card for minor purchases. New Zealand was the first country where debit cards and ATMs were introduced, and we were encouraged by the banks to use them because it was free, whereas the fees for checks and over-the-counter transactions went up. Once we were all happily using them, a .30 cent per use fee was slapped on. I try to make one cash withdrawal for the week and make all my small purchases in cash, but last month I slipped up.
Some people still get free usage of debit cards, esp students and retirees. It bemuses me when I see them paying for a cup of coffee with the plastic. One time I was bemoaning my high bank fees. Quoth my dad, "I don;t have fees because I'm retired." Quoth DS, "I don't have them because I'm a student." No wonder my fees were so high - I was paying for both of them!
Alas for plastic
March 1st, 2015 at 03:34 am
March 1st, 2015 at 05:59 am 1425189552
If you have a Credit Union in a nearby/convenient location, they have free transactions if you use their or affiliated ATMs. A 3rd option is one of the electronic banking options. Sorry, don't know specific names in your region but they are low cost, often offer better savings rates and are super efficient. They do nearly everything a bank does only it's all on your computer.
March 1st, 2015 at 06:48 am 1425192487
March 1st, 2015 at 06:35 pm 1425234911
Do they charge fees for every check you write? If so, that is ridiculous!
Good luck avoiding those fees in the future with the cash system.