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  3. Are ATM transactions in your country charged?

Are ATM transactions in your country charged?

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  • V Offline
    V Offline
    Vikram A Punathambekar
    wrote on last edited by
    #1

    On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

    Cheers, Vikram.


    "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

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    • V Vikram A Punathambekar

      On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

      Cheers, Vikram.


      "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

      D Offline
      D Offline
      Dirk Higbee
      wrote on last edited by
      #2

      Not if you go to the ATM at your bank. But if you go to another bank's ATM or a 3rd party vendor's ATM at a convenience store then they charge you up the yang.

      I may be Green, but at least I'm environmentally friendly.

      1 Reply Last reply
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      • V Vikram A Punathambekar

        On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

        Cheers, Vikram.


        "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

        E Offline
        E Offline
        El Corazon
        wrote on last edited by
        #3

        Vikram A Punathambekar wrote:

        are free

        in the USA that is more expensive and better business than lottery tickets. People come from miles around and in great numbers to pay huge amounts of money for "free".

        Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you. - Carl Sandburg

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        • V Vikram A Punathambekar

          On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

          Cheers, Vikram.


          "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

          T Offline
          T Offline
          Thunderbox666
          wrote on last edited by
          #4

          I pay $3/month for unlimited transactions at my banks ATM's... at other banks ones, it costs about $2 per transaction


          "There are three sides to every story. Yours, mine and the truth" ~ unknown "All things good to know are difficult to learn" ~ Greek Proverb "The only place success comes before work is in the dictionary" ~ Vidal Sassoon

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          • T Thunderbox666

            I pay $3/month for unlimited transactions at my banks ATM's... at other banks ones, it costs about $2 per transaction


            "There are three sides to every story. Yours, mine and the truth" ~ unknown "All things good to know are difficult to learn" ~ Greek Proverb "The only place success comes before work is in the dictionary" ~ Vidal Sassoon

            L Offline
            L Offline
            Lost User
            wrote on last edited by
            #5

            Thunderbox666 wrote:

            at my banks ATM's

            Thats pretty good, is it a credit union?

            T 1 Reply Last reply
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            • V Vikram A Punathambekar

              On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

              Cheers, Vikram.


              "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

              D Offline
              D Offline
              DJ van Wyk
              wrote on last edited by
              #6

              In South Africa it has been a very large debate for quite a while now. The people are very upset with the amount of bank charges we pay, including ATM fees. It is still cheaper than going into the bank and talking to a teller.

              B 1 Reply Last reply
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              • V Vikram A Punathambekar

                On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                Cheers, Vikram.


                "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                F Offline
                F Offline
                Fernando A Gomez F
                wrote on last edited by
                #7

                I can only do five transactions for free. After that, each transaction is charged (including cash withdraw). X|

                Stupidity is an International Association - Enrique Jardiel Poncela

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                • V Vikram A Punathambekar

                  On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                  Cheers, Vikram.


                  "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                  G Offline
                  G Offline
                  guiqul163
                  wrote on last edited by
                  #8

                  If you get a card from bank A, and just when you get money from ATM of bank A and in a small area, it's free. China.

                  ========================================= Make friends with you all. My Blog, welcome
                  ???????,????????

                  R 1 Reply Last reply
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                  • V Vikram A Punathambekar

                    On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                    Cheers, Vikram.


                    "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                    S Offline
                    S Offline
                    Shog9 0
                    wrote on last edited by
                    #9

                    My CU doesn't charge me for transactions at ATMs they own, nor at other ATMs. But 3rd-party ATMs generally have charges of their own - usually $1-$2. If i was willing to carry a larger balance on my checking account, my CU would actually reimburse me for that as well... but i rarely use ATMs... or cash... so i don't bother.

                    But who is the king of all of these folks?

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                    • V Vikram A Punathambekar

                      On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                      Cheers, Vikram.


                      "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                      D Offline
                      D Offline
                      destynova
                      wrote on last edited by
                      #10

                      Apparently here in Ireland, some not-on-us transactions can be charged, and many ATMs will warn you that you may be charged (an unspecified amount! Is that legal...?), but I don't think it's ever happened to me. In general, the only charges we pay for using ATMs are a government tax of €5 a year for each account with an associated ATM card (I think). I can't believe people actually use ATMs charging €2 or more per transaction in some countries - I heard of some machines charging up to $10 in the states at petrol stations and the like. What a rip! I usually only withdraw about €20 at a time since I'm pretty cheap. If I had to pay 10% in charges I'd be pissed off :P

                      B 1 Reply Last reply
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                      • V Vikram A Punathambekar

                        On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                        Cheers, Vikram.


                        "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                        B Offline
                        B Offline
                        Brady Kelly
                        wrote on last edited by
                        #11

                        For my bank, ATM withdrawals are free for the first 6m, 12, or 20, depending on which option you opt to pay for all service charges, R55, R95 to R145 respectively. That covers everything, not just ATM transactions, and only ATM withdrawals count toward the quota. After that, you pay R9, R8, R7, respectively, per withdrawal.

                        1 Reply Last reply
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                        • D DJ van Wyk

                          In South Africa it has been a very large debate for quite a while now. The people are very upset with the amount of bank charges we pay, including ATM fees. It is still cheaper than going into the bank and talking to a teller.

                          B Offline
                          B Offline
                          Brady Kelly
                          wrote on last edited by
                          #12

                          I've been in ABSA in SA where the teller has told the person to rather go outside and draw from the ATM, like a little old lady drawing R50 out of her R70 balance account, the teller reckons the charge would be too high inside the bank. I suppose it really depends on the account type and the bank.

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                          • B Brady Kelly

                            I've been in ABSA in SA where the teller has told the person to rather go outside and draw from the ATM, like a little old lady drawing R50 out of her R70 balance account, the teller reckons the charge would be too high inside the bank. I suppose it really depends on the account type and the bank.

                            D Offline
                            D Offline
                            DJ van Wyk
                            wrote on last edited by
                            #13

                            If memory serves me right the charge is about R20, but then again I haven't been to ABSA since they lost all my savings.

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                            • D DJ van Wyk

                              If memory serves me right the charge is about R20, but then again I haven't been to ABSA since they lost all my savings.

                              B Offline
                              B Offline
                              Brady Kelly
                              wrote on last edited by
                              #14

                              Ouch! How the hell did that happen? I never had any problems whatsoever. I only switched to FNB when I started working there, and even then my only problems were with the IT dept. Every minor issue I've had with ABSA or FNB they have bent over backwards to help and sorted it out most promptly.

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                              • V Vikram A Punathambekar

                                On-us transactions in India are free, but interbank transactions may be charged currently. But from Apr 2009, all interbank transactions will be free too! Yay! :-D What about your country? I just hope the date on which the new rules are supposed to take effect is a coincidence. :~ :-D

                                Cheers, Vikram.


                                "The weak can never forgive. Forgiveness is the attribute of the strong." - Mahatma Gandhi.

                                R Offline
                                R Offline
                                Rajesh R Subramanian
                                wrote on last edited by
                                #15

                                There is a quarterly average balance of say INR. X, which differs from bank to bank that if you maintain, you can use any bank's ATM free of cost. ABN Amro has a INR 10,000 as this limit and I've been using just about any ATM for cash withdrawl without being charged.

                                Nobody can give you wiser advice than yourself. - Cicero .·´¯`·->Rajesh<-·´¯`·. Codeproject.com: Visual C++ MVP

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                                • B Brady Kelly

                                  Ouch! How the hell did that happen? I never had any problems whatsoever. I only switched to FNB when I started working there, and even then my only problems were with the IT dept. Every minor issue I've had with ABSA or FNB they have bent over backwards to help and sorted it out most promptly.

                                  D Offline
                                  D Offline
                                  DJ van Wyk
                                  wrote on last edited by
                                  #16

                                  I wanted to move to a new house and so I transferred my money from my ABSA fixed deposit account into my Standard Bank cheque account, the only problem was that Standard Bank never received the money. ABSA told me that it must have been a mistake on my side and they couldn't help me. I got a bit upset an told them how computers work. The lady reminded me that "Computers didn't work over weekends":confused: at which point I left as fast as I could. After hearing my story Standard Bank sent someone to the ABSA branch and sorted all my problems out. Needless to say, I don't bank with ABSA any longer.

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                                  • D DJ van Wyk

                                    I wanted to move to a new house and so I transferred my money from my ABSA fixed deposit account into my Standard Bank cheque account, the only problem was that Standard Bank never received the money. ABSA told me that it must have been a mistake on my side and they couldn't help me. I got a bit upset an told them how computers work. The lady reminded me that "Computers didn't work over weekends":confused: at which point I left as fast as I could. After hearing my story Standard Bank sent someone to the ABSA branch and sorted all my problems out. Needless to say, I don't bank with ABSA any longer.

                                    B Offline
                                    B Offline
                                    Brady Kelly
                                    wrote on last edited by
                                    #17

                                    I really think that is more of a problem with the lady than with ABSA. I've had one or two issues with FNB staff, like opening a transmission account online, then going to the Carlton Centre branch and being told to wait in the New Accounts queue just to fetch my card. The new accounts queue is full of rural old Black ladies that trekked to the city to open a savings account, and are being talked through filling out a paper based new account application. Luckily FNB have a very astute person or persons monitoring \[^], and within an hour or two of your complaint being published, they phone back. Still in that same day, the branch manager from Carlton phoned and profusely apologised for me being asked to queue that morning. I went upstairs and got my card in less than five minutes.

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                                    • D destynova

                                      Apparently here in Ireland, some not-on-us transactions can be charged, and many ATMs will warn you that you may be charged (an unspecified amount! Is that legal...?), but I don't think it's ever happened to me. In general, the only charges we pay for using ATMs are a government tax of €5 a year for each account with an associated ATM card (I think). I can't believe people actually use ATMs charging €2 or more per transaction in some countries - I heard of some machines charging up to $10 in the states at petrol stations and the like. What a rip! I usually only withdraw about €20 at a time since I'm pretty cheap. If I had to pay 10% in charges I'd be pissed off :P

                                      B Offline
                                      B Offline
                                      Brady Kelly
                                      wrote on last edited by
                                      #18

                                      I only pay per transaction, not a ratio, so I hardly ever draw under R500.

                                      D 1 Reply Last reply
                                      0
                                      • D DJ van Wyk

                                        I wanted to move to a new house and so I transferred my money from my ABSA fixed deposit account into my Standard Bank cheque account, the only problem was that Standard Bank never received the money. ABSA told me that it must have been a mistake on my side and they couldn't help me. I got a bit upset an told them how computers work. The lady reminded me that "Computers didn't work over weekends":confused: at which point I left as fast as I could. After hearing my story Standard Bank sent someone to the ABSA branch and sorted all my problems out. Needless to say, I don't bank with ABSA any longer.

                                        L Offline
                                        L Offline
                                        leppie
                                        wrote on last edited by
                                        #19

                                        Ouch! I have been with them since they were Volkskas, never had any problems. Touch wood!

                                        xacc.ide - now with IronScheme support
                                        IronScheme - 1.0 alpha 1 out now

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                                        • G guiqul163

                                          If you get a card from bank A, and just when you get money from ATM of bank A and in a small area, it's free. China.

                                          ========================================= Make friends with you all. My Blog, welcome
                                          ???????,????????

                                          R Offline
                                          R Offline
                                          randz
                                          wrote on last edited by
                                          #20

                                          Same in my bank here in the Philippines. Withdrawing cash from ATM Machines of the bank where you hold your account is free (I think, but I am not sure, there is a limit for number of free withdrawals per month). Withdrawing from ATM Machines of other banks using the same network as your bank charges between Php10 - Php15.00. For example, Bank A (your bank) is using Expressnet, you can withdraw from other ATM Machines connected to Expressnet for a fee(Php10 - Php15.00). But if try to withdraw from an ATM Machine that is not connected through the Expressnet, say for example, the ATM Machine is connected to Megalink, you will be charged using Cirrus network which is in US$. Typically you will be charged at around Php250 - Php280 per transaction depending on the peso-dollar rate. I am not sure the exact dollar amount of charge per Cirrus transaction.

                                          Remember, your work is not yours alone. Somewhere, there are some codes written by others amongst us that depends on your work. By failing to see that you are part of their ecosystem, you are bound to break their code. *http://dotnetrandz.blogspot.com*

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