Debit cards with ATM fees rebate

Please list here the debit cards giving rebates for ATM withdrawals (this means if you use a third party owned ATM that assesses an ATM fee, the financial institution which issued the check card will reimburse you for this third party fee. It is most likely to be a strategy used by banks with few ATMs to get customers).
I will start here:

- GMAC Bank (MM Savings): up to 3 rebates monthly ($6 maximum), beware of the maximum 6 withdrawals, this being a savings account
- USAA FSB (checking): $15 maximum a month (restricted membership)
- DCU (checking): up to $5 monthly with direct deposit (it may be worth to do this, since the money becomes available a day or two before payday), membership is usually easy to acquire. Note: the checking account is free, but only with Direct Deposit you will get the ATM fees rebate. Without Direct Deposit or BillPay, withdrawals are $1 each.
- TDBanknorth (checking): unlimited, accounts available only to residents of a few states (that's why I don't know too much about this, I personally never had an account with them;
- eBank (checking): unlimited on any ATMs in the world, you will only incur the 1% currency exchange fee
- Citibank, for accounts having a zipcode where there is no Citibank ATM (I need to do further research on this one, I have it, but I never used it). It seems you also need a minimum of $1500 in your Citi accounts linked to the card, in order to get this (see a post below).

Additional tips: if you want to avoid the ATM charge, another way around it is to:
- either get a check card from a bank with lots of ATMs nationwide(eg BofA), worldwide (eg HSBC) or at least locally, in your neighborhood;
- or get a check card from a credit union and locate in your neighborhood the credit union network ATMs, and you will not be overcharged (YMMV, some check card issuing credit unions set a maximum number of monthly no-charge withdrawals);
- as always, be sure you have the necessary money in the account, otherwise you will be charged an overdraft fee. The rebates will be given only when statement closes, so, in addition to the withdrawal amount, you need to have the ATM fee available in your account as well.

Update: There seems to be a similar thread at ibankdesign.com (thanks suckisstaples)

im pretty sure theres an archived thread and a thread at ibankdesign.com on rebating ATM cards

I have TD and it's great...one of the best deals going...but as you said, only available to a limited amount of areas (metro nyc, NJ, PA, CT)....

USAA actually rebates up to $15 in both checking AND savings! ($30 total between the 2 accounts)....used to be open to all...now, for new customers, only military people allowed, unfortunately....USAA was my all time favorite bank, until this TD deal came along...lol EBank of Atlanta, Georgia is open to all and a pretty good runner up if you not in the TD service area....

Additional entries:
Compass Bank (Unlimited worldwide atm surcharge rebates) from Checking Account....only available in their service area states....
Mechanics Bank (northern california....but open to all) Smart and Easy Checking...Unlimited ATM surcharge rebates...
CNBT of Taylor Texas (Reward Checking) Unlimited U.S. Atm Surcharge rebates.....open to all

Most web-based banks that have no physical branches give a certain amount of atm rebates per month...but personally, i love the ones that give unlimited (even though i don't really make THAT many withdrawals each month.... just so i don't have to keep count!...LOL)

E-Trade (bank or brokerage): Either five ATM rebates monthly or unlimited ATM rebates, and automatically rebated at the time of transaction.

beall said: I am currently with Bank of America, and thinking about opening a new checking account with another bank for my wife.

Now in the rare occasions when I use an ATM from other banks, I am charged in both ends. The ATM owner charged me a fee, and then Bank of America has its own charge.

For these banks that are listed who rebate ATM fees, do they cover the both side of the charges?
Usually (I suppose there could be some exceptions, but it wouldn't make sense), there is no fee from the bank who you have the ATM card with, and then they refund whatever the ATM owner's bank charges, so yes, they cover both charges.

Yes, that's correct...banks that rebate atm surcharges don't charge on their end and they are refunding the fee you get "hit with" by the other bank's atm...i suppose there could be a few exceptions to this, but it really wouldn't make much sense...lol... And, certainly, in the case of all the banks mentioned here so far, and all the web-based banks i know of, none of them charge on their end at all! So, it's just a question of how many rebates of other bank's surcharges, they will allow you per month...

In most cases, you initially get the charge deducted, but it's refunded to you at the end of the monthly statement cycle...a few banks actually refund immediately (it's already been returned to you by the time the transaction is posted)....not that it really matters that much...as long as you get it back

I have a Compass Bank checking account. It's free with no minimum, and they reimburse ATM fees from ANY ATM anywhere in the world; you just have to mail in your receipts. What more could you ask for?

For DCU, even if you don't have direct deposit there is a way to waive the ATM fee. Get registered with their bill pay and pay atleast 2 bills a month. They will reimburse $5 max a month.

Latke said: sweetfire009 said: I have a Compass Bank checking account. It's free with no minimum, and they reimburse ATM fees from ANY ATM anywhere in the world; you just have to mail in your receipts. What more could you ask for?

You could ask for a bank that doesn't require you to MAIL IN the receipts- how antiquated- try commerce bank.

Yes, but with Commerce Bank, you have to keep $2500 balance in your Checking Account to get the Unlimited Atm Rebates...not so with all the other banks that have been mentioned in this thread...

Wachovia is rebating up to $6/month for 2 years for customers in Texas who have openend their account when Wachovia first openend branches in Texas approx. 1 year ago. The rebates are automatic. I don't know if they still offer this. I'm about halfway into my 2-year period and have received the rebates everytime.


City National Bank of Taylor will refund ATM fees automatically on the next business day if you have direct deposit with their 4.03% rewards checking.

Citibank only requires that there is not a Citibank branch or ATM in the same zip code as the address you used to sign up with. I signed up for an EZ checking online when I lived in Indiana (no citi) and now live in Chicago (lots of citi) and still get the ATM fees back every month for any ATM use.

I am pretty much never going to change my bank for this one reason.

markkundinger said: Now I love using ATMs in places with horrible fees, like casinos and strip clubs.

Or maybe I just like casinos and stip clubs?

+1

davenaff said: I'm pretty sure that USAA doesn't restrict membership for their banking products - only their insurance products. I believe that there is a thread about that somewhere around FW.they just changed that policy, there was a big stink in that thread about how USAA bank is moving to military only.

In the Op here:
http://www.fatwallet.com/t/52/646744/

sweetfire009 said:

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I have a Compass Bank checking account. It's free with no minimum, and they reimburse ATM fees from ANY ATM anywhere in the world; you just have to mail in your receipts. What more could you ask for?

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You could ask for a bank that doesn't require you to MAIL IN the receipts- how antiquated- try commerce bank.

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Yes, but with Commerce Bank, you have to keep $2500 balance in your Checking Account to get the Unlimited Atm Rebates...not so with all the other banks that have been mentioned in this thread...

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As a college student, I don't necessarily always have thousands of dollars in my checking account, and with Compass I'm not penalized if I don't have some sort of minimum. I can use any ATM on campus, which is very convenient. Besides, I don't see anything wrong with mailing in receipts. I sit at my desk, put them in an envelope, stick a stamp on it, and run it downstairs to the mailbox. The money sometimes shows up in my account only a few days later.

i opened a checking account with city national bank early this year - http://www.cnbt.com/free-reward-checking-p-4.html, they refund all ATM fees the next day, which is great.

you need to have direct deposit in order to get the next day ATM fee refund.
and if you have Ten (10) Visa Check Card Transactions (excluding ATM transactions), they pay you 4% interest too.

they are the best bank i ever had, and they have online chatting service. i found it much better than waiting and talking on the phone with other banks.

markkundinger said:
Now I love using ATMs in places with horrible fees, like casinos and strip clubs.

Or maybe I just like casinos and stip clubs?



I paid $25 in casino ATM fees last weekend (which, unfortunately, pales in comparison to how I did in Vegas )

MWABank reimburses ATM fees monthly automatically (no mail in). Plus they offer very good rates on savings as well as checking, especially if you are a Modern Woodmen of America member. You don't have to be a member to bank there. They are mostly an Internet bank and they will give you postage prepaid envelopes to mail in deposits. MWABank

MosDeft said: According to the CSR I just spoke with about my EZ Checking account, I only get reimbursed for owner fees at 7-Eleven ATMs, which is now a partner with Citi. This obviously isn't what's printed on the bottom of the Citi EZ Checking sign-up page:

To qualify for reimbursement of the fees other banks may charge you for using their ATMs, you must: (1) be a new client with a mailing address that is outside a county where Citibank operates a Financial Center three months after opening your account online; and (2) have established your banking relationship online. You are not eligible for ATM reimbursements if your banking relationship was originally established at a Citibank Financial Center or through CitiPhone Banking® and you subsequently open additional accounts online.

What a crock
Should I say you have the proof, and if they don't comply with their own agreement, sue them ?

Metlifebank.com rebates up to $6 per month and has an outstanding exchange rate for foreign exchange - I've even gotten the refund of an ATM fee when there WASN'T one, thus getting an exchange rate better than the wholesale rate.

Unfortunately, their interest rate has not been competitive in a while... (4.25% APY currently).

Also Etrade as someone else has mentioned - their fine print says valid 'nationwide' but calls to 2 different CSRs indicates this is honored anywhere in the world.

I believe that the way it works with Citibank is that they only offer those atm surcharge rebates if your mailing address is in an area that has no Citibank branches at all....if there are any Citi branches (even if just a limited number) it doesn't apply!

So, just get a bank that gives generous or unlimited atm rebates to SUPPLEMENT your Citi accounts...that way you have your cake and eat it too! I did that myself....opened WAMU FREE CHECKING with their new ONLINE 5% Savings Account, but to give me maximum atm flexibility (to be able to use ANY ATM with no fees) i added on a TD Banknorth checking account with: NO ATM FEES ATM/Debit Card to the mix...works great for me (unfortunately the TD deal is only available for metro nyc, NJ, PA, CT) but there are other alternatives, as we have been discussing here

craig10x said: ajulius said: Does PNC do the ATM fee rebate now? Could have sworn I heard a PNC commercial mentioning it.

Yes they are....unlimited rebates, in fact....but the "catch" with them is that you have to maintain $2500 everyday of the month in your checking account in order to qualify for it....which is the same thing that Commerce Bank was doing...except Commerce just raised that amount to an incredible $5,000 to get the benefit (as if $2500 wasn't bad enough...lol)...

That's the beauty of the TD Banknorth NO ATM FEES debit/atm card (for those that can get it)...their checking and savings account have no minimum balance requirement at all...and, none is needed to get unlimited rebates with them....

I was using them for primary banking (which is quite good) but now that i went with the new WAMU Free Checking with 5% Online Savings Account....I'm keeping most of my $ in there, and will be closing my Amboy Direct account....I did this mostly for the convenience of having the 5% account and checking together in 1 place (no ach transfers needed) and also for the occassional branch banking or branch depositing....WAMU's customer service and in-branch people are very friendly and helpful! Another Plus

I also like the fact that WAMU is a Nationwide bank and has lots of branches in most major cities around the U.S. TD's card will be used to "round out" the package...to give me total ATM flexibility...being able to withdraw from any machine, anywhere....and i will just keep, maybe $500-$800 in the Td account at any period of time...The tiny amount of interest lost there will be MORE then made up for in all the rebates i will be getting...

By the way, WAMU's Bill Pay happens to be very good (it doesn't have E-Bills) but other then that...i did a payment to my Chase Credit Card and it went electronic...and arrived within 2 business days after the day i initiated the payment, so while not the fastest bill pay, it is fast enough (and not slow like some others have said).....

I think i found my perfect banking package!

The TDBankNorth deal is a way for them to accelerate profits due to the rising rate environment as Ive discussed before. This has led to record profits for the bank, and is making the shareholders VERY HAPPY. If you are a customer you need to do the math and see which account is FINANCIALLY in your interest.

With that being said, my area is getting another bank yet again (Like we didnt have enough, we have like 30 banks), and Im guessing it was Wachovia which took the spot ALTHOUGH TDBankNorth is a possibility as well. Unless its a bank with higher than 5.05%, its irrelevant to me. 4 banks competed for the spot which means 2 other banks other than TDBankNorth and Wachovia want access to NYC Metro and for the life of me I cant figure out who they are.