I thought it would be helpful to start a thread listing all banks that offer free ATM use at all ATMs (even ones not owned by the bank in question). I'm sure I'm not alone in wanting to jump ship from BOA (their customer service has become terrible over the past couple years), but I've stuck with them because of the convenience of finding free ATMs everywhere. I would happily jump ship to any back offering me free ATM use/ATM fee refunds. I searched and didn't find a thread devoted to this issue. Please respond with the name of banks that offer this service. I hope others find this helpful!
Update: I just wanted to thank everyone for their great replies! This is very helpful. Thanks all!
E*Trade Bank - unlimited refunds (3.25% checking, must have direct deposit ($200+), or $5000 avg, or $50k in all E*trade accts to avoid monthly fee) GMAC MMA (savings) - $6/mo refunds (currently 5.30%, min $500) USAA - $15/mo refunds Imperial Capital Bank iChecking - unlimited refunds First Internet Bank - $6/mo refunds
kranky
Ancient Member
posted: Jun. 1, 2007 @ 9:16p
National City Elite Checking - unlimited
Xeon852
Senior Member - 1K
posted: Jun. 1, 2007 @ 9:38p
fixed ebank
montee4
Senior Member
posted: Jun. 2, 2007 @ 1:34a
kranky said: National City Elite Checking - unlimited
Up to $1.50 per transaction, so for example if you use an ATM with a $2 fee, you are out .50.
craig10x
Senior Member - 5K
posted: Jun. 2, 2007 @ 1:41a
montee4 said: kranky said: National City Elite Checking - unlimited
Up to $1.50 per transaction, so for example if you use an ATM with a $2 fee, you are out .50.
that's not so cool in these days of alot of atms charging $1.75 or even $2.00
I'll add another one to the list: State Farm Bank..Unlimited atm rebates of any amount as long as you have either direct deposit OR any ACH IN for the month (they specifically mention either will do it)....This is on their no balance requirement, zero interest checking account....
Also Ebank's Efree checking was has no balance requirement and pays 3% APY has Unlimited Rebates also....
I like Schwab. Big name. Good website. Good service.
craig10x
Senior Member - 5K
posted: Jun. 2, 2007 @ 9:20a
update for OP...State Farm Bank now actually gives unlimited atm rebates on their checking account if you either have a direct deposit go in once a month OR and ACH IN from another bank of any kind.....If you don't do either of those, then it would be the $10 rebates as you mentioned....oops...never mind..i see you already updated it with that info....
Cool thing with them is you don't have to sneak in a simulated DD they actually allow it....LOL
I opened an acct with Century Bank in Dallas, TX and came to know that ATM is free anywhere. They even refund the fee the other ATM charges. They said they have a software which tracks how much they charge and will refund the fee. I still have the acct although I am here in Denver now.
Monthly direct deposit to your Smart & Easy Checking account Automatic monthly payment to a Mechanics Bank loan 5 or more monthly online bill payments through MechDirect Internet Banking $1,000 minimum monthly balance in the Smart & Easy Checking $5,000 or more combined deposit balances
ATM Surcharge Rebates*: Unlimited ATM surcharge rebates available when any one of the above fee waiver criteria is met (no additional balance requirements).
* Actual rebate amount depends upon the actual surcharges incurred.
**When you fulfill any one of the "Five Easy Ways to Get Free Checking", the monthly service charge will be waived. If you do not fulfill one of these criteria in any given month a service charge, not to exceed $8.00, will be assessed and ATM surcharge fees will not be rebated for that month.
krs123
New Member
posted: Jun. 2, 2007 @ 4:55p
BankDirect BankDirect Also offers mileage account, been using it for last 7 years.
Citibank $500K brokerage/deposit unlimited ATM rebates Citibank $500K deposits/brokerage and loans including first mortgage 6 ATM rebates per month
Smith Barney unlimted ATM rebates
BOA PB unlimited ATM rebates
Wachovia CA accounts 6 ATM rebates per month
DiscountSAE
Member
posted: Jun. 2, 2007 @ 8:20p
What does Schwab charge for currency conversion? Please specify if fees for debit card use and ATM withdrawl in countries outside the US.
Thanks.
I am currently deabating about if I should use paypal or schwab for banking when I go abroad from Sept-March.
taoufik
Member
posted: Jun. 2, 2007 @ 9:10p
TD Bank Northoffer No ATM Fees If you live in NJ/PA/NY/CT (they refund the fees I get charged at the end of my statement monthly cycle)
The good thing the mention"No ATM Fees" is written on the Visa Debit card
Liberty Bank offer break free checking ( U need to visit one of their branches in Connecticut to open the checking, )
* We’ll never charge you to use any ATM, anywhere. * We’ll refund any fees other banks charge for using their ATMs. * Your refund will show up on your very next checking statement. * No minimum balance requirements. * No direct deposit requirements. * No monthly maintenance fees.
What else?
* FREE Online Banking with Bill Pay * FREE Liberty style checks * 24-hour LibertyLine telephone banking * 6-day-a-week live contact with our Customer Service Center * A Debit MasterCard with 24-hour ATM/debit card access.
I don't like mentioning bank that offer "No ATM Fees" with restriction, minimum balance...like commerce bank or PNC.
This is slightly off-topic, but some brokerage firms issue ATM refunds. I mention this because many people, myself included, utilize my brokerage account as my bank. For example:
Fidelity offers ATM refunds, see: http://personal.fidelity.com/products/checking/content/investment_rewards_card.shtml.cvsr Other institutions may assess ATM fees for use of ATMs in their network. Fidelity accounts coded Premium, or Private Access, or held by customers with householded annual trading activity of 120 or more stock, bond, or options trades, will be reimbursed for ATM fees charged by other institutions while using debit cards linked to the Fidelity Account (maximum reimbursement of $2.50 per ATM transaction, up to $75 per year)
Ameriprise: see page 17 of: http://www.ameriprise.com/amp/global/docs/8020.pdf Other ATM owners may impose surcharges. Ameriprise Financial will reimburse your account for up to four ATM surcharges totaling $6.00 per month if you have $25,000 or more in assets in your brokerage account
Not bashing your thread, but why do you use an ATM? I can't remember the last time I used an ATM. You can get Cash Back at virtually any store that accepts debit cards. I rarely use cash anyway, but when I need it, I just get some when I am at the grocery store. My current bank has ONE ATM (community bank) and I would not change banks on ATM fees alone for the fact that they can easily be avoided.
Drew510 said: Not bashing your thread, but why do you use an ATM? I can't remember the last time I used an ATM. You can get Cash Back at virtually any store that accepts debit cards. I rarely use cash anyway, but when I need it, I just get some when I am at the grocery store. My current bank has ONE ATM (community bank) and I would not change banks on ATM fees alone for the fact that they can easily be avoided.
Does your housekeeper take a debt card? Or how about the doorman or valets or delivery man or your gardner etc?
Do you need me to list more people who dont take debt cards? Like the hot dog stand, roach wagon etc
DiscountSAE
Member
posted: Jun. 4, 2007 @ 8:52p
Not bashing your thread, but why do you use an ATM? I can't remember the last time I used an ATM. You can get Cash Back at virtually any store that accepts debit cards. I rarely use cash anyway, but when I need it, I just get some when I am at the grocery store. My current bank has ONE ATM (community bank) and I would not change banks on ATM fees alone for the fact that they can easily be avoided.
Traveling worldwide, I need an ATM, and lots of retailing don't offer Cash Back overseas.
One of the main reasons I've kept this account. It credits the amount after transaction fee from bank. Works great. Maximum depends on which account you have.
taoufik said: TD Bank Northoffer No ATM Fees If you live in NJ/PA/NY/CT (they refund the fees I get charged at the end of my statement monthly cycle)
The good thing the mention"No ATM Fees" is written on the Visa Debit card
Be careful with TD BankNorth. They will charge a 1% fee for withdrawing money overseas and the branch managers are unwilling to take this off without escalation to corporate. State Farm Bank does not have this issue.
smahs said: ... some brokerage firms issue ATM refunds. I mention this because many people, myself included, utilize my brokerage account as my bank. For example:
Fidelity offers ATM refunds, see: http://personal.fidelity.com/products/checking/content/investment_rewards_card.shtml.cvsr Other institutions may assess ATM fees for use of ATMs in their network. Fidelity accounts coded Premium, or Private Access, or held by customers with householded annual trading activity of 120 or more stock, bond, or options trades, will be reimbursed for ATM fees charged by other institutions while using debit cards linked to the Fidelity Account (maximum reimbursement of $2.50 per ATM transaction, up to $75 per year)...
I just called up Fidelity about this and they told me that the rebates apply only to domestic transactions, and not to foreign transactions (which are assessed a 1% Visa foreign transaction fee + $1 Fidelity fee per transaction). If anyone knows differently, please tell... BTW, this is for the Fidelity Visa Gold Check Card.
Even Citibank, about $6/mo, for internet-established checking accounts (but be careful, thes eaccounts are generally not free w/out DD, unless you do some tricks.
jlkc said: smahs said: ... some brokerage firms issue ATM refunds. I mention this because many people, myself included, utilize my brokerage account as my bank. For example:
Fidelity offers ATM refunds, see: http://personal.fidelity.com/products/checking/content/investment_rewards_card.shtml.cvsr Other institutions may assess ATM fees for use of ATMs in their network. Fidelity accounts coded Premium, or Private Access, or held by customers with householded annual trading activity of 120 or more stock, bond, or options trades, will be reimbursed for ATM fees charged by other institutions while using debit cards linked to the Fidelity Account (maximum reimbursement of $2.50 per ATM transaction, up to $75 per year)...
I just called up Fidelity about this and they told me that the rebates apply only to domestic transactions, and not to foreign transactions (which are assessed a 1% Visa foreign transaction fee + $1 Fidelity fee per transaction). If anyone knows differently, please tell... BTW, this is for the Fidelity Visa Gold Check Card.
Do you have $500K or $1 Million to get coded as Premiere or Private Fidelity customers? Or do you do 120 trades per year? Considering the first 35 trades a year are $19.99 + the next 85 trades are $10.95 all trades after that per year are $8. You would have to be stupid, braindead and locked up to even consisder following this route to get $75 in ATM rebates per year. It would cost you $1634.24 in trades. Compare that to BOA or Wells Fargo online trading commisions would save you most of thoses commisions if not all of them leaving you with over $1600 to pay for your own ATM fees.
Yes, we have enough assets there to have the special account coding due to having a 401K account there (we had no choice for which brokerage the company chooses to handle their 401K program, but I have to say, Fidelity's 401K program is better than others we have had to use over the years). Since we did, I wanted to find out more about the rebates, so I did and passed on the info. I don't believe I am "stupid, braindead, and locked up" for considering following this route since we already qualified due to our 401K holdings.
jlkc said: I don't believe I am "stupid, braindead, and locked up" for considering following this route since we already qualified due to our 401K holdings.
Read what I said. Unless you have $500K or $1 million the rebates are a joke if you qualify for them based on your trading activity.
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