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ATM charges
Topic Started: May 26 2006, 05:27:44 PM (124 Views)
ABCDiamond
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I've read a lot of comments about the charges made by Australian banks for ATM usage over the last two years, and often reply saying that people needn't pay these fees, if they get the right account.

It seems like the UK is the same in some respects
Quote:
 
Consumers are estimated to have spent £140m on cash machine charges in 2004 according to Nationwide Building Society.
http://www.which.net/campaigns/personalfin...anking/atm.html

Maybe its just the new migrants and temp workers to the UK that get caught with these fees. I assume the locals know how to avoid them ;)
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Tiredwithtwins
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ABCDiamond
26th May, 2006 - 08:27am
I've read a lot of comments about the charges made by Australian banks for ATM usage over the last two years, and often reply saying that people needn't pay these fees, if they get the right account.

It seems like the UK is the same in some respects  http://www.which.net/campaigns/personalfin...anking/atm.html

Maybe its just the new migrants and temp workers to the UK that get caught with these fees.  I assume the locals know how to avoid them ;)

hmmmm.........the high street banks dont charge to use mainstream atm machines. the ones that charge are the machines that are popping up in pubs/clubs/restaurants/corner shops.......i used one the ohter week at a garage (cos the bank ones were down and i was in a hurry) and got charged £1.75 just for withdrawing £20!!
I think the ones in pubs/clubs must make a bluddy fortune - when i was a youngster you went out with a tenner and it lasted -when you drank your tenner it was home time! now, you can get cash just about anywhere.....and i would imagine these pub/club machines just prey on people when they are possibley vulnerable and not fully in control of their thought processes (ie drunk!!! lol!) - it gives them the option of partying for longer....the pub/club makes more money and the poor customer is several quid shorter!! Must admit, in light of recent events around cash machines, i usually go into the bank during the day and use the inside machine, or get cashback when im buying stuff......dont trust the hole in the wall atms any more :no:
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ABCDiamond
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Looks like it may be set to be changing:
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Earlier this year, HBOS sold over 82 per cent of its free non-branch cash machines to Cardpoint, which is seeking to convert these to charging. If other banks do the same, free cash machines away from branches may quickly become a thing of the past. Free cash machines in branches will constitute the minority of the entire cash machine network in the UK.

Quote:
 
More than one in four people still don't realise that they will be charged for taking cash out at convenience machines.

Maybe it will end up the same as here, where ATM transactions are only Free at the bank you are with.

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Tiredwithtwins
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Quote:
 
More than one in four people still don't realise that they will be charged for taking cash out at convenience machines


i find that quite amazing.....cos any machine i have used always says either 'you wont be charged' or 'you will be charged-do you wish to continue?' I must admit I use mainly the big banks atms, or like the other week the convenience one that charged me £1.75 - and that did warn me and ask me if i wished to continue with the transaction.

think its a lord woolf scenario with bank charges - the warning could be written in huge red letters on the opening page and people would still not take any notice :D
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Tiredwithtwins
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had an email from a pal down in central london - their convenience shop atms charge £3.75!!!!!

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