Avoid ATM Fees; Increase Family Savings
ATM fees are almost as bad as parking tickets. It’s your money, so why pay to get it out of the bank? Especially now, with fees reaching $5 per withdraw, it’s time to increase your family savings, while also reducing your ATM fees. Here are some quick tips to keep more money in your family savings accounts and less going to the bank:
- Open an account with an online bank
- Only withdraw money from your bank’s ATM network
- Get cash when you know you’ll need it
- Use a family savings bank that reimburses ATM fees
- Get cash back at point-of-sale when using your debit card
Many online banks do not charge ATM fees – find one that has ATMs in your area.
Banks won’t charge you fees at their network of ATMs. Open a family savings account near your home or work
If you’re going away on vacation or know you’ll be shopping somewhere that only accepts cash (like farmers’ markets, small local businesses, etc.), withdraw some money at your bank ahead of time.
Some banks, such as Ally Bank or Schwab will reimburse your ATM fees, no matter where you withdraw money.
Entering your PIN at the grocery store and taking out the cash you need is convenient and free. Some locations will limit the amount of cash back you can receive.
Avoiding ATM fees is a quick and easy way to increase family savings. Getting hit with fees by the bank you are withdrawing from, in addition to whatever your bank charges, can be a family savings killer. Doing any of these five tips will be a great start to increase your family savings!
