Using a bank not part of your bank’s network has always come at a price, but that price is higher than ever, according to a recent study.
The average out-of-network ATM fee has risen to $4.52 per transaction—a jump of 4% over the last year, and 21% over the past five years. That’s including the fee usually charged by your financial institution, which is separate from the fee charged by the ATM owner.
Taking cash out of an ATM using your credit card is an even worse idea. Cash...
One of the convenience features built into most credit cards allow customers to withdraw money directly from ATMs in exchange for added fees and interest on the said amount to your credit card. Before making the decision to use a cash advance, you should fully understand all of the terms of your card and know what limits and costs you may be facing. Let's learn about the different types of cash advances and when they are and are not a good idea.
Types of Cash Advances
There are two main...
Technology is making it so simple to have information on demand and with MasterCard's new application for the iPhone and iPod, finding an ATM is just a brief touch away. The application, now available on the Apple App Store, allows users to find out the exact location of ATM's regardless of their location around the world. The MasterCard’s “ATM Hunter” application helps customers not only find the location of the nearest ATM but the users can even get more advanced help.
It is...