BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Most banks and credit unions have a network of ATMs that offer free access to your money. But if you go outside of the network, a fee may be imposed, including: ATM operator fee. Also known as the surcharge, an operator fee is charged by the ATM owner to noncustomers using its ATMs.
Detailed explanation-2: -Banks charge non-customers $1.50 to $3.50 at their ATMs, but non-bank ATM operators often charge more, up to $10 per transaction.
Detailed explanation-3: -The number of free transactions at other bank ATMs in metro cities is three and in non-metro cities is five. Post that, Rs 21-plus applicable taxes-will be charged for cash withdrawal and Rs 8.50, along with taxes, will be charged for non-financial transactions.