BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Only use ATMs close to your house
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Only use ATMs to withdraw cash
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Only use ATMs in your banks network
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Only use ATMs you have used before
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Detailed explanation-1: -Find in-network ATMs As such, sticking to in-network ATMs is a simple way to avoid these costs. An ATM owned by your bank or credit union, or one that’s within the bank’s partnered ATM network (such as Allpoint or MoneyPass), won’t charge the out-of-network fee.
Detailed explanation-2: -ATMs are convenient, allowing consumers to perform quick self-service transactions such as deposits, cash withdrawals, bill payments, and transfers between accounts. Fees are commonly charged for cash withdrawals by the bank where the account is located, by the operator of the ATM, or by both.
Detailed explanation-3: -“The ATMs that belong to your financial institution (bank or credit union) will generally offer free withdrawals.” If you want to get cash without paying an ATM fee, leverage your bank’s ATM locator.