InvestorQ : How can I reduce my ATM transaction charges?
ramya Bhaskaran made post

How can I reduce my ATM transaction charges?

Answer
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Manisha Mehta answered.
1 year ago


This is a very good question. Most of us don’t realise that we got in to the habit of running to the ATMs whenever we were short of cash only recently. This is a development of past decade only and prior to that, every individual used to visit the bank to withdraw money on a regular basis.

However, with banks charging customers for their transactions, it is the need of the hour that we learn how to reduce the number of times we need to visit the ATM.

- Use your card more frequently so that you don’t pay in cash. Most shops and stores have the facility of credit/debit card readers, so use this extensively.

- Pay your bills online. There are a number of apps that not only allow you to pay your utility bills online but also remind you when your bill is due.

- Use net banking services provided by your bank to conduct financial transactions. So, the next time you owe someone some money, just transfer it to that person’s account electronically. You can do this by using the bank’s mobile application or by using their website.