InvestorQ : Is every transaction I make in the ATM chargeable?
Neha Samdani made post

Is every transaction I make in the ATM chargeable?

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1 year ago
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No. Every ATM transaction is not chargeable.

Every bank offers three free transactions to its customers every month. Thus, any transaction you make after the third one will be charged according to the charges as set by the banks.

Please note, these free transactions need not be financial transactions only. In fact, they include financial as well as non-financial transactions.

Financial transactions are:

- Cash withdrawal

- Depositing cash

Non-financial transactions are:

- Making a balance enquiry

- Changing your debit card’s ATM pin

- Requesting a mini statement

- Booking/ investing in a Fixed Deposit via the ATM

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