ATM usage fees
An ATM fee is charged by banks and ATM operators as compensation when (mostly foreign ) customers withdraw cash from automated teller machines ( ATM ) cash. There are two types of charges: operator charges (also: direct customer fees, English: access fees ) requires the operator of a machine directly from contrasting customers. Publisher charges required by the issuing bank by the customer that it takes off at strange machines. Consumer advocates have criticized this publisher charges that the customer in a foreign ATMs will not know at the time of withdrawal, which sum is to ask him his card-issuing bank for this bill. There are also inter-bank fees demanded by the machine operator from the card-issuing bank.
- 2.1 European Union 2.1.1 Germany 2.1.1.1 ATM networks
- 2.1.1.2 history
- 3.1 Canada
- 3.2 USA
Asia / Pacific
Australia
Since March 3, 2009 ATM operators may impose direct customers pay in Australia. The Australian central bank ( Reserve Bank of Australia ) so expect an improvement in the Wettbewerbssystuation and an increase in efficiency in the Australian ATM system. Most banks ( Commonwealth Bank ( CBA), Australia and New Zealand Banking Group and Westpac / St.George ) charge an "ATM service fee" of 2.00 AU $ Australian dollar for withdrawals and balance inquiries for foreign customers, NAB calls for a withdrawal 1.50 AU $ ( 0.50 AU $ for a query ), Suncorp takes 2.20 AU $ (0.80 AU $ for a query ). Independent operators also charge slightly higher fees for sites in pubs and clubs.
Bendigo Bank raises than the card issuer a fee of AU $ 1.00 for the disposal of foreign GA. ANZ, Bank of Queensland, BankWest, CBA, Suncorp and Westpac / St.George raise any publisher charges for foreign orders. ING Orange Everyday subsidiary provides its customers paid GA fees if the withdrawal is at least AU $ 200. When a customer uses an electronic terminal instead of an ATM, he shall receive a credit in the amount of 0.50 AU $.
Bangladesh
There are several ATM networks in Bangladesh. Leader Dutch -Bangla Bank has the largest network, which also contains many other member - banks are connected. Dispositions within the network remain free of charge for the customer, however, be weighed Dutch- Bangla Bank members an interchange fee of 10 BDT ( approximately € 0.10 ) per transaction.
Hong Kong
In Hong Kong, there are three ATM networks: ETC (HSBC and Hang Seng Bank) JETCO (all other banks) and Æon. The use of ATMs is against free as long as you remain in its own ATM network. Outside of the specific network service fee of HK $ 30 will be charged. For withdrawals with credit cards usually no direct customer charges shall be levied.
India
As of April 1, 2009 the Reserve Bank of India ( Reserve Bank of India ) has prohibited the collection of all banks ATM charges. Previously required banks between 10 INR and 35 INR per transaction. For withdrawals with credit cards and at foreign ATMs Indian banks may charge fees. In addition, the RBI restricts the use of Indian credit cards abroad; VISA cards from India wear by default marked: " Valid in India and Nepal only". This is due to the restrictive foreign exchange policy of the country. Currently the ban on ATM fees was repealed and re-introduced the original scheme. Fees vary from bank to bank, ranging from 12 INR to 50 INR.
Iran
In Iran, there is only one ATM network operators, Shetab. Within this network, no withdrawal fees may be required.
Pakistan
In Pakistan, banks usually charge a fee of up to 10 PKR 35 PKR ( about 0.10 € to 0.30 € ) for foreign orders. These fees are intended to cover the transaction costs for the transit of foreign decrees. There are two GA systems, which is operated by a consortium of banks, and MNET, behind which the MCB Bank Ltd.. stands. All Pakistani banks belong to one of the two systems. Some banks (such as the Allied Bank and HSBC ) take over the foreign disposal charges and allow their customers nationwide lifting no cost.
Sri Lanka
In Sri Lanka, banks charge a fee of 50 LKR ( about 0.30 € to 0.50 € ) for orders of other customers.
Thailand
In Thailand a credit card fee of 150 THB (€ 3 to € 4) is added to the amount paid out since 1 June 2010 to the most ATMs. In addition, the usual charges will apply, ask the credit card companies to cardholders charged. ATMs of the Japanese bank Æon cash withdrawal is free of charge.
Europe
European Union
The Regulations to the European Payments Area SEPA require that cross-border transactions are priced the same as domestic. These rules apply from 2002.
Germany
The German ATM operator have an ATM, will be entered for organizing and representing the German banking industry is responsible. ATM operators in Germany could require the card-issuing bank an interchange fee in any amount up to the new regulations of 15 January 2011. The card issuing bank demanded payment from a foreign disposal contrasting customers.
ATM networks
Most banks take part in a composite machine, which enables its customers of charge -free removal. The following machine networks:
- Savings Banks Finance Group - although not related to ATM group, the members of the group of savings banks adopted mostly among themselves the withdrawal fees, about 25,000 ATMs (as of January 2010)
- Bank card service network - Offer in BVR - Federal Association of German Cooperative Banks for VR-Bank people and Raiffeisen banks and PSD banks at a reduced fee, which is usually taken from the house bank, about 19,000 ATMs (as of January 2010)
- The Cash Group (including German bank, Commerzbank, UniCredit and its subsidiaries and other members) have approximately 9,000 ATMs
- Cash Pool - Federation of smaller private banks ( BBBank, National Bank, Santander Consumer Bank, Sparda banks, Targobank, ...), where membership in the Cash Group is too expensive ( over 2,900 ATMs to 1,900 addresses )
The banks of the Federal Association of German Banks have committed themselves to demand more than € 1.95 for disbursement as of 15 January 2011. Savings and cooperative banks want to charge significantly higher fees. At the same time the invoicing process has been changed. Charges for withdrawals girocard cards will be charged from that date exclusively from the ATM operator and not from the card-issuing institution. This new direct customers pay, it is possible to display the cost of withdrawal prior to the payment and withdrawal still cancel before charges are incurred.
In addition, accounting statements may apply for the use of ATMs. These are not subject to judicial control content, because they regulate the fee for a special performance of credit institutions, as they are available around the clock for withdrawals are available. However, then a free withdrawals at bank counters of the bank shall must be possible.
Navigation systems and smart phones make it easier for their users to find them for free ATMs near you. There are apps for iPhone and smartphones with the Android operating system.
History
The German ATM agreement originally provided a maximum fee agreement in respect of the interbank payment amount. Which governed that with orders to 400 DM for a fee of 4 DM, with higher amounts of was raised by 1% of the total raised. There was a maximum charge: The ATM operator could put smaller amounts in Invoice ( so the savings banks established among themselves DM 1.50 in account). The bank will transfer these amounts usually loaded without increases or reductions to the account holder on, so that the maximum charge in practice constituted a fixed price.
Mid-1990s was the BfG with their free salary account in the market place. Due to the small network of branches and ATMs BfG their customers use disproportionately the ATMs of other banks. In order to reduce the attractiveness of this offer BfG (and later the direct banks ), the German Savings Banks and Giro Association announced the maximum charge agreement on March 1, 1997 with the aim to reach a new contract with higher prices.
After the Federal Cartel Office had expressed strong concerns about the approval ability, the new maximum fee agreement was withdrawn in the summer of 1997. Since that time, there is no uniform rule more.
Since that time, the interchange fees have risen considerably - as a result, the banks demanded higher and higher foreign tariffs available from their customers. Individual institutions demanded € 10 for a foreign available.
The ATMs in the current card system include individual banks for withdrawals using debit cards from other banks (so-called " foreign Withdraw" ) may charge a fee, the interchange fee. This is in Germany up to 10 euros for a cash withdrawal. The actual cost is estimated at € 0.60. The private banks have been pushing for regulation and proposed a maximum height of 2 euros, while the Savings Banks Association has proposed a maximum height of 5 Euro.
As a result, the individual bank groups formed alliances payout. After the savings and cooperative banks were formed 1999/2000 the Cash Group of big banks and the cash pool of smaller private banks. This tried the private banks to reduce the competitive advantage of the savings and cooperative banks through their extensive network.
In March 2010, the Federal Cartel Office stepped in with a check. The banks then agreed on a change in the system from 2011. From then on, the interchange fees to be abolished and take their place a free determinable operators pay, which is displayed to the customer at the beginning of the withdrawal on the screen. Thus, price competition is to be initiated.
The proposal of the private banks, an introduction of a maximum fee of 2 €, the savings agreed in the summer of 2010 not to, but called for a maximum price of € 5. The policy response was to talk about legal requirements.
Finland
Withdrawals are free of charge for owners of a Finnish bank card or VISA Electron card at any ATM of the brand " Otto. ", Which forms the largest GA- network in Finland. There are smaller competitors, at the GA- fees are due.
Great Britain
After a campaign by consumer advocates and tabloids, British banks had to give 1999 foreign disposal charges to its customers and offer foreign orders free of charge. Internally, interchange fees are levied, which carries the card-issuing side itself.
About the branch network of banks, there is an increasing number of ATMs operated by independent service providers in car parks, discos and other locations. Here is a direct customer fee is charged, which in 2005 between £ 1.00 and £ 1.50, was but occasionally up to 5 pounds or 10 pounds could be .. In GAA of Abbey National no payment is due. There was some discussion about GA locations in rundown neighborhoods where banks had given up their presence. The rules governing the display of direct customer charge on the device were specified in 2005.
Ireland
The Financial Regulator prohibits all GA- charges in the Republic of Ireland.
Netherlands
ATM withdrawals in the Netherlands are free of charge. For foreign orders, however, there is a limit of one withdrawal per day and the credit limit is lower than in the private bank.
Austria
In Austria no room charges for their own or other customers have been calculated at the ATM originally. In 2010, individual bank areas such as the Raiffeisen -Landesbank Tirol began to anticipate fees for withdrawals by customers of other banks, causing great criticism for example, led the Association for Consumer Information. 2011 tried to follow this example, the Raiffeisenverband Salzburg. Meanwhile, both banks charge between 60 and 80 per cent recovery.
Portugal
All Multibanco withdrawals and transfers in Portugal are free of charge.
Spain
For withdrawals from foreign customers demand ATM be operated banks a direct Kundnenentgelt of around € 0.50 per withdrawal.
Sweden
Swedish banks usually give out debit cards in their annual or monthly fee, all withdrawals are covered in Sweden and within the euro zone. For withdrawals in other parts charges shall be levied.
Switzerland
The usual fee for the withdrawal at a foreign bank is 2 SFr .. All Swiss banks issue Maestro debit cards, so that every ATM can be used.
North America
Canada
Canada's banks operate the Interac network; here is a transaction fee of C $ 1.50 is charged for foreign orders. For several years, are also independent ATM operators in the market, which require a direct customer fee for withdrawals. As a consequence, increased Canadian banks require this service fee for withdrawals from foreign customers, which is charged to the customer in addition to Interac -Fee.
USA
Prior to 1988, there was no direct charges by ATM operators in the U.S.. Began in 1988, the Valley Bank of Nevada charges at ATMs to require in or casino in Las Vegas - from cards that were not issued by the Bank Vallay. Gradually allowed different card systems, including national brands Plus and Cirrus, the so-called " surcharging " by ATM operators. Prior to 1996, the operator charges amounted to approximately U.S. $ 1 - according to a study of state consumer organization Public Interest Research Group in 2001.
As banks and operators recognized the profit potential from foreign orders, they raised the fees. Today, the operator charges amount to U.S. $ 2 (2003 ), but up to 6 U.S. $ amount to cash -intensive locations such as bars or casinos even more. In cases where charges both to the issuing bank ( for foreign orders at other ATMs ) and at the ATM operator ( direct customer paid) must be paid, the total load for the customer can add up to U.S. $ 11. Independent ATM operators (Independent Sales Organizations (ISOs ) ) are the driving force behind the setting up of more and more ATMs in the United States - they currently operate over 60 % of the 396,000 ATMs in the United States. There are concerns that the U.S. market is oversaturated, so will the volume of charges a profitable operation is no longer safe and the number of devices to go back.
A new form of payment in the market is the rejection fee (Denial Fee ) to be paid by a customer if he wants to withdraw more money than their account balance or limit allowed. As a backlash against the multiple taxation of customers, some banks have in the U.S. ( such as USAA and E-Trade Bank) started abzuverlangen no foreign disposal charges to its customers and, furthermore, to reimburse its customers any charges other operators. For customers of these banks can withdraw free of charge anywhere. Another way to inexpensively to get cash is to use the cash payout ( cash back ) at checkouts of supermarkets and gas stations if you pay by debit card.