Bank Visit Charges

Do you keep count of monthly visits to your bank branch? If not, you should start now because there is a hidden charge applied without even realizing.

This might come as a surprise to most of us but “yes”, private banks charge a service fee for every visit beyond a specified limit. If the number of cash deposits and withdrawals from a branch is high, then the bank charges a cost for using services of additional staff that include the cashier, tackling fake currency and paying for extra security. So in order to avoid these hidden charges, users can start visiting the prescribed banks ATM for cash withdrawal instead of visiting your bank branch.

ATM Charges

Did you know that using an ATM also costs? Well, not for using your bank ATM, but users are definitely charged for using other bank ATMs.

Usually, it’s a known fact that first five transactions at other bank ATMs are free. On your sixth visit, the bank charges up to 20 per transaction. Although the charges vary from bank to bank, at the end of the day you’re just being charged.  So the only way you can avoid this is to visit the ATMs of the bank where you hold your account.

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