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Post by Pete on Aug 28, 2024 9:49:19 GMT
Getting cash back when paying with a prepaid or debit card used to be a free service that retailers happily provided to their valued customers. Now, large retailers apparently value their customers' money more than they value the customers.
The Consumer Financial Protection Bureau (CFPB) says big national retailers like Dollar General, Dollar Tree/Family Dollar, and Kroger are charging cash-back fees, even for small amounts. Coupled with a decrease in local bank branches and growing ATM fees, consumers are paying millions of dollars to access their money.
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dave2
Junior Member
Posts: 57 
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Post by dave2 on Aug 28, 2024 14:09:19 GMT
I still pay cash for most day to day expenses. Hit a local ATM, draw out a couple of hundred and live on that for a few days and then repeat. The ATM's naturally deduct a fee ($3.50 in most cases) but my bank reimburses me for the fee. Some military service thing that's been going on for as long as I can remember. You had to show your discharge form to get it started. A nice little "perk" that's been going on (in my case) for years and I imagine has added up to quite a nice little sum.
Without it, might not be so quick to use ATM's.
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Post by Pete on Aug 28, 2024 14:50:11 GMT
Dave, same here. I don't use any kind of card often. I prefer paying with cash, which I withdraw from my savings once a month.
Thank you for your service, sir.
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Hank
Full Member
Central MN Alexandria on Interstate 94
Posts: 190
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Post by Hank on Aug 28, 2024 18:30:12 GMT
Yes Dave thank You for your willingness to serve.
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