My Tip on no more ATM Fees forever..

[NightShift]

My Tip on no more ATM Fees forever..

I know these shops prefer cash, they always make a face and give me a lecture about how I must pay in cash next time (to pay the girls) and that $3 ATM fee always makes me mad.

I signed up for a free account with Macquarie bank = why? No ATM fees forever! (Thank fuck!)

The ATM will say it’s gonna charge you $3 to withdraw cash, I hit yes. Then I get a notification on my iPhone saying Macquarie bank will cover the ATM fee. Excellent!

I no longer have to go on a wild goose chase hunting down an ATM that isn’t going to charge me $3.

Just a tip if that $3 ATM fee stung you last time (like it did for me the last 42 times last financial year…fuck..)

[konfuzion]

I think ing same thing

[priapus1966]

I think that Ing doesn't charge a fee on overseas transactions either, though I'm open to correction on that. If you are "on tour" it's generally much better from a currency conversion point of view to pay in local currency if using a card. But in many countries the best deals of all can be got with cash $US .

[dt333]

To get the best exchange rates use Air Wallet or Wise.

[CursedCoomer]

Might have to try this out so I don't have to fuck around and walk to an atm on the other side of the country to avoid fees

[NightShift]

And no international transaction fees too!

Also the “Macquarie bank transaction account” has 4.5% pa interest while the money is just sitting in my account waiting for me to go spend it on some fun… my everyday bank account with the commonwealth bank debit card isn’t giving me any interest…

My coworker also told me to join Macquarie bank last year.. just to avoid those stupid ATM fees… I should’ve listened last year…

And “invest with queenie” also said you
Can buy discounted gift cards with Macquarie bank too!

[krnboy]

I just go to any woolies or Coles and cash out with no fee

[stapman]

I just go to any woolies or Coles and cash out with no fee
Yep this. This is the way.

[NightShift]

Good idea… but they are not open at 10:30pm-11pm when I wanna go have some fun..

[Flasher]

I love the convenient of tapping away with card or phone but I always carry cash in my wallet I don't feel right or comfortable when my wallet is empty.

[scrim57]

Just go to woolies

[Wank_Somemore]

I think that Ing doesn't charge a fee on overseas transactions either, though I'm open to correction on that. If you are "on tour" it's generally much better from a currency conversion point of view to pay in local currency if using a card. But in many countries the best deals of all can be got with cash $US .

That's being changed from August '23. True ING doesn't charge you fees but if the ATM operator does charge a fee, then you'll need to pay. This sucks because Thai ATM's charge an exorbitant fee. Roughly $10 aussie each time.

Does Mac Bank require you do silly things to access free ATM withdrawals? That's one of the things I hated about ING, making min. 5 transactions per month. Got fat on Maccas soft serve because I would get 2-3 in a row sometimes haha

[konfuzion]

That's being changed from August '23. True ING doesn't charge you fees but if the ATM operator does charge a fee, then you'll need to pay. This sucks because Thai ATM's charge an exorbitant fee. Roughly $10 aussie each time.

Does Mac Bank require you do silly things to access free ATM withdrawals? That's one of the things I hated about ING, making min. 5 transactions per month. Got fat on Maccas soft serve because I would get 2-3 in a row sometimes haha
I can do 5 trans in hour 555 no one use cash now I use watch ing good bank in asia

[NightShift]

That's being changed from August '23. True ING doesn't charge you fees but if the ATM operator does charge a fee, then you'll need to pay. This sucks because Thai ATM's charge an exorbitant fee. Roughly $10 aussie each time.

Does Mac Bank require you do silly things to access free ATM withdrawals? That's one of the things I hated about ING, making min. 5 transactions per month. Got fat on Maccas soft serve because I would get 2-3 in a row sometimes haha

Nope, just sign up for a “premium transaction account” for free. That’s it, no hidden fees with Macquarie bank too….

I used my Macquarie bank debit card yesterday at the Shop ATM at N5M. Goodbye stupid $3 ATM fee!

[Flasher]

yup cash is King it feels good holding on to green & brown notes this is why I don't understand people line up at the ATM to withdraw 20 or 50 why not just withdraw for the week especially white people no offence lmao

[priapus1966]

That's being changed from August '23. True ING doesn't charge you fees but if the ATM operator does charge a fee, then you'll need to pay. This sucks because Thai ATM's charge an exorbitant fee. Roughly $10 aussie each time.

Does Mac Bank require you do silly things to access free ATM withdrawals? That's one of the things I hated about ING, making min. 5 transactions per month. Got fat on Maccas soft serve because I would get 2-3 in a row sometimes haha

You are correct, Ing brought about this change on overseas withdraws between my post and yours (Change is Effective 1 August 23) As well as the 5 transactions per month they also require a minimum of $1000 to be deposited every month. I think that the balance at the end of the month also has to be bigger than at the first of the month. Too many rules to avoid a fair interest payment. Might have to look at Mac Bank.

[konfuzion]

You are correct, Ing brought about this change on overseas withdraws between my post and yours (Change is Effective 1 August 23) As well as the 5 transactions per month they also require a minimum of $1000 to be deposited every month. I think that the balance at the end of the month also has to be bigger than at the first of the month. Too many rules to avoid a fair interest payment. Might have to look at Mac Bank.
1000$ easy for month from pay my friend lost money in mac bank in bkk ing big band all over world

[TARegistrar]

Very surprised some people don't seem to know about the Coles/Woolies self check out cash out option, makes life very easy if you still have a bank account with ATM fees.

[GoldfishMan]

Very surprised some people don't seem to know about the Coles/Woolies self check out cash out option, makes life very easy if you still have a bank account with ATM fees.

Can't do that if you use a credit card to pay for groceries. The cash out would be counted as a cash advance, attracting sky high interest charges.

A lot of people use credit cards for day to day spending because they can accumulate a ton of points this way. Plus you can easily get no fees CCs these days. Get a mortgage, you get a fee-free high rewards points card thrown in. Even without a mortgage you can get one, just not a high rewards points type.

[krnboy]

Cash is king. Can't see why it's not difficult to withdraw some cash from the ATM and keep it for a future punt rather than worrying about card fees.

It won't be long before cash is phased out completely by governments around the world and digital currency is introduced. The US and EU are doing it. Won't be long before Australia follows them. The banks are already limiting how much customers can withdraw. Then let's see how people will react when everything you do, spend or go to places/shops will be tracked.

I guess shops and girls that benefit from cash transactions will be hardest hit because the government will know everything since the only way to pay with be via their digital currency controlled by a central bank. They won't be able to hide their takings from the taxman.

As for punters, your punting won't be a secret anymore if you can't pay cash and want to continue punting. It's coming boys!

I've read an article many years ago and Sweden was one of the nation's who were near completely cashless. I think its about only 2% of cash floating in the country. You're right, everyone else is catching on.

[NightShift]

You are correct, Ing brought about this change on overseas withdraws between my post and yours (Change is Effective 1 August 23) As well as the 5 transactions per month they also require a minimum of $1000 to be deposited every month. I think that the balance at the end of the month also has to be bigger than at the first of the month. Too many rules to avoid a fair interest payment. Might have to look at Mac Bank.

I was going to join ING but decided not to because of all the work you need to do (that you mentioned) to get the benefits like: only 5 refunded atm fees and the 5.50% interest rate.

I picked Macquarie bank instead for the: Zero ATM fees (forever) and no international transaction fees too. Interest rate of 5.50% (but only for the first 4 months) then its 5.50% also the discounted E gift cards are good too)

And as a back up card:

I picked UBank instead of ING for doing bank interest - a rate of 5.50% (both UBank and ING have the same rate now)

[BearOrigin]

I've read an article many years ago and Sweden was one of the nation's who were near completely cashless. I think its about only 2% of cash floating in the country. You're right, everyone else is catching on.

The big 4 here is making things complicated now. They want us to go cashless yet they're increasing surcharges. It doesn't make sense at all. My aging neighbour told me she'd rather pay for everything by cash as some businesses would even give further discounts and include free delivery charges if you pay by cash.

[AHLUNGOR]

The big 4 here is making things complicated now. They want us to go cashless yet they're increasing surcharges. It doesn't make sense at all. My aging neighbour told me she'd rather pay for everything by cash as some businesses would even give further discounts and include free delivery charges if you pay by cash.

There are a few Chinese restaurants around will give you a 10% off if you pay by cash !

The Kowloon Cafe under the East Ocean on Sussex St is one.

[andrewv]

There are a few Chinese restaurants around will give you a 10% off if you pay by cash !

The Kowloon Cafe under the East Ocean on Sussex St is one.

What they’re doing is not collecting GST, and not paying GST, or corporate tax, or payroll tax or personal income tax collected by the owner in cash.

GST is 1/11th of the bill when it’s disclosed to the ATO.

[BearOrigin]

What they’re doing is not collecting GST, and not paying GST, or corporate tax, or payroll tax or personal income tax collected by the owner in cash.

GST is 1/11th of the bill when it’s disclosed to the ATO.

Most of the workers are paid roughly 50% what they should be paid according to the restaurant award wages. I remember trying to get a job at a big yumcha restaurant in Burwood once, they told me they pay $12/hr cash. People who work in these restaurants aren't as fortunate as we are, after paying their rent they don't have enough money left to punt. The only time they punt is when they win big on the pokies, and most of the time they'd rather look for MILF shops as it is cheaper.