How to withdrawal cash from any foreign ATM for free
Tired of paying money to get your money?
Fed up with having to locate ATM machines that are part of a certain
network? Commercial banks are making a killing by loaning out our
hard-earned cash many times over, oftentimes without offering more than a
fraction of a percent interest to their account holders. And it's not
enough to simply loan out more cash than they have on hand, now you're also
penalized for withdrawing from a different ATM.
That's how most major commercial banks operates
these days. Many of the larger, well-known banks don't even offer any interest
on their checking accounts. I find that to be very surprising because ever
since I had a checking account with AmericanBank,
I've been getting at least 3.00% annually. Also, I've never paid a single
ATM surcharge fee despite withdrawing cash from every obscure ATM across this
Let me tell you how this works. I'm going
to try and sell you on this idea because it's a sweet deal for the both of
us. At the end of this, without ever having to open your wallet, we'll
both end up with more time and more money; it's a total win-win.
I especially recommend this deal for anyone
considering their own bicycle tour.
Here's the scoop:
In 1999, I signed up for a free e-checking account at the newly-founded,
locally-owned AmericanBank in Allentown, PA. Since their headquarters is
also their only banking location, they had to dream up some creative
incentive programs to both attract and retain their customers. These
include free foreign ATM withdrawals, making easy deposits from any location,
and earning many times more than the average interest rate on your
Free cash withdrawals from *any* ATM wherever
you might be
Since the bank only has one physical location, withdrawals made from any
other ATM in the world would normally cost the customer a buck or two.
To overcome this problem, AmericanBank has decided to simply refund the
foreign withdrawal fees to your account. This means that as a customer,
I can walk up to any ATM anywhere in the world, make a withdrawal that costs
$2, and the next day I will be refunded that $2 into my e-checking
account. There are no member banks to hunt down or little symbols to
locate to see if an ATM is in your network or not. This makes life convenient, especially when you're always on
Earn many times the average interest on your
How they accomplish this I can only guess. Somehow, when the
rest of the country earns about a 0.40% annual interest rate on their checking
account, I am earning 3.00%. As rates change over months and years, this
trend remains the same. I have to assume this is just a result of low
overhead, absence of advertising, the efficiency of small business and lack of
powerful corporate greed. Whatever it is, it's a nice bonus at the end
of every month when I see I've earned infinitely more interest I used to with
Wachovia -- they currently offer zero
No more errands going to the bank. Ever.
Since 2001, I've lived in New York, New Jersey, Oregon and nearly
everywhere in between without ever having to visit my bank. Making
deposits and opening accounts can be done from the comfort own your own home,
or bicycle if you'd prefer. When you sign up for an account,
AmericanBank sends a bunch of pre-posted and self-addressed envelopes along
with deposit slips to you. Whenever you need to make a
deposit, just fill out a deposit slip, sign your check, and drop both of them
in the mail. In a couple days, the money will be deposited into your
account. When you need more envelopes, login to your account online and
say, "Hey, I need more envelopes," and voila, they send you
more. I haven't been to the bank in years.
This is the one that makes both you and I some easy money. If I
refer you to the bank and you sign up, you get a free $20 and I get $40.
This is the whole idea here. If all the rules pertaining to the
Refer-A-Friend program are followed, we both get paid. The one rule
that needs the most attention is the one that states that your new account must
maintain an average balance in excess of $500 for the first 90 days before
either of us get paid.
Aside from those bonuses, the customer service is
outstanding. When you call the bank, you get real people instead of an
automated voice. Their website, pcbanker.com, is simple, secure and
straight-forward. You can view all your accounts through the web, sign up
for free electronic bill payments, request a free check card, export financial
data, print reports, or whatever else you might
need to do. The only time I've ever paid any fee of any kind was when my
balance averaged under $1000 and they charged me a $5 maintenance fee. Also, there are a couple
easy but important rules to follow for the foreign ATM surcharge refund:
- The bank will refund a maximum of $6.00 over the course of one month
- Your average daily balance must be in excess of $1000 to
qualify for a refund
I've been using this bank for nearly ten years and I love it. It's easy
to understand how advantageous it's been for me while on the road and I encourage
anyone who wants to save money or go on a long bike ride to sign up as well.
If you're interested, allow me to refer you and get some free cash
out of this deal. All you need to do is supply me with your email
address and we can get rolling. Once
I have your email address, I can log into my account and refer
you. When I do that, AmericanBank will send you an email saying
that you've been referred. In that same email, they will supply
all the instructions
necessary to get you signed up for a free e-checking account.
Please fill out the form and let me know if you're interested.
message box, just supply a brief explanation of why you'd like to sign
the account -- convince me that you're legitimately interested. It may
be a couple days before I can check my email and pass the information
to AmericanBank, but hold onto your horses and it'll be worth the wait!
Request a referral:
|Learn how I've handled
all my finances from the road and have managed to withdrawal cash from
any foreign ATM for free!
Click here to find out.
Your Money or Your Life|
Written by Joe Dominguez
This is the book that freed me from the rat race. If you're unfulfilled with your working life or want to change careers, begin an adventure, or set off to do something personally meaningful, this is the place to start.
The trusty voice recorder -- doesn't say much but listens very well. Stands up to the elements and remembers everything I forget.