Originally posted by OU812
•No TD or network fee for non-TD ATM use anywhere in world (Interac network in Canada; Plus network outside of Canada3)
What does this mean? Dont they charge you a fee on top pf your withdrawl amount? ie 20 + 1.75 so 21.75??
That extra fee you get at the ATM is the charge from the ATM itself. Most banks charge you a seperate $1.50 at the end of the month every time you use one of these machines ($3 in North America, $5 outisde north america)
What the select service waives is the extra month end service charge.
Great value. Along with all of the other benefits of it.
It is definetly more cost effective to carry a $5,000 balance in the Select Service account, then $5,000 in any savings account at the moment.
In theory you could save around $800/year in bank fees (if you use every feature) which is about a "16%" return on your $5,000 investment.
These opinions are entirely my own and do not represent any other person or organization.