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Always Check Your "Available Balance" At ATM Before Withdrawal

Withdrawals Can Cause Surprising Overdraft Fees

COLORADO SPRINGS, CO -- Many commercial banks, including Wells Fargo Bank, NA, have a little known rules that generate huge fees from unwary customers.  It involves withdrawals at ATM machines.

Of course, never make a withdrawal that exceeds your balance.  Many ATM's are set to give you whatever amount you want, even if you don't have the funds.

But, even if you are acutely aware of your "Account Balance," the real number to watch is your "Available Balance," to determine how much you can withdraw, and avoid stealthy fees.

For example, if you've just made a deposit to your account, the bank might not immediately credit you with the full amount, until your deposit has cleared the other payor bank.

In that case, your Available Balance will be less than your Account Balance.

If you make a withdrawal that exceeds your Available Balance, you've just become another victim of the bank's rules -- get ready to pay those fees.

In summary, never make a withdrawal that exceeds your "Available Balance."  Taking five seconds to check your Available Balance before a withdrawal, ensures carefree commercial banking for years to come.


About Systembank

Based at the foot of Pikes Peak, Colorado USA, Systembank and its affiliates is a wholly-owned business unit of Steven R. Lewis and provides personal financial and accounting services to select clients, since 1984. 

We have established direct commercial banking relationships across all of North America and Asia-Pacific.  Our global reach enables us to seamlessly serve our clients needs whenever and wherever, at all times.

Our Vision and Mission is simple:  Complete Client Satisfaction.

 

 

 

 

 

 

Member, Institute of Management Accountants

   

Lifetime Member, Delta Mu Delta

Master of Business Administration degree, 2011

GPA 4.0

 

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Always Check Your "Available Balance" At ATM Before Withdrawal

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