Recently I used an ATM on campus to get some fast cash. My financial institution is Fleet and the ATM that I used was Bank of New Hampshire. Looking at my account later on, I was not surprised to see a $1.50 bank charge, because I accepted the charge when I was at the ATM. However, there was a SECOND $1.50 charge. Why am I getting charged TWICE for the same thing, and why does Bank of New Hampshire stink? Please advise.
Question by Jill â€” 9/21/2004 @ 9:49 pm
Ahh yes, the old â€œdouble chargeâ€ scam. Itâ€™s terribly unfair – a sucker punch to the wallet.
It turns out that not only does Bank of New Hampshire (and any bank that charges non-customers for ATM usage) feel the need to snag $1.50 from you as fee for the use of its ATM technology, but Fleet is also hurt by your unwillingness to drive the required miles to find a machine that THEY own. So they also, in a fit of jealous rage, will charge you $1.50 for your betrayal.
Why does Bank of New Hampshire stink, you ask? I canâ€™t say for sure, but my guess would be that it doesnâ€™t have a cool enough name. I mean, look at the competition: â€œBank of Americaâ€ covers a whole continent with its name (maybe 2!), â€œFleetâ€ conjures up images of a bunch of warships, or a really fast runner, â€œBank Northâ€ takes an entire hemisphere on, â€œCitizens Bankâ€ is the bank of the PEOPLE…Iâ€™d feel inferior too. And that would make me petty and spiteful, and that would make me stink. Like Bank of New Hampshire.