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The ATM debit card fee seems to be a sore spot for many American consumers. While the idea of not having to carry cash around might be appealing, most people do not enjoy the annual cost that comes with it. Some folks are able to get by with a debit card, but not too many. Others would prefer to pay for everything with cash, but there is nothing worse than paying for something with credit card only to find out you can't use it until the next billing cycle is underway. With that being said, why should you even bother going through the ATM to withdraw money?

The simple answer here is convenience. When you go to a business that does not allow you to use your checking account, you are giving up on a lot of conveniences. You will not have access to the Internet, use your savings or checking account, and you will have to rely on the cashier's mark-up on products and services. When you don't have those things, it is just more convenient to go somewhere else to do your shopping.

On the flip side, when you go to an ATM to withdraw money, you are giving yourself access to one of the most convenient ways to do transactions while saving a lot of time. All you need is a debit card and a bank account, and you can go about your business making purchases as if you were using a checking account. This means no more waiting on hold with annoying ATM attendants, no more going over-the-top with fees, and no more going home with more plastic in your pocket than you came with. In fact, you might get away with carrying as much as five to six pounds of cash, depending on how many are cards you have.

A few things you need to know about ATM debit cards and Cimb debit cards before deciding if they are right for you. First, make sure to check the terms of service between your bank and the ATM. You want to make sure that if you do decide to use an ATM card, you won't be hit with any extra fees or charges. Most people with good intentions to stay within their ATM network for free processing and withdrawal. If they find out they cannot withdraw from their Cimb cards, however, they could find themselves out of luck.

Second, understand the difference between regular credit and debit cards. With a normal credit card, you are using your credit power to buy goods. With a debit card, you are spending money that already exists in a bank account. The ATM fee isn't added for using it to withdraw money, but it is added when you spend money in the form of a debit card at the ATM. Look at all of the charges to see that you will be able to pass up and which will you have to be forced to pay.

Third, talk to your bank and find out if they offer this type of credit or debit card. Some banks don't offer them, but others do. Find out what kind of fees they charge. Some fees can be very high, and it is worth taking note of any fees before you apply. Find out if you can transfer funds directly from your checking account to your ATM account for no fee at all. This can save you quite a bit of money each month.

Fourth, be careful about the sign up bonuses. They do not always apply to card holders. If you get a sign up bonus, it may be invalidated by the bank if you then use that bonus to reload your account. You'll have to pay the fees again. ATMs only deduct cash for your balance and not your account balance until your balance is full. So if you load the account and run out of money, you still owe the ATMs the fees for the cash withdrawal.

The above tips will help you avoid paying an ATM debit card fee. If you have trouble with a particular bank, don't worry. There are many more banks out there like them. You just need to keep looking. It's not worth the fee to avoid the convenience of using a card in most cases.

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