I spent a few days in Las Vegas last month as an extended layover, and wasted some time gambling. This also gave me a chance to try out those unlimited ATM fee rebates on my Ally Bank checking account. I went to three different ATMs at three different places, and the ATM fees were $2.50, $4.99, and $4.99. Can you imagine taking out $40 and getting charged $2-5 from your own bank, and then $5 from the ATM owner? Ouch. (Ally doesn’t charge you to use other ATMs, but most big banks do.)
By the third try, even I felt bad for Ally paying for all that and took out a larger sum for the rest of the trip. At the end of the month, the total fees of $12.48 was credited automatically to my account as promised. (My total eventual losses for the trip were around $100, I’m sad to say.)
Oh, and if you’re confused by the negative balances, I have it set up for free overdraft transfers from my Ally online saving account to my checking account whenever my balance hits zero. This way I am earning the most interest possible in the savings account at APY. I can’t do more than 6 withdrawals per month, though.