Neteller ATM is worse than expected.

[moorehed]

so I recently got a neteller ATM for convienience. I knew the fees were a bit high, but they ended up being WAY more than expected.

First you have to transfer FROM your neteller acct to your debit card
<B>$2.00</B>

Then Neteller charges a fee to withdraw from your debit card
<B>$2.00</B>

Then I found out I can't use my credit union ATM, it has to be one of those crappy star/pulse ATMs you find at gas stations, which also charges it's own fee
<B>$1.75</B>

Then I find out the max I can get out is 200 at a time, so I have to make four MORE transactions to get out the 1k I wanted.
<B>$1.75+$2.00
$1.75+$2.00
$1.75+$2.00
$1.75+$2.00</B>

So all in all, to get 1k from neteller to my hand via the neteller ATM it cost me $20.75.

This doesnt even count the 5$ they are going to charge me if I don't use my card any given month.

[El Scorcho]

lol they have to pay for all the casino-to-neteller transactions somehow!

[John Richmond]

This is exactly why I haven't used mine. There was a thread on 2+2 where someone said they found some Star ATMs that would give $500 at a time but I think those are pretty rare.

[moorehed]

but even if you don't use it, you'll get charged 5 a month wont you?

i thought it was funny on their website i clicked the link to "apply for your neteller debit card" which I thought would take me to a screen with more info but it just said "thank you for applying. your card will be mailed out shortly"

[John Richmond]

You only get charged if you put money on the card and have a balance left over. If you never load it then there is no charge.

[moorehed]

ah interesting.