Are there fees associated with using a debit card?
There may be. Here are some examples of potential fees associated with using a debit card:
If you use your debit card to withdraw cash from another institution’s ATM, you would incur a fee, from one or possibly both banks involved.
Your bank could charge you point-of-sale transaction fees. These fees are relatively rare, but some banks will charge you for using your debit card for purchases.
Merchants may impose a surcharge for using your debit card. ARCO or ampm, for example, will charge you 45 cents extra when you pay with a debit card. Merchants are not allowed to surcharge credit cards, but will, in some cases, surcharge debit cards.
If you have opted in to your bank’s overdraft protection plan, then you could incur an overdraft fee if you spend more than you have in your account.