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TD Bank Pares Back Free ATM Perk

“America’s Most Convenient Bank!” is about to get a little less convenient for some of its checking account customers.

TD Bank, which uses that slogan in its advertising, has allowed virtually all of its debit card holders to use any ATM free of charge.

It didn’t charge a fee for using out-of-network ATMs and reimbursed customers for any fees other banks imposed.

But beginning March 9, that perk is going away for everyone with Convenience, Student, Core, Value and 50 Plus Checking accounts.

TD Bank will start charging $2 whenever those customers access their accounts through another bank’s ATM and will stop reimbursing them for other banks’ usage fees.

Customers with Premier, Relationship or Interest accounts will continue to enjoy free ATM use.

I know what some of you are going to say. What’s the big deal? We’ve paid these fees for years when we use out-of-network automated teller machines

The big deal is that TD Bank has touted this cost-saving convenience to get customers to move their checking accounts from other banks.

It’s also a big bank, with more than 1,000 branches in Florida and the Northeast.

I put this question out on Twitter, and got a lot of responses from customers who feel they were duped into making that switch under false pretenses.

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