The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions Aug 3rd

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The Exchange Brings No-Fee ATMs To Smaller Banks and Credit Unions
There used to be a really good reason for not switching from a big bank to a smaller one: convenience. Belonging to the BMOs and CIBCs of the world meant that accessing your cash without paying a fee was as simple as a walking a block to your next bank ATM or branch location. Having accounts with a smaller or online bank meant planning ahead when you needed to withdraw money, and usually steep fees for using another lender’s ATM.
Not anymore.
A Growing Network for Alternative Lenders
The Exchange — a network of ATMs for about 184 small banks and credit unions across Canada — announced in June that it was growing its network by over 30 per cent. The move brings The Exchange’s number of ATMs to 3,300, second only to the Royal Bank of Canada. According to the press release, 2,607 postal code areas will now be serviced by Exchange machines, which don’t charge clients of its member banks and credit unions any surcharges.
Also read: What is a Credit Union?>
Participating financial institutions include Alterna Bank, HSBC Bank Canada, ICICI Bank Canada and Manulife Bank, which is adding 800 of the 830 new ATMs…

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