The Predatory ATMs

     Before I was unceremoniously and unfairly evicted from the nearby casino, I'd often observe patrons regularly at the ATMs.  These people all seemed to be finaincially unfit to use them.  Even now I can't believe any casinos are allowed to have them on the property.  Nothing good seems to come from them.

     On top of these machines are green pamphlets warning players about the dangers of addiction.  Oh come on already!  No one ever notices those.  They're in too much of a hurry to get back to the tables or machines.

     When I began visiting Las Vegas in 1991 I'd have travelers checks with me.  They were safe AND helped me keep a daily budget.  When I'd take one or two $100s out I'd make a note of it to know how much I used and had left.  If I won a jackpot, however small I'd come back up to my room and put it away to bring home.  Or else just hide it in my wallet if I'd gone downtown.  

     I'm not sure of the fees for these ATMs but even if it was just $15, if I somehow happened to win $215 back, all I'd have done was pay for my own win.  Doesn't seem very appealing.  

     Was shocked how back in 1991 the busses weren't air conditioned and being there in mid August was quite the experience..  But I'll never forget another visitor's warning to me.  She said, "Don't spend $800 trying to get your $100 back.  It's not going to work."  

                 Tim

     

Charles Schwab has a free checking account that reimburses all ATM fees. 

 

There are other banks and credit Unions that also do it. 

 

When on a casino trip I put my gambling budget in one of those accounts. Then I go to the ATM a couple times a day to pull out part of my daily budget. 

 

I still pay the fee up front but when the next statement period begins I get reimbursed. 

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