Megan Brooks
Bay State Savings Bank is a member of the SUM ATM Network, which means that customers can use thousands of SUM-designated ATMs across the country without incurring a surcharge fee. However, if customers use an ATM that is not operated by Bay State Savings Bank, they may be charged a fee by the operator of the machine and/or by an automated transfer network. Additionally, Bay State Savings Bank offers a checking account that reimburses nationwide ATM fees incurred during the monthly cycle up to $10 if certain monthly qualifications are met.
| Characteristics | Values |
|---|---|
| ATM Fee | No surcharge fee when using SUM-Designated ATMs nationwide |
| Registration | No registration process or additional card required to use SUM ATMs |
| ATM Locator | SUM ATMs can be located by looking for the SUM logo |
| Non-SUM ATM Fee | A fee may be charged when using an ATM that is not operated by Bay State Savings Bank |
| Monthly ATM Fee Reimbursement | Up to $10 in nationwide ATM fees incurred during the monthly cycle will be reimbursed if monthly qualifications are met |
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What You'll Learn
Bay State Savings Bank customers can use SUM-designated ATMs without a surcharge fee
As a customer of Bay State Savings Bank, you can use any ATM that is part of the SUM ATM Network without incurring a surcharge fee. This means that you can use thousands of SUM-Designated ATMs across the country without having to pay a premium or register for the service. All you need to do is look for ATMs with the SUM logo.
However, it is important to note that if you use an ATM that is not part of the SUM ATM Network or operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network. These fees are not controlled by Bay State Savings Bank and are at the discretion of the individual ATM operator or network.
To avoid any unexpected fees, it is always a good idea to locate and use SUM-designated ATMs when you need to use an ATM. You can identify these ATMs by looking for the SUM logo on the machine. Additionally, Bay State Savings Bank offers a range of services to help you manage your money, including online and mobile banking, which allow you to conveniently access your account and transfer funds from the comfort of your home or while on the go.
Furthermore, Bay State Savings Bank offers reimbursement of nationwide ATM fees incurred during the monthly cycle, up to a certain amount, when monthly qualifications are met. This means that even if you use an out-of-network ATM and are charged a fee, you may be able to get that fee reimbursed by meeting certain requirements, such as having a minimum number of debit card purchases or enrolling in online banking services. It is important to refer to the Bay State Savings Bank Retail Fee Schedule for detailed information about current fees and charges associated with their services.
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Non-SUM ATMs may charge a fee for withdrawals
As a customer of Bay State Savings Bank, you have access to the SUM ATM Network, which means you can use thousands of SUM-designated ATMs across the country without incurring a surcharge fee. This benefit does not require any registration or additional cards. However, if you use an ATM that is not part of the SUM Network or operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
To avoid these fees, Bay State Savings Bank customers are advised to look for SUM ATMs, which can be identified by the SUM logo. By using SUM ATMs, customers can experience the convenience of accessing their money without paying any additional charges.
It's important to note that Bay State Savings Bank does offer reimbursement for nationwide ATM fees incurred during the monthly cycle, but this reimbursement is limited to $10 and applies when specific monthly qualifications are met. These qualifications include having at least 12 PIN-based or signature-based debit card purchases of $3 or more, enrolling in online banking, and opting for EZ Statements.
While the SUM ATM Network provides surcharge-free access to a large number of ATMs, it is always a good idea to check the specific terms and conditions of your Bay State Savings Bank account to understand any potential fees that may apply when using non-SUM ATMs. Additionally, when travelling, it is recommended to notify Bay State Savings Bank of your plans to ensure uninterrupted access to your funds.
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Monthly ATM fees are reimbursed up to $10 for students under 18
As a customer of Bay State Savings Bank, you have access to the SUM ATM Network, which means you can use thousands of SUM-designated ATMs across the country without incurring a surcharge fee. This is a convenient feature of banking with Bay State Savings Bank, as you don't need to register or get an additional card to take advantage of this benefit. Simply look for SUM ATMs, and you can make withdrawals without paying a premium.
However, if you use an ATM that is not part of the SUM Network or operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network. These fees can add up, especially if you frequently use out-of-network ATMs.
To avoid these charges, Bay State Savings Bank offers a reimbursement of up to $10 for nationwide ATM fees incurred during the monthly cycle for students under 18. This means that if you meet the monthly qualifications and are under 18, you can get up to $10 back each month for any ATM fees you may have been charged. This reimbursement will be credited to your account on the last day of the monthly statement cycle.
To qualify for this reimbursement, there are a few requirements. Firstly, you must meet the monthly qualifications, which include having at least 12 PIN-based or signature-based debit card purchases of $3 or more, enrolling in online banking, and opting for EZ Statements. Additionally, students under 18 must open their account with a parent or legal guardian and provide a student ID at account opening. By meeting these requirements, you can ensure that your monthly ATM fees are reimbursed up to $10 each month.
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Bay State Savings Bank Credit Card offers reward options
As a customer of Bay State Savings Bank, you have access to the SUM ATM Network, which means you can use thousands of SUM-Designated ATMs across the country without incurring a surcharge fee. However, if you use an ATM that is not part of the SUM Network or operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
While there is no specific mention of credit card reward options, Bay State Savings Bank does offer various benefits and features for its customers, including:
- Mobile pay and security customization options for debit and credit cards through CardValet.
- Early availability of eligible direct deposits for personal accounts, including payroll, pension, and government benefit payments made through the Automated Clearing House (ACH).
- Overdraft protection options and account alerts for low balances or insufficient funds.
- Competitive rates on their 5-Year Fixed Rate HELOAN.
- EZ Relationship Rewards Checking account with an Annual Percentage Yield (APY) of 1.00% on balances up to and including $1,500 and 0.01% on balances over $1,500.
- Student checking accounts for individuals aged 14-26, with no minimum deposit requirement and the opportunity to earn cash back on debit card transactions when monthly qualifications are met.
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Online and mobile banking are available
Bay State Savings Bank is a SUM Network Member, which means customers can use thousands of SUM-designated ATMs across the country without incurring a surcharge fee. However, if you use an ATM that is not operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
To avoid ATM fees, Bay State Savings Bank customers can use online and mobile banking to manage their money wherever and whenever it is convenient. Online banking offers a range of features to help customers manage their finances, including:
- Unlinked Accounts/Person-to-Person Transfer Service: This service enables customers to transfer funds to other individuals or businesses with accounts at Bay State Savings Bank.
- External Accounts/Bank-to-Bank Transfer Service: This service allows customers to transfer funds between their accounts at Bay State Savings Bank and their accounts at other financial institutions. To verify an account at another institution, Bay State Savings Bank will make two micro-deposits.
- Manage My Money Tool: This tool allows customers to monitor their account activity, create categories for their transactions, and set budgets to track their spending. It also assists with setting savings goals and tracking progress.
- EZ Statements: Customers can enrol in EZ Statements to access their account information and eBills. EZ Statements are free, saving customers from a paper statement fee each month.
- Alerts: Customers can set up alerts in online banking to notify them about low balances or insufficient funds.
- Overdraft Protection: In addition to alerts, Bay State Savings Bank offers various overdraft protection options.
To access online banking, customers can use a web browser or the Bay State Savings Bank mobile app. The mobile app offers many of the same features as online banking, including the ability to manage alerts, transfer funds, and block lost or stolen cards.
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Frequently asked questions
Bay State Savings Bank is a SUM Network Member, which means customers can use thousands of SUM-designated ATMs nationwide without a surcharge fee. However, if you use an ATM that is not operated by Bay State Savings Bank, you may be charged a fee by the operator of the machine and/or by an automated transfer network.
To avoid paying ATM fees, look for SUM-designated ATMs, which are part of the SUM ATM Network. Bay State Savings Bank customers can use these ATMs without paying a surcharge fee.
Yes, Bay State Savings Bank offers an EZ Relationship Rewards Checking account that provides ATM fee rebates of up to $10 per month when certain monthly qualifications are met. These qualifications include receiving direct deposits totaling $1,200 per month or maintaining a minimum balance of $10,000 across all checking and savings accounts.
