ATM Surcharge Reimbursements

Westfield Bank's commitment to eliminating fees and surcharges continues with the ATM Reimbursement program. As a Westfield Bank customer, this is the end of searching for your bank's ATM and paying hefty fees and surcharges. Westfield Bank will reimburse up to $12 per month of ATM surcharges incurred using your Westfield Bank ATM/Debit card outside of the MoneyPass Network.

There are a growing number of banking institutions that refund or discount ATM fees charged to their customers who withdraw money from their accounts using the ATM machine of another bank or ATM owner. (ATM machines can be owned and operated by businesses other than banks.)

Most ATM transactions are known as convenience transactions which are transactions offered by the bank as a service necessary to retain the customer. While the transaction itself results in additional costs to the bank, it adds no revenue to the bank. Allowing customers of other banks to use their ATMs for transactions increases the costs further and benefits the hosting bank only in the sense that the other banks are reciprocating and providing the same service to its customers.

At times when customers are shopping for new banking options they are apt to select an institution that has the most ATMs near them. Their reason is simple-they do not want to incur unnecessary fees from ATMs that are not owned by their bank.

As a Westfield banking customer you can use ATMs that are conveniently located without the hassle of additional fees and surcharges.