[anuragbiyani]

"The total for both of us was $55, so you owe me $27.5."

"OK, here is some random bank's ATM which charged me $44 to get $40 (2 x $20) out, and now you say you don't have $12.5 in change on you ... well, shit." ... "What will you prefer: GWallet or FB ?"

[VLM]

"OK you say you owe me a beer from last week so here's a $20 and we're even"

"Oh you need the full $27.50 because your life will collapse due to a lack of $7.50 in cash although nobody uses cash, well, there's an ATM in the lobby thats free on my network, I'll spot you $30 on the $27.50 and you owe me a can of soda next time"

The problem with a bazzilion services all trying to extort small transactional fees either short term or long term is the marketing about their fee can't avoid mentioning that the fee is really small and we're discussing fairly small amounts of money.

[what_ever]

There is absolutely no fee on Venmo/Square Cash/PayPal as long as you use debit card/bank account.

I am okay with rounding off amounts with my close friends. But with other people there is that social angle with being comfortable enough when I tell them I will buy you soda next time. Plus consider this "buying soda next time" with 10 people at the same time in either direction. The question is not about $2.50 being a small amount. I like being exact about money and so do lot of my friends. May be I am from a different background where $2.50 is still money that should be cleared.

[yen223]

Which horrendous country are you living in where ATMs charge $44 for a withdrawal?

[mschuster91]

He got 40€ out and paid 4€ in fees. Thats not uncommon in Germany, where different bank groups (eg Deutsche Bank, the Raiffeisen cooperative association and the Sparkasse) charge nothing for withdrawals but other bank customers get charged. Couple of years ago it was introduced that the fees had to be displayed prior to withdrawal but they're still high.

[anuragbiyani]

"$44 to get $40" => $4 in fees for using another bank's ATM. This is very much within the ballpark range for USA at least.

Sidenote: Usually such fees are O(1), i.e., independent of the actual amount being withdrawn (and even applies to non-monetary transactions, such as balance inquiry).

[macleanjr]

$4 in fees