The phrase refers to the pursuit of automated teller machines (ATMs) that levy a service charge of $0.99 for withdrawals, specifically those located in proximity to the individual conducting the search. This reflects a desire to minimize transaction fees when accessing cash. For example, an individual traveling in an unfamiliar city might use a mobile device to search for a 99 cent atm near me to avoid higher fees imposed by other ATMs.
The importance of locating low-fee ATMs lies in the cumulative effect of these charges. Consistent ATM usage with higher fees can result in significant financial expenditure over time. This pursuit of reduced fees is driven by a cost-conscious approach to personal finance. Historically, ATM fees have increased, prompting consumers to actively seek more economical options. The availability of such ATMs can improve financial accessibility for individuals reliant on cash transactions.
