Large Retail Chains Charging Fees for ‘Cash Back’ Via Debit and Prepaid Cards

Dollar General and Dollar Tree/Family Dollar were found charging $1 or more for cash back of up to $50.
Large Retail Chains Charging Fees for ‘Cash Back’ Via Debit and Prepaid Cards
A Dollar Tree store, in this file photo. Paul J. Richards/AFP/Getty Images
Naveen Athrappully
Updated:
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Americans who withdraw cash from major retail chains are paying fees on these transactions even though processing these payments costs just a “few pennies,” according to a recent report by the Consumer Financial Protection Bureau (CFPB).

When people purchase items from a store using a debit or prepaid card, they can withdraw a small amount of their funds through the retailer. The outlets typically set a fixed withdrawal limit for such transactions. People living in small towns with no immediate access to local banks benefit from such services by accessing the cash at a nearby retailer.