Capital G Bank is pleased to announce its “No ATM Fee” initiative. Holders of the Capital G debit card can withdraw cash at any ATM in Bermuda, or anywhere in the world, without paying a fee. No other debit card issued in Bermuda offers this benefit.

The account holder’s debit card and related account will not be charged a fee for any withdrawals, deposits or transfers. Typically, consumers are charged anywhere from $2.50 - $3.50 when using their debit card at another bank’s ATM. In Capital G’s case, any fee charged will be reimbursed by the 2nd business day of the following month. So no matter who owns the ATM, Capital G Debit Card holders can use it free of charge.

John Kephart, President and CEO of Capital G Bank said, “The No ATM Fee initiative will be beneficial to customers who like and need to withdraw cash, but don’t want the extra fees. This programme also allows our customers to access an expanded ATM network. They can swipe their debit cards at any ATM and Capital G will not charge a fee on their account.”

Customers should note that Foreign Exchange Rates and Foreign Currency Purchase Tax (F.C.P.T.) apply when using the Capital G Debit Card internationally, including foreign Internet-based companies. The F.C.P.T. is not included as part of the “No ATM Fee” programme and related credits to customer accounts.

In February, Capital G also launched its first ATM location outside of Hamilton at the Raynor’s Shell Service Station in Southampton. This ATM will also offer Capital G Bank customers fee-free deposits and withdrawals without having to travel into Hamilton.

Capital G Bank is a full service bank providing integrated wealth management services in banking, investments and trusts. Capital G Bank is located at 19 Reid Street in Hamilton. For more information, call 296-6969 or visit capital-g.com.