King Soopers and Kroger’s new 50-cent fee for cash back is a small charge that could really add up | SkyHiNews.com

King Soopers and Kroger’s new 50-cent fee for cash back is a small charge that could really add up

Long an end-around for ATM fees, Kroger among major retailers now charging customers for cash after debit purchases

City Market now charges a 50 cent fee for cash withdrawals at the register.
File photo

Out-of-network ATM fees have been going up for a decade and a half straight in the U.S. and now a popular way to duck those extra charges will come with a fee of its own, at one major retailer anyway.

Since October, King Soopers and City Market grocery stores have been charging 50 cents when customers request cash back after making purchases using their debit cards and punching in their PIN numbers. The fee applies to transactions processed by a clerk at a check stand or at a self-checkout machine.

Customers can take up to $100 of their money out in cash for that price. It’s a service that used to be free. In a corresponding policy change, customers can take out between $100.01 and $300 at the check stand for $3.50. That’s a service the company was providing for $3. Colorado customers that have a King Soopers Card can have that additional 50 cents waived in those cases, company officials said.

King Soopers is owned by Kroger, a grocery industry giant with nearly 2,800 locations nationwide. The 50-cent fee applies at all of those stores, company officials say. It’s a small charge that could accumulate into a big sum across the network of stores.

Support Local Journalism


“This service is very popular, and we process millions of transactions enterprise-wide per year,” company spokeswoman Jessica Trowbridge wrote in an email this week. “Unfortunately, we cannot continue to offer this service for free due to the high demand and processing/labor costs.”

Read more at the Denver Post.


Support Local Journalism

Readers around Grand County make the Sky-Hi News' work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.