Level 3 · ages 13–15OECD MTSpend
Basic financial service fees
🎯 Goal: Understand many services charge fees (out-of-network ATM, fast transfer, card maintenance); small fees add up.
Some services charge a fee: out-of-network ATM withdrawals, fast transfers, annual card fees. Small fees add up over time.
Let’s explore
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Out-of-network ATM withdrawals usually cost a fee each time.
🧮
A 3,000d fee × 10 times/month = 30,000d — small but adds up.
🔎
Read the fee schedule to avoid wasted money; pick the lower-fee option.
Practice activity
🧮 An out-of-network ATM costs 3,000d each, 8 times/month — total fees?
Worked example: You often use out-of-network ATMs: 3,000d × 8 = 24,000d fees/month = ~288,000d/year. Using your own bank’s ATM saves this.
Quick quiz
1. Out-of-network ATM withdrawals usually?
→ Cost a fee each time
2. A 3,000d fee × 8 times = ?
→ 24,000d
3. Small fees but?
→ Add up to a lot
4. To avoid wasted fees, you should?
→ Read fees, pick low-fee options
5. An annual card fee is?
→ A yearly card maintenance fee
🎯 Real-life mission
Find out one fee (withdrawal/transfer) a bank or wallet charges.
‹ E-wallets & QR (advanced) · The 50-30-20 budget ›