Tue. Dec 24th, 2024

What you can expect to pay in bank ATM fees<!-- wp:html --><p class="headline-regular financial-disclaimer">Insider's experts choose the best products and services to help make smart decisions with your money (<a href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards" class="not-content-link" target="_blank" rel="noopener">here’s how</a>). In some cases, we receive a commission from our <a href="https://www.insider-inc.com/commerce-on-insider-inc" class="not-content-link" target="_blank" rel="noopener">our partners</a>, however, our opinions are our own. Terms apply to offers listed on this page.</p> <p>Some banks do not charge out-of-network ATM fees and offer reimbursements if you're charged by another financial institution.</p> <p class="copyright">images by Tang Ming Tung/Getty Images</p> <p>Many banks have free ATM networks but charge you for using an out-of-network ATM.<br /> The out-of-network ATM provider usually charges you an additional fee.<br /> Some banks don't charge ATM fees and even refund fees charged by ATM providers.</p> <p>Depending on where you bank, you may have to pay ATM fees for using another financial institution's ATM network.</p> <p>Here's what you can expect to pay in out-of-network ATM fees at the biggest national, regional, and online banks.</p> <h2>ATM fees at national banks</h2> <p>Most brick-and-mortar banks charge fees for using out-of-network ATMs. <a href="https://www.businessinsider.com/personal-finance/best-national-banks">National banks</a> tend to waive ATM fees on certain checking accounts, though. If you're interested in an institution but turned off by the fee, check whether there's a zero-ATM-fee account option.</p> <p><strong>Company</strong><strong>Out-of-network ATM fee</strong><strong>Next steps</strong></p> <p class="copyright">Bank of America</p> <p><strong><br /></strong>$2.50<strong><a href="https://www.bankofamerica.com/">Learn more</a></strong>$3<strong><a href="https://www.businessinsider.com/personal-finance/bmo-harris-review">Learn more</a></strong></p> <p class="copyright">Chase Bank</p> <p>$3 to $5<strong><a href="https://www.businessinsider.com/personal-finance/chase-checking-accounts-review">Learn more</a></strong></p> <p class="copyright">Citi</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/citibank-review">Learn more</a></strong></p> <p class="copyright">Huntington Bank</p> <p>$3.50<strong><a href="https://www.businessinsider.com/personal-finance/huntington-bank-review">Learn more</a></strong></p> <p class="copyright">Pentagon Federal Credit Union</p> <p>$1.50<strong><a href="https://www.businessinsider.com/personal-finance/pentagon-federal-credit-union-review">Learn more</a></strong></p> <p class="copyright">PNC</p> <p>$0 to $3, Refunds some out-of-network ATM fees*<strong><a href="https://www.businessinsider.com/personal-finance/pnc-bank-review">Learn more</a></strong></p> <p class="copyright">Regions Bank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/regions-bank-review">Learn more</a></strong></p> <p class="copyright">Santander Bank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/santander-bank-review">Learn more</a></strong></p> <p class="copyright">TD Bank</p> <p>$0 to $3<strong><a href="https://www.businessinsider.com/personal-finance/td-bank-checking-accounts-review">Learn more</a></strong></p> <p class="copyright">US Bank</p> <p>$2.50<strong><a href="https://www.usbank.com/index.html">Learn more</a></strong></p> <p class="copyright">Wells Fargo</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/wells-fargo-review">Learn more</a></strong></p> <p><strong>Note</strong>: Starting on October 23, 2022, PNC Bank will no longer provide any out-of-network ATM reimbursements for Standard Checking accounts, and offer only two free out-of-network ATM reimbursements per month for Performance Checking Accounts.</p> <div class="insider-raw-embed"> <div class="myFinance-widget"></div> </div> <h2>ATM fees at regional banks</h2> <p>Regional banks tend to charge lower ATM fees than national banks. Not all regional institutions have accounts that refund fees charged by ATM providers, though.</p> <p><strong>Company</strong><strong>Out-of-network ATM fee</strong><strong>Next steps</strong></p> <p class="copyright">Associated Bank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/associated-bank-review">Learn more</a></strong></p> <p class="copyright">BNP Paribas</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/bank-of-the-west-review">Learn more</a></strong></p> <p class="copyright">Comerica</p> <p>$2<strong><a href="https://www.businessinsider.com/personal-finance/comerica-bank-review">Learn more</a></strong></p> <p class="copyright">Fifth Third Bank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/fifth-third-bank-review">Learn more</a></strong></p> <p class="copyright">First Horizon Bank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/first-horizon-bank-review">Learn more</a></strong></p> <p class="copyright">Golden 1 Credit Union</p> <p>$2<strong><a href="https://www.businessinsider.com/personal-finance/golden-1-credit-union-review">Learn more</a></strong></p> <p class="copyright">KeyBank</p> <p>$3<strong><a href="https://www.businessinsider.com/personal-finance/keybank-review">Learn more</a></strong>Security Service Federal Credit Union has branches in 3 states</p> <p class="copyright">Park North Shopping Center</p> <p>$1.50<strong><a href="https://www.businessinsider.com/personal-finance/wings-financial-credit-union-review">Learn more</a></strong></p> <p class="copyright">Synovus</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/synovus-bank-review">Learn more</a></strong></p> <p class="copyright">Union Bank</p> <p>None, two free reimbursements per month<strong><a href="https://www.businessinsider.com/personal-finance/union-bank-review" target="_blank" rel="noopener">Learn more</a></strong></p> <p class="copyright">United Bank</p> <p>$2<a href="https://www.businessinsider.com/personal-finance/united-bank-review"><strong>Learn more</strong></a></p> <p class="copyright">VyStar Credit Union</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/vystar-credit-union-review">Learn more</a></strong></p> <h2>ATM fees at online banks</h2> <p><a href="https://www.businessinsider.com/personal-finance/best-online-banks" target="_blank" rel="noopener">Online banks</a> typically have the most lenient ATM fees. Many won't charge you, and it's common for them to refund some fees charged by out-of-network ATM providers.</p> <p><strong>Company</strong><strong>Out-of-network ATM fee</strong><strong>Next steps</strong></p> <p class="copyright">Affinity Plus Federal Credit Union</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/premier-members-credit-union-review">Learn more</a></strong></p> <p class="copyright">Alliant Credit Union</p> <p>None, $20/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/alliant-credit-union-review">Learn more</a></strong></p> <p class="copyright">Ally</p> <p>None, $10/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/ally-bank-review">Learn more</a></strong></p> <p class="copyright">America First Credit Union</p> <p>$1.50 <strong><a href="https://www.businessinsider.com/personal-finance/america-first-credit-union-review">Learn more</a></strong></p> <p class="copyright">Deposits are FDIC Insured</p> <p>None, 1 fee refund/month for Aspiration Plus Account<strong><a href="https://www.businessinsider.com/personal-finance/aspiration-review">Learn more</a></strong></p> <p class="copyright">Axos Bank</p> <p>None, $8/month to unlimited refunds<strong><a href="https://www.businessinsider.com/personal-finance/axos-bank-review">Learn more</a></strong></p> <p class="copyright">Bank5 Connect logo</p> <p>None, $15/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/bank5-connect-review">Learn more</a></strong></p> <p class="copyright">Bethpage Federal Credit Union</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/bethpage-federal-credit-union-review">Learn more</a></strong></p> <p class="copyright">Betterment</p> <p>None, unlimited refunds<strong><a href="https://www.businessinsider.com/personal-finance/betterment-checking-account-review">Learn more</a></strong></p> <p class="copyright">BrioDirect</p> <p>None, $20/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/briodirect-bank-review">Learn more</a></strong></p> <p class="copyright">Capital One 360</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/capital-one-bank-review">Learn more</a></strong></p> <p class="copyright">CFG</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/cfg-bank-review">Learn more</a></strong></p> <p class="copyright">Chime</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/chime-bank-review">Learn more</a></strong></p> <p class="copyright">CIT Bank</p> <p>None, $30/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/cit-bank-review">Learn more</a></strong></p> <p class="copyright">Connexus Credit Union</p> <p>None, $25/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/connexus-credit-union-review">Learn more</a></strong></p> <p class="copyright">Daylight</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/daylight-banking-review">Learn more</a></strong></p> <p class="copyright">Discover Online Savings Account</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/discover-bank-review">Learn more</a></strong></p> <p class="copyright">First Internet Bank</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/first-internet-bank-of-indiana-review">Learn more</a></strong></p> <p class="copyright">HMBradley</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/hmbradley-checking-savings-account-review">Learn more</a></strong></p> <p class="copyright">Kinly</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/kinly-review">Learn more</a></strong></p> <p class="copyright">LendingClub</p> <p>None, $0 to unlimited refunds<strong><a href="https://www.businessinsider.com/personal-finance/radius-bank-review">Learn more</a></strong></p> <p class="copyright">Nationwide CD</p> <p>None, unlimited domestic refunds<strong><a href="https://www.businessinsider.com/personal-finance/nationwide-banking-review">Learn more</a></strong></p> <p class="copyright">NBKC Bank</p> <p>None, $12/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/nbkc-bank-review" target="_blank" rel="noopener">Learn more</a></strong></p> <p class="copyright">Northern Bank</p> <p>$2<strong><a href="https://www.businessinsider.com/personal-finance/northern-bank-direct-review">Learn more</a></strong></p> <p class="copyright">Premier Members Credit Union</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/premier-members-credit-union-review">Learn more</a></strong></p> <p class="copyright">Robinhood</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/robinhood-cash-management-review">Learn more</a></strong></p> <p class="copyright">Salem Five</p> <p>None, $15/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/salem-five-direct-bank-review">Learn more</a></strong></p> <p class="copyright">Service Credit Union</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/service-credit-union-review">Learn more</a></strong></p> <p class="copyright">SoFi</p> <p>None<strong><a href="https://www.businessinsider.com/personal-finance/sofi-checking-savings-review">Learn more</a></strong></p> <p class="copyright">Synchrony High-Yield Savings</p> <p>None, $5/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/synchrony-bank-review">Learn more</a></strong></p> <p class="copyright">TAB Bank</p> <p>$1 to $2<strong><a href="https://www.businessinsider.com/personal-finance/tab-bank-review">Learn more</a></strong>None, up to $15/month refunds<strong><a href="https://www.businessinsider.com/personal-finance/tiaa-bank-review">Learn more</a></strong></p> <p class="copyright">Varo</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/varo-bank-review">Learn more</a></strong></p> <p class="copyright">Wealthfront</p> <p>$2.50<strong><a href="https://www.businessinsider.com/personal-finance/wealthfront-cash-account-review">Learn more</a></strong></p> <p class="copyright">Wings Financial Credit Union</p> <p>10 fee refunds/month, $2.50 after<a href="https://www.businessinsider.com/personal-finance/wings-financial-credit-union-review"><strong>Learn more</strong></a></p> <h2>How much are ATM fees?</h2> <p>Most banking institutions have free ATM networks. For example, as a Bank of America customer, you can use any Bank of America ATM for free. Online banks generally don't have their own ATM networks, but they often partner with a large network like Allpoint or MoneyPass so you have free access to thousands of ATMs around the US.</p> <p>But you may incur ATM fees if you use a machine outside of the network. Here are some typical fees:</p> <p><strong>Fees from the bank:</strong> The bank itself may charge you up to a few dollars for using an out-of-network ATM.<strong>Fees from the ATM provider:</strong> If you use an out-of-network ATM, the company servicing that machine will probably charge you an additional fee. Let's say you are a Bank of America customer who uses a non-Bank of America ATM. Bank of America would charge you $2.50, and the provider charges you $3. You'd pay $5.50 total for withdrawing money.<strong>International ATM fees:</strong> If you use an out-of-network ATM in a foreign country, you'll probably pay an additional fee on top of your bank ATM fee and provider ATM fee. Some banks charge their usual out-of-network ATM fee, and some charge a higher fee. For example, you'd pay $5 to withdraw money from a foreign ATM with Bank of America instead of the usual $2.50. You'd also pay a 3% foreign transaction fee, plus any fee the ATM provider may charge.</p> <p>Some ATM providers may charge you for either withdrawing funds or checking your balance, while others will let you check your balance for free.</p> <h2>How to avoid bank ATM fees</h2> <p>Bank ATM fees can add up quickly. Here are some tips for paying less (or none at all):</p> <p><strong>Choose a bank with no ATM fees.</strong> Not all banks charge out-of-network ATM fees. Consider one that either <a href="https://www.businessinsider.com/personal-finance/best-no-fee-checking-accounts">doesn't charge fees at all</a> or has a checking account option with no fees.<strong>Choose a bank that refunds ATM fees.</strong> Even if an institution doesn't charge you for using an out-of-network ATM, the machine provider may. Some banks reimburse up to a certain amount every month in fees charged by an out-of-network provider. If you suspect you'll use non-network ATMs frequently, look for a bank that will refund you.<strong>Choose a bank with easily accessible ATMs.</strong> Maybe some of your top bank picks all charge ATM fees. You'll probably prefer the one with free machines near your home or office.<strong>Withdraw more money at once.</strong> Another solution is just to use ATMs less often. You can withdraw more money at one time rather than visiting ATMs frequently and paying multiple fees. The downside is that you may feel uncomfortable keeping a bunch of cash on hand.</p> <p>Bank ATM fees can get expensive. But there are plenty of ways to avoid these charges, or at least pay less.</p> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/personal-finance/bank-atm-fees">Business Insider</a></div><!-- /wp:html -->

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

Some banks do not charge out-of-network ATM fees and offer reimbursements if you’re charged by another financial institution.

Many banks have free ATM networks but charge you for using an out-of-network ATM.
The out-of-network ATM provider usually charges you an additional fee.
Some banks don’t charge ATM fees and even refund fees charged by ATM providers.

Depending on where you bank, you may have to pay ATM fees for using another financial institution’s ATM network.

Here’s what you can expect to pay in out-of-network ATM fees at the biggest national, regional, and online banks.

ATM fees at national banks

Most brick-and-mortar banks charge fees for using out-of-network ATMs. National banks tend to waive ATM fees on certain checking accounts, though. If you’re interested in an institution but turned off by the fee, check whether there’s a zero-ATM-fee account option.

CompanyOut-of-network ATM feeNext steps


$2.50Learn more$3Learn more

$3 to $5Learn more

$2.50Learn more

$3.50Learn more

$1.50Learn more

$0 to $3, Refunds some out-of-network ATM fees*Learn more

$3Learn more

$3Learn more

$0 to $3Learn more

$2.50Learn more

$2.50Learn more

Note: Starting on October 23, 2022, PNC Bank will no longer provide any out-of-network ATM reimbursements for Standard Checking accounts, and offer only two free out-of-network ATM reimbursements per month for Performance Checking Accounts.

ATM fees at regional banks

Regional banks tend to charge lower ATM fees than national banks. Not all regional institutions have accounts that refund fees charged by ATM providers, though.

CompanyOut-of-network ATM feeNext steps

$3Learn more

$3Learn more

$2Learn more

$3Learn more

$3Learn more

$2Learn more

$3Learn moreSecurity Service Federal Credit Union has branches in 3 states

$1.50Learn more

$2.50Learn more

None, two free reimbursements per monthLearn more

$2Learn more

NoneLearn more

ATM fees at online banks

Online banks typically have the most lenient ATM fees. Many won’t charge you, and it’s common for them to refund some fees charged by out-of-network ATM providers.

CompanyOut-of-network ATM feeNext steps

NoneLearn more

None, $20/month refundsLearn more

None, $10/month refundsLearn more

$1.50 Learn more

None, 1 fee refund/month for Aspiration Plus AccountLearn more

None, $8/month to unlimited refundsLearn more

None, $15/month refundsLearn more

NoneLearn more

None, unlimited refundsLearn more

None, $20/month refundsLearn more

NoneLearn more

NoneLearn more

$2.50Learn more

None, $30/month refundsLearn more

None, $25/month refundsLearn more

NoneLearn more

NoneLearn more

NoneLearn more

NoneLearn more

$2.50Learn more

None, $0 to unlimited refundsLearn more

None, unlimited domestic refundsLearn more

None, $12/month refundsLearn more

$2Learn more

NoneLearn more

NoneLearn more

None, $15/month refundsLearn more

NoneLearn more

NoneLearn more

None, $5/month refundsLearn more

$1 to $2Learn moreNone, up to $15/month refundsLearn more

$2.50Learn more

$2.50Learn more

10 fee refunds/month, $2.50 afterLearn more

How much are ATM fees?

Most banking institutions have free ATM networks. For example, as a Bank of America customer, you can use any Bank of America ATM for free. Online banks generally don’t have their own ATM networks, but they often partner with a large network like Allpoint or MoneyPass so you have free access to thousands of ATMs around the US.

But you may incur ATM fees if you use a machine outside of the network. Here are some typical fees:

Fees from the bank: The bank itself may charge you up to a few dollars for using an out-of-network ATM.Fees from the ATM provider: If you use an out-of-network ATM, the company servicing that machine will probably charge you an additional fee. Let’s say you are a Bank of America customer who uses a non-Bank of America ATM. Bank of America would charge you $2.50, and the provider charges you $3. You’d pay $5.50 total for withdrawing money.International ATM fees: If you use an out-of-network ATM in a foreign country, you’ll probably pay an additional fee on top of your bank ATM fee and provider ATM fee. Some banks charge their usual out-of-network ATM fee, and some charge a higher fee. For example, you’d pay $5 to withdraw money from a foreign ATM with Bank of America instead of the usual $2.50. You’d also pay a 3% foreign transaction fee, plus any fee the ATM provider may charge.

Some ATM providers may charge you for either withdrawing funds or checking your balance, while others will let you check your balance for free.

How to avoid bank ATM fees

Bank ATM fees can add up quickly. Here are some tips for paying less (or none at all):

Choose a bank with no ATM fees. Not all banks charge out-of-network ATM fees. Consider one that either doesn’t charge fees at all or has a checking account option with no fees.Choose a bank that refunds ATM fees. Even if an institution doesn’t charge you for using an out-of-network ATM, the machine provider may. Some banks reimburse up to a certain amount every month in fees charged by an out-of-network provider. If you suspect you’ll use non-network ATMs frequently, look for a bank that will refund you.Choose a bank with easily accessible ATMs. Maybe some of your top bank picks all charge ATM fees. You’ll probably prefer the one with free machines near your home or office.Withdraw more money at once. Another solution is just to use ATMs less often. You can withdraw more money at one time rather than visiting ATMs frequently and paying multiple fees. The downside is that you may feel uncomfortable keeping a bunch of cash on hand.

Bank ATM fees can get expensive. But there are plenty of ways to avoid these charges, or at least pay less.

Read the original article on Business Insider

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