ATM fees can quickly add up, taking a big chunk out of your money. On average, people pay $4.59 for each ATM use outside their network. This includes a $1.51 fee from the bank or credit union and a $3.08 ATM surcharge.
Many banks and credit unions offer free ATM withdrawals and surcharge-free ATMs. This helps save money and makes life easier for their customers.
Allpoint has over 55,000 free ATMs across the U.S. This means you can get cash without extra fees. Most ATMs are open 24/7, so you can withdraw money whenever you need to.
Using tools like “ATM near me” on bank websites and apps helps find free ATMs. This way, you can avoid the high fees of out-of-network withdrawals.
Why ATM Fees Matter and How to Avoid Them
ATM fees have gone up by 1.5% in the last year, now averaging $4.73 per use in 2023. At first, this might seem small. But over time, these fees can really add up and hurt your wallet.
It’s important to know how to dodge these fees. Using ATMs from your bank is a good start. For example, Chime Checking Account users can use over 60,000 fee-free ATMs. This helps avoid extra fees.
Out-of-network ATM fees have hit a record high of $4.73. But there are ways to avoid these costs. Using networks like STAR, Allpoint, or MoneyPass can save you money. Mobile banking apps also help find no-fee ATMs easily. Plus, getting cash back on debit card purchases can dodge ATM fees altogether.
Many banks also refund ATM fees. For example, Ally Bank Spending Account refunds up to $10 in fees each month. Some banks even refund up to $25 a month, depending on your account. This can save you a lot of money over time.
It’s also key to know the fees of different banks. For instance, Bank of America charges a 3% fee for ATM withdrawals outside the U.S. This shows why picking the right bank is important to save money.
| City | Average ATM Fee |
|---|---|
| Atlanta | $5.33 |
| Boston | $4.24 |
In summary, as ATM fees keep going up, it’s smart to stay informed on how to avoid them. This can really help with your finances. For more tips on avoiding ATM fees, check out this comprehensive guide.
Guide to free atm withdrawals with certain banks who gives you what
For those wanting to keep more of their money, knowing which banks offer free ATM withdrawals is key. Many banks and networks have changed their ATM fee policies to meet this need.
Banks like Axos and Connexus are great examples. They have big ATM networks and cover fees for out-of-network use. This makes them top choices for banks with no ATM fees. Their customers enjoy easy access to cash anywhere in the country.
CO-OP and PULSE have thousands of free ATMs across the U.S. Allpoint has over 55,000 free ATMs worldwide. Plus Alliance goes even further, with access to thousands of free ATMs in the U.S. and over 2 million globally. This shows how far-reaching free ATM access can be.
Here’s a table comparing some notable banks and their ATM policies:
| Bank/Network | Free ATM Access | ATM Network Size | Additional Benefits |
|---|---|---|---|
| Axos Bank | Yes | Extensive, plus reimbursements | Axos Rewards Checking |
| Connexus Credit Union | Yes | Extensive, plus reimbursements | Connexus Xtraordinary Checking |
| Allpoint Network | Yes | 55,000+ worldwide | Surcharge-free for affiliated banks |
| MoneyPass Network | Yes | 40,000+ nationwide | Fees waived for participating banks |
| Plus Alliance Network | Yes | Thousands nationwide, over 2 million worldwide | International access |
Nowadays, getting cash without extra fees is a smart money move. This guide shows you the best banks and networks that offer fee-free ATM access.
Large ATM Networks Available to Customers
Large ATM networks are key for banking convenience. They offer nationwide access and low withdrawal fees. Allpoint, CO-OP, and STAR are leaders, with thousands of ATMs across the U.S. and abroad.
The Allpoint Network is a big deal, with over 55,000 ATMs worldwide. You can find them at places like Target, CVS, and Costco. Banks like Ally, Capital One, and HSBC are part of it, making withdrawals free for their customers.
Even if you see a message about fees, you won’t pay extra. The Allpoint app helps find ATMs, making it easy to get cash.
STAR Network also has a huge reach, with over 2 million ATMs globally. This helps cut down on high ATM fees, which can be a big deal for small transactions. Networks like Transfund and CO-OP have thousands of ATMs in the U.S., Canada, and the U.K. They’re in places like supermarkets and drugstores.
Using these networks makes banking better for customers. ATMs are everywhere, making it easy to get cash without high fees. To learn more, check out this guide to international business banks.
