Your bank will not always have a branch close by, and there are times you would need money after bank hours. When this happens, what do you do? You look for an ATM close by to withdraw the money you need. However, have you ever searched everywhere for the automated teller machine at your bank, but none can be found close to you? As a result, you would have to make do with some other bank’s Automated Teller Machine. This gives you concern because it cost charges and you would like to know how much they charge? Here is the answer to your concerns and a list of ATM fees you should know.
Atm Fees List
The fees Automated Teller Machines charge include Operator’s fees, non-network fees, and even international transaction fees. However, If you use an international or out-of-network ATM, bank ATM fees can be from $2.50 to $5 or more for each transaction. You may incur many other fees if you use an ATM that is not run by your bank for any kind of transaction. In some cases, both your bank and the company running the ATM you use will charge you these fees. Automated Teller Machine Fees in the United States.
The following are different bank fees for the use of bank ATMs:
1. Operator’s fees:When making use of an ATM that isn’t a part of your bank, the ATM tells you about a fee levied by the bank or business that operates the ATM. At their ATMs, banks charge non-customers between $1.50 and $3.50, while non-bank ATM owners charge up to $10 for each transaction.
2. Non-network charges from your bank: You will be charged a “non-network” ATM fee by your bank if you use an ATM run by a different bank. These charges will usually cost between $2.00 and $3.50 determined by your bank. Understand that you will not be told about such costs while using an ATM.
3. International transaction fee: You often pay more for withdrawals when making an international transaction. These fees include a conversion amount in the form of a percentage of the money withdrawn, usually 3 percent, and a flat fee of roughly $2 to $7.
List of Bank Automated Teller Machine Fees
The normal ATM withdrawal fees that each bank levies are listed below. Normal transactions at an Automated Teller Machine that is not your will attract non-network fees.
| BANK | NON-NETWORK ATM FEE | INTERNATIONAL ATM FEE | ATM OPERATOR FEE |
| Citibank | $2.50 | $2.50 and 3% | $3.00 |
| Capital One | $2.00 | $2.00 and 3% | $3.00 |
| Bank of America | $2.50 | $5.00 and 3% | $3.00 |
| BB&T | $2.50 | $5.00 and 3% | $2.5 |
| BBVA Compass | $2.50 | $2.50 and 3% | —- |
| HSBC Bank | $2.50 | $2.50 and 3% | —- |
| Keybank | $2.50 | $5.00 and 1% | $2.50 |
| BMO Harris | $2.50 | $2.50 and 3% | $2.50 |
| Chase | $2.50 | $5.00 and 3% | $3.00 |
| Comerica Bank | $2.50 | $5.00 and 3% | $3.00 |
| Fifth Third Bank | $2.75 | $5.00 and 3% | $1.50-$3.50 |
| Wells Fargo | $2.50 | $5.00 and 3% | $3.00 |
| U.S. Bank | $2.50 | $2.50 and 2% | $2.50 |
| SunTrust | $3.00 | $5.00 and 3% | $3.00 |
| Citizens bank | $3.00 | $3.00 and 3% | $3.00 |
How Can You Avoid Out-of-Network ATM Fees?
Many brick-and-mortar bank customers have switched to online banking in recent years due to issues like no ATM fees and others. In the end, customers are trying to avoid paying out-of-network fees completely rather than looking for the bank with the lowest fees. Do any of these to avoid those pesky out-of-network ATM fees.
1. You can get money from your bank using withdrawals at branches because that is always free The easiest option to avoid this cost is to withdraw during regular banking hours and on holidays is to use an ATM that belongs to your banking company. To find your bank or find an ATM not far from you, try going to the website for your bank. Choose the automated teller machines that are close to you from the thousands that these institutions have.
2. Use a debit card
3. You should be aware many financial institutions have collaborated with surcharge-free ATM networks. Banking customers all over have much access to surcharge-free ATMs thanks to ATM networks like Allpoint and STAR, while the
-OP ATM Network gives surcharge-free access to all ATMs.
4. You can use online banks to be free from these charges.
Conclusion,
The amount of ATM fee you incur after using a different bank other than your own for withdrawals depends on the operator bank. With this list given above, you can either look for the nearest ATM with the lowest fees or follow the instructions given on how to avoid these charges.
FAQ
1. Which bank charges the lowest Automated Teller Machine fees?
Capital One Bank is the bank with the lowest Automated Teller Machine fee at $2.00 while most others charge at least $2.50.
2. What is the best way to avoid Out-of-Network Automated Teller Machine Fees?
The best way is to withdraw your money at the bank during banking hours. Plan yourself to avoid a shortage of money at the time the need arises
