Getting Around ATM Fees

Have you ever gone to an unfamiliar ATM and wondered if you would be charged extra for using it? Maybe you’ve been surprised by how much you are charged for withdrawing cash. Fees are a major way that banks make money, but often they seem excessive. Bankrate.com recently found that out-of-network ATM fees now average over $4.50.

 

But you might not need to pay that much. Some banks and credit unions refund these types of fees. They may also have rewards programs and no minimum balance. It pays to shop around.

 

To check whether your bank or credit union refunds ATM surcharges, visit www.checkingfinder.com or www.kasasa.com.

 

 

Reference:

 

Gerstner, L. (2015, January). Never Pay an ATM Fee Again. Kiplinger.com. Retrieved December 9, 2015, from http://www.kiplinger.com/article/credit/T005-C000-S002-never-pay-an-atm-fee-again.html.