Out-of-Network ATM Fee Comparison at Top U.S. Banks

ATM Machine

Ever find yourself in need of cash after bank hours? You run around looking for your bank’s automated teller machine, but there are none to be found. It would be great if your bank had an ATM on every corner, but unfortunately, that’s not very realistic. So, you might be forced to use another bank’s ATM. Here’s what you will have to pay for using an out-of-network ATM at the 10 biggest banks in America (oh, and you might want to keep looking for your bank’s nearest ATM by the way).

According to a banking analysis by MyBankTracker, the biggest banks in America will charge an out-of-network ATM fee of $2 to $3.

Out-of-Network ATM Fees at the Top U.S. Banks

BankOut-of-Network Withdrawal Fee*Foreign Exchange Fee Foreign Withdrawal Fee
Bank of America$2.50

fee waived for: no accounts
3%$5
Wells Fargo$2.50 (balance inquiry fee is $2.00)

fee waived for: Portfolio Checking accounts, the first transaction for Preferred Checking accounts, & the first 4 transactions when enrolled in Military Banking program
3%$5
Chase$2.50

fee waived for: Chase Premier Platinum Checking, Chase Premier Savings, & the first 4 transactions for Chase Premier Plus Checking
3%$5 (balance inquiry fee is $2.50)
Citibank$2.50

fee waived for: Citigold and Citi Priority members, if monthly balance requirements are met for all members, & if first listed account owner is 62+ for Basic Banking members
3%$5
U.S. Bank$2.50

fee waived for: Platinum Checking accounts & the first 2 transactions for Gold Checking
2% for U.S. dollars and 3% for international currency $2.50
PNC Bank$3

fee waived for: Performance Select Checking accounts & first 2 transactions for Performance Checking
3%$5
Capital OneNone

fee waived for: no accounts
3%$2
TD Bank$3

fee waived for: TD Relationship Checking accounts, TD Premier Checking, TD Preferred Savings accounts, Private Tiered Checking, & TD Private Tiered Savings
None$3
BB&T$2.50

fee waived for: BB&T Elite Work Checking accounts, BB&T Wealth Vantage accounts, & the first 10 transactions for BB&T Private Vantage, the first 8 for BB&T Asset Management accounts, the first 4 for Elite Gold accounts, & the first 2 for BB&T Student Banking
3%$5
SunTrust$3

fee waived for: Signature Advantage Checking accounts & the first 2 transactions for Select Checking
3%$5
Citizens Bank$3

fee waived for: the first 4 transactions for all accounts
2.8% or 3%, depending on whether transaction is made in U.S. dollars or a foreign currency $3
Fifth Third Bank$2.75

fee waived for: the first 10 transactions Military Checking accounts & the first 5 for Student Checking accounts
3.2% (3% for transaction + .2% for currency conversion)$5
KeyBank$2.50

fee waived for: Key Privilege Select Checking accounts & reimbursement up to $6/month for Key Advantage Checking accounts, Key Privilege Checking accounts, & Key Student Checking accounts
2%$5
Regions Bank$2.50

fee waived for: the first 2 transactions for Preferred Checking accounts & the first 2 transactions if you provide your Military ID for any Regions Checking accounts
3%$5
M&T Bank$3

fee waived for: no accounts
$0.50 or 3% of the U.S.
dollar amount, whichever is greater, of any Visa transaction
$5 or 3% of the
U.S. dollar amount, whichever is greater, of the transaction
Comerica Bank$2.50

fee waived for: no accounts
3%$5
HSBC Bank$2.50

fee waived for: no accounts
3% $2.50
BBVA Compass$3

fee waived for: option to pay $5 extra to have fee waived, plus up to 4 rebates of ATM fees charged by other banks
1% of transaction amount at BBVA ATM and 3% of transaction amount at non-BBVA ATM$3
Santander$3 (student value checking is $2)

fee waived for: Santander Premier Plus Checking accounts & Santander Select Checking accounts
3% when you use your ATM card and 4% when you use your debit card$6
BMO Harris Bank$2.50

fee waived for: accounts with a college student member & Premier accounts, plus will rebate up to $25 in fees charged by other banks ATM's
3%$3
*Note: fees charged by operating bank may still apply even with waived fee and waived fees are restored every statement cycle.

Although taking cash out of the nearest ATM is extremely convenient, you must pay for this convenience — literally! When you use ATM machines that are outside of your bank’s ATM network regularly, these seemingly-harmless ATM fees can seriously add up and become rather expensive.

Not to mention that you are additionally responsible for any fees charged by the ATM operator that may also add a surcharge to the amount of the withdrawal or charge a fee for a balance inquiry even if the transfer or withdrawal is not completed.

Out-of-Network ATM Fee Changes

Banks have a history of changing their fees from time to time. ATM fees are no exception. However, banks will provide a notice about any upcoming fee changes in their fee disclosures.

Note: Citibank’s out-of-network ATM fee will be waived for the following accounts: Citigold Account Package, Basic Banking Package (the first signer must be 62 years of age or older), Citibank Account Package (account holder must maintain $15,000 or greater combined average monthly balances in eligible linked accounts), and Citibank Student Account Package. Grandfathered accounts that have a waiver for this fee will also not be impacted by the change.

For SunTrust customers, ATM fees will not apply for Signature Advantage Banking account holders since all transactions done at non-SunTrust ATMs are waived and all ATM surcharge fees are refunded for this account.

For all other Citibank and SunTrust customers who make frequent use of out-of-network ATMs, you may want to consider switching to another checking account or reviewing your financial habits to make adjustments for the change.

Ways to Avoid Out-of-Network ATM Fees

In the past few years, many brick-and-mortar bank customers have converted to online banking — with higher yield and no ATM fees being strong factors to switch. Ultimately, consumers aren’t looking for a bank with the lowest out-of-network fee, but hoping to avoid it altogether. Although this seems unrealistic — all of the 10 largest banks in America charge for this type of transaction — there are still ways you can get away with paying zero for those annoying out-of-network ATM transactions.

  • The most obvious way you can avoid any ATM fees is by getting cash at your bank since withdrawals at branches are always free. For cash withdrawals after regular bank hours and holidays, the best way to avoid this fee is by using an ATM that belongs to your financial institution. Try going on your bank’s website to locate your bank or look for one an ATM close to you. These banks have a network of thousands of automated teller machines, so identify the ones that are convenient for you to get to.
  • Another trick to getting cash for free is through a debit card transaction since many stores will give you an option for cash back after you make any purchase — for free.
  • Note that many financial institutions have partnered ATM networks that you can use without any surcharge. ATM networks like Allpoint and STAR offer greater access to surcharge-free ATMs for banking customers across the country, while the CO-OP ATM network allows surcharge-free access to the ATMs of all the partnered credit unions.
  • If all else fails, you can also follow the footsteps of the online bank converters and switch to an online bank, like Ally Bank, which offers fee waiver or reimbursement on what you accumulate using out-of-network ATMs. If you’re not quite ready to change banks, you may want to consider switching to a different checking account as many banks offer waivers for these fees depending on the type of account you have or if you fulfill certain requirements.

Here are the top online banks that offer ATM fee refunds or don’t charge ATM fees at all:

Theresa is a research analyst at MyBankTracker.com. She is an expert in bank fees and policies, money psychology and consumer spending.

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