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 ATM FeeInternational ATM FeeForeign Exchange Fee
Bank of America$2.50$53%
Wells Fargo$2.50$53%
Chase$2.50$53%
Citibank$2.50$53%
U.S. Bank$2.50$53%
PNC Bank$3$53%
Capital One$0$23%
TD Bank$3$52.5%
BB&T$3$53%
SunTrust$3$53%
Citizens Bank$3$52.8% or 3%
Fifth Third Bank$0$53%
KeyBank$2.50$32%
Regions Bank$2.50$53%
M&T Bank$3$53%
Comerica Bank$2$23%
HSBC Bank$2.5$2.53%
BBVA Compass$2.5$2.53%
Santander$3$63%
BMO Harris Bank$3$33%

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 ATM fees at all:

Did you enjoy this article? Yes No
Oops! What was wrong? Please let us know.

Ask a Question

  • MattoxB53

    $3 fee?! Why is TD Bank’s fee so high compared to the others? What is it about their banking system that they have to charge that much? I’m curious to know because I was actually considering to switching over to them.

    • Theresa Kim

      Unfortunately, there is no correlation between the cost of out-of-network ATM fee and the quality of the service provided by a financial institution.

      Although the $3 out-of-network ATM fee may seem high, TD Bank differentiates itself from others in that they do not charge a foreign transaction fee. This means that you will only be charged an out-of-network ATM fee for using a Non-TD ATM abroad — not the foreign transaction fee (about 1% to 3% of the total amount) that is usually associated with this type of transaction at other banks.

      • Carlos

        Bank of America also waives foreign transaction ATM fees when you use partner banks, Barclay’s Bank in the UK or BNP Paribas in France being some examples.

  • Matt

    How about Online Banks? Ally Bank reimburses all the ATMs Fees!

  • Angelo_Frank

    I can access my money for free at ATMs within the CO-OP and Moneypass networks at most 7-11 convenience stores.

    • Logan

      711 ATM’s in the U.S. are on the Allpoint network and not the MoneyPass network. http://www.moneypass.com/atm-locator.aspx

      It is possible that your credit union also pays for membership on the Allpoint network as well as MoneyPass, but every CU is different.

  • tltx123

    My local credit union reimburses my ATM fees everywhere I go in the US.

  • Shree Mulay

    Charles Schwab bank reimburses all atm fees as well.

  • Theresa Kim

    Thanks for all the comments! Seems like there are plenty of ways to get free access to your money at the ATM. Was the ATM fee one of the major deciding factors in choosing your bank/credit union/online bank? Let us know!

  • Julie

    How come my nearest Wells Fargo charge $5 for each transaction?

    • Simon Zhen

      Julie, I need a little more information as to how the $5 was charged. I’m assuming that you’re not a Wells Fargo customer?

      Wells Fargo charges a $3 fee when a non-customer uses its ATMs. Your own bank may have charged $2 for an out-of-network ATM transaction. The total fee would be $5 per transaction.

  • RhythmicallyPulsingGoo

    This info is wrong. Chase charges $5.

  • Rober t

    Is there any way to avoid ATM Fees withdrawing money with a non US-Credit card?
    If not does any one know which ATM has the lowest fees? I use BoA and they charge $3 per withdrawal.

  • Marco Espada

    This intel is wrong PNC charges $3.50

  • Anthony William Mitchell

    In the UK all bank ATM’s within the link network are free which is most of them, banks here realised long ago that charging each other was counter productive and lost customers. US customers should vote with thier feet to avoid these kind of charges.