You’re spending a night downtown and having a great time up until you realize you need cash. Not a problem. You walk up to the nearest ATM, pull out some money, but realize there was a $5 ATM Transaction Fee! Its not a crazy amount, but it still haunts you for the night because you wasted $5. If you don’t want this to happen to you, plan ahead and save money on your ATM Fees!
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How Much Does an ATM Charge?
ATM Fees usually range from about $2- $5. If you need straight cash often, you’ll probably be drowning in these fees as they build up.
Major Banks’ ATM Fees
There are banks that don’t charge fees at all like Capital One and some that charge up to $2 per withdrawal from Non-network ATM’s. All banks charge different fees and it is important for you to know how much a bank charges.
|Bank||Non- Network ATM Fee||Non- Network International ATM Fee|
|Bank of America||$2.50||$5.00|
|BBVA Compass||$2.50||$2.50 and 1%|
|First Tennessee Bank||$3.00||$3.00|
|Fifth Third Bank||$2.75||$5.00|
|M&T Bank||$3.00||Larger of $5.00 or 3%|
|Huntington National Bank||$3.00||3%|
|Bank of the West||$2.50||$2.50|
|City National Bank||$2.50||$2.50|
|People’s United Bank||$2.95||$2.95|
|First National Bank of Pennsylvania||$2.50||$2.50|
Foreign Transaction Fees
When withdrawing from an ATM internationally, ATM fees can be much higher. For example, at Keybank, domestic ATM’s charge $2.50, but the international fee is double with $5.00. While planning a trip abroad, be sure to check with your bank for international ATM fees to consider for your traveling budget!
When you need an ATM transaction, look around for an ATM that is in your bank’s network. Most banks will not charge ATM fees for ATM’s inside their network. Some banks offer ATM fee waivers if you have a certain minimum balance. The best way to check your ATM Fees at your bank is to call them and figure out. If you want to travel abroad, be sure to check what international fees you will have to worry about. If you’re interested in opening up a credit card, be sure to view our full list of the Best Credit Cards! If you want to start saving money and diversifying your future investments, consider opening a savings account and look through our compiled list of the Best Bank Rates!