ATM fees may seem small, but they add up quickly—especially if you use out-of-network machines or withdraw cash frequently. The good news is that you can avoid most of these fees with a few simple habits. This guide explains the most common ATM charges and how to keep more money in your pocket every month.
Why ATM Fees Happen
Most ATM fees occur when you use a machine that doesn’t belong to your bank. In these cases, you may be charged twice: once by the ATM owner and once by your bank. According to national banking surveys, combined ATM fees can commonly reach $3–$7 per transaction.
Other fees, like balance inquiry costs or international ATM withdrawals, can also sneak up on people. Understanding them is the first step to avoiding them.
Smart Ways to Avoid ATM Fees
Use Your Bank’s ATM Locator
Your bank or credit union likely has several surcharge-free ATMs near you. Most mobile apps include an ATM finder tool, making it easy to stay in-network.
Withdraw Cash at Stores
Many retailers offer cash back with a debit card purchase. This can be an easy way to access money without paying ATM fees. Stores like Walmart, grocery chains, and pharmacies often allow $20–$100 in cash back, depending on location.
Take Out Larger, Less Frequent Withdrawals
If you usually take out small amounts repeatedly, you’re more likely to encounter ATM fees. Planning ahead and withdrawing slightly more (within your budget) reduces how often you need to visit an ATM.
Choose a Bank or Credit Union With Low or No ATM Fees
Some financial institutions reimburse ATM fees automatically each month or give fee refunds up to a certain limit. If you frequently use ATMs, this feature alone can save you $50–$150 per year.
Know Which ATMs Give Small Bills
If you need $1s, $5s, or $10s, it helps to plan ahead rather than visiting multiple machines. You can read our guide Which ATMs Give Small Bills? to avoid extra trips that may lead to unnecessary fees.
Common ATM Fees Explained
- Out-of-network fee: Charged by your bank for withdrawing at a non-network ATM.
- Surcharge fee: Charged by the ATM owner at the machine.
- Balance inquiry fee: Charged when checking your balance at an ATM outside your network.
- International withdrawal fee: Includes foreign transaction charges and local ATM fees.
Related Helpful Guides
- How to Avoid ATM Fees (More Tips)
- Do ATMs Dispense $1, $5, or $50 Bills?
- Where to Get $10 Bills Near Me
Understanding ATM fees and planning your withdrawals can help you avoid unnecessary charges and stretch your money further—one of the core goals of Good Money Keeping.