How to Avoid ATM Fees

Taking money out of an Automated teller machine (ATM) and discovering a fee on your receipt can be frustrating. Not all ATMs are alike, and it can sometimes be unclear whether you must pay a fee or not. Knowing what no-fee ATMs are in your bank’s network, common charges and ATM alternatives can help you avoid these fees and save money. Here are some tips and tricks to avoid ATM charges so you can withdraw money with no fees.

When do I have to pay an ATM fee?

You won’t face a fee if you take money out of an ATM run by your bank. Some banks may also partner with ATM networks to offer more options for withdrawing cash.

However, if you use an out-of-network ATM, you may face additional fees. For example, if you take out $100 in an out-of-network ATM, the receipt might show more than $100 taken from your account. ATM fees can vary and come in different forms.

• Fees from your bank: Your bank may charge a small fee for withdrawing money from an ATM at another bank or an out-of-network machine
• ATM owner surcharges: The owner of the ATM may charge a fee per withdrawal
• International service fees: ATMs in other countries may charge a fee for use or during currency conversion

These fees can be stacked, meaning you may have to pay both a bank fee and an owner surcharge when using an out-of-network ATM.

How much do ATMs charge?

ATM fees are usually small, but they can add up over time. The typical cost can be anywhere from $1.50 to $5 or more. The amount you’ll pay depends on several factors, including whether the ATM is in network and how each independent operator decides to set its fee.

What is a no-fee ATM?

A no-fee ATM charges no fees or surcharges for taking out money. The amount you withdraw is the amount subtracted from your account balance, no additional costs included. The most common no-fee ATMs are the machines in your bank’s branches, but some banks may partner with external networks to provide more no-fee options.

Can I get a bank account with no ATM fees?

Some checking accounts are more flexible with ATM fees. They may waive ATM fees automatically when you use an out-of-network machine. Be aware that you may need to meet certain requirements to qualify for waived ATM fees. For instance, you may be required to hold a minimum balance across all your accounts at that specific bank. Comparing account features can help you save money day-to-day.

How do I avoid ATM fees?

 Planning ahead and knowing your options can help you avoid - ATM fees. Here are some simple tips to keep in mind:

• Use in-network ATMs: Keep a list of nearby in-network ATMs or research ATM locations before traveling. Your bank’s website or mobile app may have a list of nearby locations.
• Get cash back at checkout: If you pay with a debit card at certain grocery and convenience store locations, you can withdraw money by asking for cash back. Banks may not charge a fee for this service, helping you avoid charges at the ATM. Be aware that some retailers may charge small fees for cash back.
• Plan ahead during ATM trips: Since ATM fees are per withdrawal, careful planning can help you save. If you’re able, take out more cash than you need at that exact moment so you can go longer between ATM withdrawals.
• Choose your location carefully: ATM fees aren’t standardized. A high-traffic location where you need cash quickly might charge more than the convenience store down the road. If you're going out, consider getting cash at a less expensive location before you reach your destination.
• Transfer money digitally: If you’re using cash to pay a small business or a contractor that only accepts cash, see if you can transfer money to them digitally.

Avoid ATM fees and save

By understanding when and where you’ll face an ATM fee, you can avoid unnecessary expenses and save your hard-earned funds. If you’re a Citi customer, use our branch locator to find a no-fee ATM near you. You’ll have cash in hand without paying extra.

Disclosure: This article is for general educational purposes. It is not intended to provide financial advice. It also is not intended to completely describe any Citi product or service. You should refer to the terms and conditions financial institutions provide for various products.