Never Pay an ATM Fee Again
Withdrawing your own cash is more expensive than ever. Find out which banks are charging no additional fees.
According to a recent Bankrate.com survey, the average out-of-network ATM fee hit a record $4.52. That includes the fee your bank charges to use a non-network ATM and the fee the ATM’s owner levies. But some institutions cut you a break. They charge no fees to customers who stray out of network and they reimburse fees that others charge. We found five online banks and credit unions that refund ATM fees and have no minimum balance, monthly fees or other strings attached to get the rebates.
Bank of Internet USA refunds all domestic out-of-network ATM fees on its Rewards, CashBack and Essential checking accounts. If you enroll in online banking and sign up for e-statements at Radius Bank, you’re eligible for its Hybrid or Checking account, both of which reimburse all ATM fees. Alliant Credit Union refunds up to $20 a month in out-of-network ATM fees. Bank5 Connect checking reimburses $15 per statement cycle, and Ally Bank interest checking refunds $10 per statement cycle.
Other institutions reimburse ATM fees if you use your debit card a certain number of times a month and have a direct deposit or bill payment. Among them: Consumers Credit Union Free Rewards Checking, which offers unlimited ATM reimbursement plus an interest rate that was recently as high as 5.1%. Lake Michigan Credit Union Max Checking pays back $15 a month and yields 3%. To find banks and credit unions that refund ATM fees, go to www.checkingfinder.com or www.kasasa.com.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.
-
Is a Phased Retirement Right for You?
Want to keep working, just not as hard? A phased retirement may just be the answer.
By Kimberly Lankford Published
-
Four Tips to Make Your Sales Presentation a Winner
Being prepared and not being boring can go a long way toward persuading a potential customer to buy into what you’re offering.
By H. Dennis Beaver, Esq. Published
-
403(b) Contribution Limits for 2024
retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2024 than they could in 2023.
By Jackie Stewart Published
-
Roth IRA Contribution Limits for 2024
Roth IRAs Roth IRA contribution limits have gone up for 2024. Here's what you need to know.
By Jackie Stewart Published
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How Much Life Insurance Do You Need?
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life-insurance needs.
By Kimberly Lankford Published
-
When Is Amazon Prime Day?
Amazon Prime In 2023 Amazon had two Prime Day events — one in July and another, called Big Deal Days, in October. We expect 2024 to follow the same schedule.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published
-
5 Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Rates are high this year, but you can still find an affordable loan.
By Daniel Bortz Published