How Do You Avoid Paying Pesky ATM Fees?


This graphic shows money being spit out of an ATM.


The common ATM price is about $3, however some machines impose heftier surcharges of $5 or extra. Illustration by Ken Lyons/The Penny Hoarder

Do you hate ATM charges? Nicely, you’re not alone.

Paying cash to entry your personal cash is irritating to say the least.

The common ATM price is about $3, however some machines impose heftier surcharges of $5 or extra.

Non-bank ATM operators usually cost much more, as much as a whopping $10 per transaction. (Casinos in Las Vegas, for instance, are notorious for top ATM withdrawal charges.)

A pair {dollars} right here and there could not appear to be lots. However these small costs actually add up in the event you’re on a good price range.

You may often keep away from pesky charges by visiting your financial institution or sticking to in-network ATMs. Some monetary establishments will even reimburse you for a sure variety of ATM charges per thirty days or per yr.

You can even ask for money again whenever you’re trying out at a retail retailer, or use money switch apps like PayPal and Venmo if it is advisable to ship cash to associates.

However typically ATM charges are unavoidable, particularly in the event you’re touring or pressed for time.

ATMs additionally generate income for companies that host them, so some institutions make it handy (however costly) to make use of them. Have you ever ever been to a bar or restaurant that solely accepts money — but occurs to have a high-fee ATM only a few toes away?

The Penny Hoarder Neighborhood — a gathering place the place like-minded people share ideas and recommendation on making, saving and managing cash — is conducting a brand new survey to find out how members keep away from ATM charges.

Thus far, respondents favor sticking to in-network machines and planning forward to bypass undesirable costs.

Greater than 1,350 folks have already weighed in, nevertheless it’s not too late to share your opinion, too! Head on over to The Penny Hoarder Neighborhood to forged your vote now earlier than the survey ends Aug. 10.




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