ATM Fees

Normally your own bank will not charge you an ATM fee, regardless of which of its branches you use.  Sometimes you will have reciprocal rights from another bank’s ATM if they are part of the same network as your bank (like Cirrus, NYCE or Plus), but this is not always the case.  These additional ATM fees can be costly.  If you use another bank’s ATM machine, or any ATM machine located in a mall or a store, chances are you will incur a transaction fee.  Transaction fees can range from $1.00 to $3.00 per transaction.  The machine must tell you if it is going to charge you a fee.  It must disclose the amount of the fee and you must agree to the fee (generally by tapping the "Yes" button after the charge is explained), if you expect to receive the cash.  Plan ahead—don’t be caught paying $3 if you only need $20.  Make sure you remember to deduct any ATM fees when balancing your checkbook, along with your ATM withdrawal.

One note of caution: before you use an ATM machine, check out your surroundings.  Make sure no one is lurking around. Protect your PIN number.  Bring a friend with you, especially at night for extra security.

When you shop around for a bank see Selecting A Bank if you plan to use your ATM often, see which bank has the most branches in the area you live, go to school, play, or work.  Also, check out their fees.  See the above note regarding overdraft fees.