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What is the average total cost to withdraw money from an out-of-network ATM?

ngpf.org 9/18/23

Q:

Banking

QUESTION OF THE DAY

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$4.73

�($1.58 from one’s own bank and $3.15 from the ATM owner’s bank)

A:

QUESTION OF THE DAY

Banking

Source: Bankrate

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FOLLOW-UP QUESTIONS

  • Did you know that there is a charge for taking cash out of an out-of-network ATM? Do you think most people who use ATMs that are out-of-network are aware of this charge?
  • Why do you think there is a charge to use an ATM that is out-of-network?
  • What are some strategies you can use to avoid out-of-network ATM fees?