Home > Personal Finance > How Often Do Consumers Use ATMs?

Comments 0 Comments
Advertiser Disclosure


You may agree that there are very few things in this world as annoying as your money costing you money. That’s precisely what happens when you use an ATM to make a withdrawal, deposit or check your bank account balances. The fees are pretty high when you use an ATM that isn’t operated by your bank or financial institution.

In most cases, you’ll have to deal with fees charged by both the bank whose ATM you use and by your bank for using an outside ATM.

Common Fees Associated with Using ATMs

ATM banks vary from bank to bank and country to country. The following are informed estimates of what you may expect to pay when you use an ATM in and outside of the United States:

  • The ATM operator’s fee. Whenever you use an ATM that isn’t operated by your bank or isn’t part of its network, you can expect to pay an operator’s fee. The machine often highlights the fees associated with whichever transaction you want to make. Most banks charge non-customer fee of about $2.00 – $3.00.
  • Fees associated with your bank’s non-network fee. Unfortunately, your bank may also charge you a fee for using an ATM that isn’t part of their network. The fee for this type of transaction is a non-network fee. The charges for this fall between $2.00 and $3.50 depending on the bank and the kind of transaction you make.

The problem with this non-network fee is that you probably won’t be told about it during the transaction. It just shows up on your bank statements.

  • The international transaction fee. ATM transactions in other countries usually cost a lot as well. These fees typically fall around $2.00 to $7.00 combined with a percentage of the amount The amount withdrawn often comes out to be approximately 3% of the amount you withdraw.

There are, however, some banks that offer to waive these fees if the client has a huge balance in higher-tier savings or checking accounts. Some banks also reimburse these fees.

Tips on How to Avoid ATM Fees

When you go through your bank statement, you may see lots of ATM charges. Now that you know about those little $2.00 charges, you’ll start feeling them. If you want to reduce or eliminate these costs, there are some things you can start doing today. You may even want to re-think your ATM usage.

Here are some tips that will help you cut your ATM fees:

  • Make it so that you only use your bank’s ATMs or those that fall under its network.
  • Use your bank’s app to find ATMs that are under its network.
  • Make fewer cash withdrawals. One way to do this is to decide how much cash you’ll need for the week or month.
  • Choose the cash back option when you pay with your card at a store.
  • Use other services to make your payments like Google or Apple Pay.

Why Not Go Online?

You could also do all your banking online. Many online bank accounts do offer ATM access. They usually fall under an ATM network of an affiliated bank or financial institution. You still have access to your money and don’t have to worry about extra ATM fees.

Trying to minimize paying ATM fees can help you save some money. And since you’re saving money, why not invest in an online savings account? Online savings accounts usually pay more in interest, which can help your savings grow even more. Plus, you’ll still have access to your money without paying some of those pesky ATM fees, as long as you use ones within your bank’s network.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team