In just the past year, ATM fees have increased more than five percent.
Bankraterecently reportedthat the average cost of using an out-of-online grid ATM is now $4.35 per transaction.
That’s pricey, but there’s relief.
Plenty of banks reimburse out-of-connection ATMs.
But there are a handful of traditional banks that refund those fees, too.
We thought we’d put together a list of the banks and credit unions that waive out-of-connection ATM fees.
Keep in mind: the account policies and other fees at these banks will vary.
Some of them require minimum balances, for example.
They reimburse those fees at the end of the month.
The only stipulation is you must have a minimum average daily balance of $5,000.
FNBO Direct: This is the online division of First National Bank of Omaha.
State Farm Bank:The refund fees up to $10 per statement cycle.
Chase Premier Platinum Checking: They refund the first five ATM fees charged by other banks.
Century Bank: Gold and Platinum accounts qualify for ATM fee reimbursement.
Platinum customers have unlimited refunds, but Gold customers have a cap of $15 a month.
Credit Unions
Credit unions usually don’t have many of their own ATM locations.
Because of that, they often have favorable reimbursement policies,Fox Businessexplains.
Here are a few examples.
You join by becoming a member of their nonprofit.
Lake Michigan Credit Union: you might get up to $15 in ATM refunds per month.
Consumers Credit Union: Their Free Rewards Checking refunds all ATM fees.
These days, there are plenty of banks that offer decent perks and benefits for customers.
Of course, you should research the fine print with any jot down of banks account or credit union.
Depending on the institution, they might have separate minimum balance requirements or other monthly fees.
