How To Avoid ATM Fees

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Be realistic
You should withdraw larger amounts of cash if you find yourself having to use the ATM regularly. The next time you find yourself at an ATM machine, withdraw enough money so that you won't have to make numerous trips to it.

Take out a couple of weeks worth of cash rather than just a week's worth. You will have the cash on hand and, therefore, won't have to make the extra trips to the ATM.

Use credit
If you always pay your credit card on time and carry no balance, consider using your credit card instead of cash whenever possible. As long as you pay on time, credit card companies don't charge any fees, and if you have a frequent flyer card, you'll be impressed at how quickly the miles add up.

Deal with bigger banks
Consider doing business with bigger banks; they tend to have more ATM machines that cover a greater area of service. The greater the number of machines they have, the more convenient it is to withdraw money and hence, the fewer charges you will incur from using other banks' ATMs.

Ask lots of questions
Choose the bank that you will be doing business with wisely: Ask specifically about fees when using an ATM out of the bank's network of machines. You might also want to consider using a credit union: in general, most do not charge members ATM fees.

personal finance finale

I am not highly against ATM fees because I think the service provided is convenient. But that doesn't mean you shouldn't try to reduce your fees as best as you can. After using the strategies listed above whenever possible, I can say that I have succeeded at reducing my fees. Give it a try and see how much you'll end up saving in a year.

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