Banks with No ATM Fees: A Guide to Smart Banking

If you're tired of paying unnecessary fees every time you withdraw cash from an ATM, you're in luck. Some banks offer no-fee ATMs, and we've got the inside scoop.

Ally Bank, for example, offers no-fee ATMs at over 43,000 Allpoint locations worldwide. That's a lot of convenient cash access without any extra charges.

Bank of America, on the other hand, charges a $2.50 fee for using non-Bank of America ATMs. But, if you have a Bank of America Advantage Plus Relationship Rewards account, you can get reimbursed for those fees.

Some banks also offer no-fee ATMs for their customers, but charge fees for non-customers. For instance, Wells Fargo has a network of over 13,000 ATMs that are free for customers, but may charge a fee for non-customers.

Ally Bank offers access to AllPoint ATMs with no charges for using an ATM in the U.S. within Ally's network, and up to $10 reimbursed each statement cycle for other ATMs.

TD Bank's TD Beyond Checking account earns interest and reverses two overdraft fees yearly, and you can use TD ATMs without paying surcharges, but you must have a daily minimum of $2,500 in your account to qualify for fee reimbursements on non-TD ATMs.

Axos Bank provides unlimited refunds on domestic ATM surcharges for its Rewards Checking, Cashback Checking, and Essential Checking accounts, and Golden Checking accounts receive up to $8 in refunds every month.

TIAA Bank has a network of 80,000 ATMs nationwide you can use without a fee, and it automatically reimburses up to $15 in U.S. ATM fees every month, but you can earn unlimited ATM fee reimbursements if you have an average daily balance of more than $5,000.

Some notable banks with no ATM fees include Ally, Axos, and TIAA, which offer various benefits and reimbursement options for out-of-network ATM usage.

Here's a list of some banks with no ATM fees:

Navy Federal Credit Union offers a network of thousands of locations across all 50 states and 10 countries, so you can easily find a nearby ATM.

You can search for Navy Federal ATMs online or use their mobile app to quickly find a location.

LendingClub's Rewards Checking account allows you to withdraw without a fee from 37,000 ATMs nationwide.

They're partnered with MoneyPass and SUMSM, making it easy to access your money on the go.

With Navy Federal's Free Easy Checking and Free Active Duty Checking accounts, you can enjoy fee-free services and ATM fee rebates.

LendingClub's Rewards Checking account also offers unlimited reimbursements when using out-of-network ATMs, so you don't have to worry about extra fees.

Navy Federal's ATM network is so extensive that you're likely to find a location near you, even if you don't see a Navy Federal ATM machine nearby.

ATM access is a crucial aspect of banking, and having no ATM fees can make a big difference in your financial life.

You can usually locate nearby ATMs owned by your bank or ones in its fee-free network by checking your bank's app or website.

Using in-network ATMs can save you money, as you won't be hit with a surcharge from the bank that owns the ATM, as well as a fee from your bank for using an ATM not in its network.

Cities with the highest ATM fees include Atlanta, Phoenix, and Detroit, where the costs can really add up.

In contrast, metro areas with the lowest ATM fees include Seattle, Philadelphia, and Boston, according to Bankrate's 2023 checking and ATM survey.

ATM fees can quickly become a significant expense, especially if you frequently withdraw cash, with each transaction costing a few dollars on average.

You can avoid these unnecessary costs by choosing a bank with no ATM fees and keeping more money in your pocket, which can add up to over $200 a year.

The accessibility offered by banks without ATM fees can be a lifesaver in emergencies, allowing you to withdraw money without hesitation or extra charges.

Fees for ATM withdrawals alone are an average of $4.55, so it's essential to be mindful of these costs and choose a bank that offers free access to your money.

With banks that have no ATM fees, you can access your money anywhere in the world without worrying about extra charges. Fidelity Cash Management is a great option for travelers, offering access to 1 million ATMs worldwide with no charge.

Traveling abroad can be stressful, but with Fidelity Cash Management, you'll have protection in case of an emergency. You'll also get worldwide travel accident insurance and a rental car collision damage waiver.

Having a bank account without ATM fees can encourage better money management. By not worrying about fees, you're more likely to withdraw smaller amounts of cash as needed, which helps prevent overspending and promotes careful budgeting.

Betterment is another great option that reimburses all ATM fees worldwide, and you won't have to worry about Visa foreign transaction fees either. With no minimum balance or deposit requirements, and no monthly service fees, you can focus on growing your savings.

Using banks without ATM fees can encourage better money management. This is because you're not worried about incurring fees, so you're more likely to withdraw smaller amounts of cash as needed.

Overspending can be prevented and careful budgeting can be promoted by this approach. Some banks without ATM fees offer other financial tools, including budgeting apps, spending trackers, and financial planning resources.

By taking advantage of these features, you can better understand your finances and make more informed decisions. For example, Betterment reimburses all ATM fees worldwide and also reimburses the Visa foreign transaction fee.

With no minimum balance or deposit requirements and no monthly service fees, you can focus on growing your savings. Choosing banks without ATM fees can also contribute to better financial planning by allowing you to allocate more money toward your savings and investments.

The money saved from avoiding ATM fees can be added to an emergency fund or invested in a retirement account. Over time, these small savings can grow significantly, providing a solid financial foundation.

Banks that prioritize customer satisfaction often eliminate ATM fees, providing value to their customers. This focus on customer service can lead to a more positive banking experience and greater loyalty.

Happy customers are more likely to recommend their bank to friends and family, promoting word-of-mouth growth. Banks like SoFi understand the importance of customer satisfaction and strive to keep it that way.

Choosing a bank without ATM fees is a smart financial decision, offering convenience, encouraging better money management, and contributing to better financial planning. By selecting a no-fee bank, you can save money and enjoy a more positive banking experience.

Banks that eliminate ATM fees prioritize customer satisfaction, providing security and peace of mind. This approach can help you take control of your finances and make informed choices about your banking.