These Seven Banks Refund ATM Fees
We all know that money is everything, even if there is still no decision on how much you should have with you at any given moment. What is non-negotiable is how frustrating it is to walk up to an ATM and allow a $2 or $3 fee for the privilege of accessing your own money. Yes, you can go to one of your bank’s ATMs to avoid fees, but this is not always possible. Instead, choose a bank that will cover these fees for you.
Only a few banks and credit unions will do this if you open an appropriate account. If you are looking to change banks and are tired of constant ATM transaction fees, consider choosing one of the following institutions.
Charles Schwab. With the Schwab Bank Visa Platinum debit card, you get unlimited discounts on ATM fees when withdrawing cash wherever the card is accepted. To receive this card, you need to have both a Schwab One brokerage account and a Schwab Bank High Yield Investor checking account, with a $0 monthly maintenance fee, a $0 minimum account amount, and no foreign transaction fees. They also refund all ATM fees at the end of the month.
Credit Club . LendingClub offers a discount on the ATM fees applied when withdrawing cash from a Rewards Checking account using a debit card issued by LendingClub’s bank. ATM fees will be refunded at the end of each statement cycle. A minimum deposit of $100 is required to open an account.
Axos Bank . Axos Bank offers unlimited domestic ATM fee refunds for customers who have Rewards Checking, Cashback Checking or Essential Checking accounts. They also offer reimbursement of up to $8 per month for domestic ATMs for members with a Golden Checking account meant for customers 55 and older.
Union Bank . Ally Bank will refund up to $10 at the end of each issuance cycle for fees charged at other ATMs for all of its retail customers.
Fidelity Cash Management. With a Fidelity Cash Management account, you can get full ATM refunds on an unlimited number of transactions. Their debit card also includes travel assistance and emergency assistance, worldwide travel accident insurance, and car rental damage liability waivers.
Alliance credit union. Alliant Credit Union is offering up to $20 per month in ATM fees for members who use their Alliant Visa debit card. Note that while this does not include Visa’s 1% foreign transaction fee, they do rebate your account at the end of each day, getting the money back in your hands faster than most.
TD Bank. TD Bank will refund ATM fees provided you have sufficient funds – any surcharges will be refunded provided you maintain a minimum daily balance of at least $2,500 in your TD Beyond Checking account.