Banks are always charging a fee for something. Why do we have to pay to access our money? If you think about it, it really makes no sense....but very little does these days.
One of the ways Banks make money is by charging us ATM fees, and somehow those fees keep going up. Crazy, right?
Here are some ways to avoid the fees.
1. Go to the bank ATM that issued the card. It sounds like a no-brainer, but you'd be amazed at the number of people who rush to the ATM closest to them instead of going to the issuing bank.
2. Get cash back with a purchase. Many of the chain drug, food stores, etc. will allow you to get cash back with your purchase, and you incur no charges.
3. Open a checking account at a Brokerage firm. Many of these firms (Fidelity mySmart Cash Account and Schwab High Yield Investor Checking rebate, to name 2) waive ATM fees for account holders.
4. Keep extra cash on hand. Again, sounds like a no-brainer, but many only take out the exact amount of money that they need.....PLAN AHEAD.
5. Bank online. Banks like Ally Bank, HSBC Direct, eTrade, will reimburse account holders either a certain number of out-of-network fees or in some cases unlimited reimbursement. Check the bank for details.
6. Mobile Apps. Mobile Allpoint App (http://locator.allpointnetwork.com/AllpointMobile.aspx) can be downloaded to your smart phones to help you find free fee ATM locations.
7. Credit Union. If you're a member of a Credit Union and have an account with them, and they are a member of the CO OP Network, there are no fee ATMs . Check your Credit Union for details.