Avoid ATM fees with these debit cards

We have visited many times. You need cash to buy (especially abroad), but there are no ATMs in the network nearby. So what? Here are some tips to save you as much as you can the next time you get into this situation.

First, if you’re not sure yet, check to see if your bank charges a fee for ATM withdrawals outside the network. If not, you only have to worry about ATM charges. Also, not all ATMs have their own fees, so in this case you may be able to escape without paying any fees.

For your ATM card To do Even if you charge ATM fees outside the network, you may be able to avoid them if your bank has a partner. This is especially useful when traveling abroad. For example, some banks in the United States are affiliated with banks in other countries. This usually means that you can avoid fees by using an ATM from one of these affiliated banks.

If your bank doesn’t have an international partner, don’t worry. There are still ways to avoid the charges. One way is to see if your bank has a mobile app and you can withdraw cash from an ATM without charging a fee.

Another way to avoid ATM fees is to use a debit card that does not charge ATM withdrawal fees. Some of these cards will refund other ATM fees up to a certain number of times a month. These cards are becoming more and more popular, so it’s worth doing some research to see if one of them is right for you.

Please note that some debit cards will also charge foreign transaction fees. This fee can be up to 3%, so depending on the transaction amount, you may be able to save more money in the long run by paying an ATM withdrawal fee.

Top debit cards that do not charge fees and refund other ATM fees include:

• Charles Schwab Debit Card: There are no ATM fees on this card and unlimited ATM fees are refundable. There is no overseas transaction fee for withdrawals overseas.
• Fidelity Debit Card: This card has no ATM fees, unlimited ATM fee refunds are possible, and withdrawals outside the United States are subject to a 1% foreign transaction fee.
• Alliant Credit Union Debit Card: This card will refund the first $ 20 of the monthly ATM fee and charge a 1% foreign transaction fee for withdrawals outside the United States.
• USAA Debit Card: This card will refund the first $ 15 ATM fee for each statement period. There are no foreign transaction fees and there is a 1% foreign transaction fee for withdrawals outside the United States.
• Chase Debit Card: Chase may exempt customers with eligible accounts from ATM fees up to a certain number of times a month.
• Wells Fargo Debit Card: Wells Fargo may refund ATM fees up to the maximum amount per transaction for customers with eligible accounts.
• PNC Debit Cards: PNC may refund ATM fees to eligible customers with an average monthly balance of $ 2,500 or more.
• Citibank Debit Cards: Citigold members are eligible for a refund of ATM fees.

Charles Schwab is popular with people who want a refund of ATM fees, but many other banks offer some refund options. Depending on how often you need to use an ATM outside the network, one of these cards is appropriate and will help you save money in the long run.