Here's What Happens When You Use Your Debit Card to Get Cash Out of an ATM That Isn't In-Network

Even if you usually keep some cash in your wallet, there will likely come a time when you need to get cash at the last moment. But before using your debit card to get cash, it's a good idea to consider whether you'll pay fees. The ATM near you may not be in-network, so you may have to spend more to access your money. Here's what you need to know about using your debit card to get cash from an out-of-network ATM.

The difference between in-network and out-of-network ATMs

No matter your town or city, you've likely noticed many ATMs nearby. However, you should pay attention to what ATM you choose to use. Some are in-network, and some are out-of-network. Banks have relationships with specific networks. An in-network ATM is one that is part of your bank's network, while an out-of-network ATM is not part of your bank's network. When using one, you may be charged extra fees.

What to expect when you use an ATM that isn't in-network

You'll likely incur fees if you need to get cash at the last minute and use an ATM that isn't part of your bank's network. Unless your bank waives out-of-network ATM fees, your bank will charge you a fee to use the ATM. The ATM owner will likely charge you a fee, too. The extra fees can be costly if you regularly use ATMs that aren't in-network. It's essential to consider this extra cost if you're on a limited budget and are trying to avoid wasting money.

Review bank account fees to avoid surprises

When opening a new bank account, it's essential to pay attention to checking account fees. You want to make sure that you're in the know about how much you might be charged. In addition to out-of-network ATM fees, banks may charge monthly account maintenance fees. Extra fees like this impact your personal finances and eat into your hard-earned money.

Three ways to avoid paying ATM fees

If you make strategic choices, you can avoid ATM fees. Here are three ways to avoid being charged extra costs the next time you get cash:

1. Carry cash with you: If you make it a point to keep cash in your wallet regularly, you won't have to worry about paying unexpected ATM fees. Consider taking out money every few weeks (from an in-network ATM) so you always have cash available when you need it.
2. Use an in-network ATM: You can save money by using an in-network ATM. The easiest solution is to use an ATM with your bank's logo. However, other ATMs in your area may be in-network if they're a partner, despite not being branded by your bank. Check your bank's website for a list of ATMs that are fee-free to use.
3. Choose a bank that reimburses ATM fees: Some bank accounts offer ATM fee reimbursement. With this type of bank account, your bank may refund some or all ATM fees. Review the reimbursement details before opening an account to avoid costly surprises.

It pays to pay attention to fees

Be wary of fees because every bit extra you pay adds up and impacts your wallet. Now you know what to expect the next time you need cash and find yourself near an out-of-network ATM. If you're in the market for a new bank account, our list of the best checking accounts has the information you need to choose one that meets your needs.