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6 Banks With No ATM Fees

Review Updated
Ryan Wilcox
Author: Ryan Wilcox
Ryan Wilcox
Ryan Wilcox

Ryan is a full-time personal finance writer at Motley Fool Money. He’s been covering topics like credit cards and savings since 2022, when he began his writing career at The Points Guy. He later joined Motley Fool Money, where he continues helping people who are new to the world of personal finance. Outside of work, you’ll find Ryan watching movies, listening to music, or obsessively updating his Letterboxd account.

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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

ATM fees can eat away at your account balance, especially if you're regularly using out-of-network machines. And personally, I'm not a fan of spending my hard-earned money on unnecessary fees.

The good news is that a handful of banks either avoid these fees altogether or offer generous reimbursements. Here are six banks that make it easy -- and affordable -- to access your cash anywhere.

Why ATM fees matter

Most banks charge you for using ATMs they don't own. The ATM owner might even charge you a fee as well.

Those charges add up fast, especially if you deal a lot in cash, travel often, or live in an area with limited ATM options. Choosing a bank that waives or reimburses these fees can save you substantial amounts of money each year.

Banks with no ATM fees

Capital One

Ratings Methodology
Rates as of May 20, 2025

Capital One 360 Checking

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Member FDIC.
Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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APY
0.10%
Min. To Earn APY
$0
  • Branches and Capital One Cafes in some states
  • Variety of accounts
  • Robust digital platform and app
  • Great customer service
  • Higher APY available at other financial institutions

Capital One boasts a top-rated mobile app and has over 70,000 fee-free Capital One, MoneyPass, and Allpoint ATM locations. For those looking for face-to-face interaction, Capital One has over 450 locations and 50 Capital One Cafes, where customers can bank, get a cup of coffee, and ask for advice from a certified money coach. However the APY is lower than other online banks.

Capital One gives you access to over 70,000 fee-free ATMs through the Capital One, Allpoint, and MoneyPass® networks. You also won't be charged out-of-network ATM fees or foreign transaction fees when you use your debit card internationally, though you will be charged domestically.

Note that the perks above are for Capital One 360 Checking and Capital One MONEY Teen Checking Account members only; other accounts will be charged with a fee.

LendingClub

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Rates as of May 20, 2025

LendingClub Rewards Checking

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Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
up to 0.10% Rate info Circle with letter I in it. Balances of $0 to $2,499.99 earn 0% APY, balances of $2,500 to $99,999.99 earn 0.10% APY, and balances of $100,000 and greater earn 0.10% APY.
Min. To Earn APY
$2,500
  • Unlimited cash back on debit card purchases
  • Unlimited ATM fee reimbursements worldwide
  • Get your paycheck up to two days early
  • No monthly maintenance or overdraft fees
  • Low balances won't earn interest
  • Most customers won't qualify for the highest APY
  • Higher APY available at other financial institutions
  • Must have at least $2,500 to earn cash back rewards

LendingClub doesn't charge a fee for using any non-network ATM in the world, and it also offers unlimited reimbursements for all ATM fees charged by other banks.

It's a great pick if you regularly use out-of-network ATMs, though you will still be charged a foreign transaction fee overseas.

Charles Schwab Bank

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Rates as of May 20, 2025

Schwab Bank Investor Checking™

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Member FDIC.
Rating image, 4.75 out of 5 stars.
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Rating image, 4.75 out of 5 stars.
4.75/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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= Poor
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APY
0.05%
Min. To Earn APY
$0.01
  • Earns interest
  • No foreign transaction fees
  • No monthly maintenance fees
  • Unlimited ATM fee reimbursements worldwide
  • Great customer service
  • Free linked investment account with checking account
  • Requires a linked brokerage account
  • No cash deposits

The Schwab Bank Investor Checking™ account pays interest and has no monthly fees. It's also a favorite among travelers, as it reimburses all domestic and international ATM fees and doesn't charge foreign transaction fees.

The Schwab Bank Investor Checking™ offers free access to 100% of ATM fees worldwide, and provides unlimited rebates for fees charged by ATM owners. You also won't pay any foreign transaction fees, making it a fantastic option for frequent travelers.

Keep in mind, though, that Charles Schwab doesn't accept cash deposits, and your checking account has to be linked to a Schwab One brokerage account to qualify.

Alliant

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Rates as of May 20, 2025

Alliant High-Rate Checking

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Rating image, 4.50 out of 5 stars.
4.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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APY
0.25%
Min. To Earn APY
$1
  • No monthly fees or overdraft fees
  • No monthly minimum balance requirements
  • Network of 80,000 ATMs
  • Reimburses up to $20 ATM fees
  • No monthly fees, overdraft fees, and no monthly minimum balance requirements
  • No physical branches
  • Higher APY available at other financial institutions
  • Need to meet certain requirements to receive the dividend

Alliant is an online-only credit union based out of Chicago; however, anyone can qualify for membership. There is no monthly maintenance fee, no overdraft fees, and no monthly minimum balance requirement. To qualify for the high-yield account, you only need to meet two monthly requirements. It's not a bank, so it's not a member of the FDIC, but Alliant accounts are federally insured through the National Credit Union Administration.

Alliant Credit Union gives you unlimited free access to more than 80,000 ATMs, and also reimburses up to $20 a month for out-of-network ATM fees.

With Alliant, you can deposit cash at some (but not all) in-network ATMs. There's also a 1% foreign transaction fee, meaning this account isn't best for frequent travelers.

E*TRADE

Ratings Methodology
Rates as of May 20, 2025

E*TRADE Max-Rate Checking

Open Account for E*TRADE Max-Rate Checking

On E*TRADE's Secure Website.

Member FDIC.
Rating image, 4.25 out of 5 stars.
4.25/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 4.25 out of 5 stars.
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Open Account for E*TRADE Max-Rate Checking

On E*TRADE's Secure Website.

APY
3.00%
Min. To Earn APY
$0.01
  • High APY
  • ATM refunds worldwide
  • High monthly fee
  • No branch access

For those who want to earn more interest on their checking account balance, E*TRADE Max-Rate Checking offers one of the highest APYs we've found. You'll need to keep an average monthly balance of $5,000 to waive the $15 fee, but you'll get fee reimbursements for ATMs worldwide.

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The E*TRADE Max-Rate Checking account offers free withdrawals, ATM refunds and foreign transaction refunds for every machine in the world. Its free checking account, meanwhile, offers ATM refunds nationwide (not worldwide) and charges a 1% foreign transaction fee.

Either account is a solid pick for those who prefer digital banking and only need occasional ATM use.

EverBank

Ratings Methodology
Rates as of May 20, 2025

EverBank Performance℠ Checking

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Member FDIC.
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Read Review
APY
0.25%
Min. To Earn APY
$0
  • Earns APY
  • Monthly ATM fee reimbursements
  • Purchase protections for debit cards
  • Higher APY available at other financial institutions

The EverBank Performance℠ Checking is a great fit for those who want no monthly fees. While those with larger balances will benefit the most from this account, just about everyone will appreciate the rare debit card protections and ATM fee reimbursements many other online checking accounts skip.

Lastly, the EverBank Performance℠ Checking and EverBank Performance℠ Money Market Account provide free access to more than 80,000 ATMs.

They also reimburse up to $15 per month in out-of-network fees and come with no monthly fees of their own. If your account has an average daily balance of at least $5,000, you'll have an unlimited number of ATM fee reimbursements.

Keep in mind, though, that for deposits made at an ATM not owned by EverBank, you won't see your money until five to eight days later. So if you need quick access to cash, EverBank isn't the best choice.

How I chose which accounts to feature here

In researching this article, I looked for popular banks that offer nationwide or global ATM access with low or no fees. I also prioritized banks that reimburse third-party ATM fees -- something most traditional banks don't offer.

All accounts listed here are FDIC or NCUA insured, and many offer added perks like cash back, no foreign transaction fees, and competitive interest.

FAQs

  • In 2024, the average total cost of an out-of-network ATM withdrawal was more than $4, according to Bankrate. That includes fees from both your bank and the ATM operator.

  • Yes, in most cases. Banks like Charles Schwab and LendingClub automatically reimburse you, while others like EverBank and E*TRADE apply the credit at the end of the statement cycle.

  • Some do. Alliant, for example, offers up to $20 per month in out-of-network ATM fee rebates.

  • Charles Schwab Bank reimburses all ATM fees worldwide and doesn't charge foreign transaction fees, making it a strong option for international travelers.