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Automated Teller Machines (ATMs) have made certain banking practices far easier and more convenient for people. ATMs not only dispense money but can also be used for deposits, balance inquiries, and cash advances, to name a few. Due to these conveniences, more and more people use ATMs every year. As a result, more and more ATMs have become available to people. Because of this wide availability, many private individuals have purchase and placed ATMs in high traffic areas. These privately owned ATMs have less features than bank owned ATMs, but they are still heavily used. Depending on the location of these privately owned ATMs, the fee for using the ATM can be as little as $1.00 and as high as $10.00 per transaction. In addition to paying this fee, your bank will usually charge you another ATM fee if you do not use an ATM owned by the bank from which you withdrew the money.

Avoiding ATM fees can be simple. ATM fees are assessed if you use a privately owned ATM that is not owned by your bank. As such, the simplest solution is to avoid using these ATMs. By doing this, you avoid having to pay the fee charged by the ATM owner and the additional fee charged by your bank. This solution is extremely obvious and does not need to be elaborated upon, but there are other ways to avoid ATM fees.

The fee charged by the ATM owner may be impossible to avoid (however, there are some banks that will reimburse you for these fees) if you use the ATM. However, the additional fee charged by your bank can be avoided if you talk to your bank. Many banks are willing to "excuse" this fee or are willing to reimburse you for the same if you are a good client. Keep in mind that this will not always happen and is by no means guaranteed when you talk to your bank. However, it is worth the try if you continuously use privately owned ATMs.

Many places take debit cards and credit cards as an alternative to cash. As such, you may not have to use an ATM to withdraw cash in order to pay whatever bill it is you are going to pay. Additionally, if you know that you are going to need cash you should plan your schedule to include a stop by your local bank branch.

It does not matter which method you use to avoid ATM fees because each are equally effective. If you do not mind paying a small fee for the convenience that an ATM offers, than avoiding the same may not be a big deal. As such, do what you can to avoid ATM fees unless you do not care about paying for the convenience.

Learn more about this author, Marco Angioni II.
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