What happens when you withdraw cash using a debit card from an out-of-network ATM nearby?
Withdrawing Cash Using a Debit Card in Out-Of-Network ATM Nearby May Charged Extra Fees
If you need to withdraw some cash using your debit card and the ATM nearby is out-of-network, you might expect to be charged extra fees as out-of-network ATMs are not part of your bank’s network and will require you to pay fees for accessing money.
There were some instances where an ATM nearby was always out-of-network, and if you were using them regularly, the extra fees you would pay would be costly, especially when you are still a student or still looking for a stable job.
The extra fees you’ll be charged when withdrawing from an out-of-network ATM nearby may be small, but it will be too much if you are on a limited budget and trying to save money, eventually affecting your finances and budget every day.
How to Avoid Paying Extra Charges from an Out-Of-Network ATM Nearby When Withdrawing Cash Using a Debit Card
According to The Ascent, there are ways to avoid paying extra charges in an out-of-network ATM nearby when withdrawing cash using your debit card next time.
You should start by carrying cash in your wallet daily, especially when you are out of town, to avoid worrying about finding an in-network ATM nearby. You can also ensure that there is an in-network ATM nearby by checking the list of ATMs on your bank’s official website online to avoid paying extra fees.