Sep 18, 2022
Checking Accounts

Question of the Day: What is the average fee to take money out of a non-network ATM?

ATM fees are trending downward, but there are still ways to avoid them... 

Answer: $1.77


  • Did you know that there is a charge for taking cash out of an out-of-network ATM? Do you think most people who use ATMs that are out-of-network are aware of this charge?
  • Why do you think there is a charge to use an ATM that is out-of-network?
  • What are some strategies you can use to avoid out-of-network ATM fees?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.


Behind the numbers (Forbes):

"Out-of-network ATM fees are those that your financial institution charges for using an ATM that’s outside of its network. The easiest way to avoid this fee is to use your bank’s ATM network to withdraw money. But you can also find workarounds, like using the cash back option when paying with your debit card at retailers. And don’t forget about using payment apps, like Venmo or PayPal, to transfer cash, which can often be more convenient.

The rules for out-of-network ATM fees vary a bit by the institution. [Some] institutions reimburse a certain amount per month for out-of-network ATM fees, refunding those charges so long as you stay within the monthly allowance. [Some] institutions simply don’t charge the fee."



Be sure to check out the online Bank Simulator to help your students manage a bank account in the digital age. 


For more resources focused on checking accounts, go to the NGPF Checking Unit page




About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.

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