The average ATM fee in America has reached a record high of $4.86, according to a 2025 Bankrate study.
When you use an ATM that’s not in your bank’s network, you can get hit with fees — both from your bank and from the bank that operates the ATM. Those combined fees are at their highest level since Bankrate began tracking them in 1998.
Some banks offer fee-free ATMs, but you have to use specific ATMs to avoid charges.
But other banks have ditched those fees altogether, going so far as to waive or reimburse ATM fees. Maybe it’s time for a bank switch? The following will waive your fees regardless of which ATM you use — many without a dollar limit.
Charles Schwab Bank
Type of bank: Charles Schwab offers a range of services for banking, investments and retirement with both online accounts and brick-and-mortar locations across the U.S.
ATM fee policy: Account holders get unlimited ATM fee rebates for cash withdrawals worldwide.
Fidelity Investments
Type of bank: Fidelity is a financial services firm that provides customers with access to retirement accounts, advisors and cash-management accounts in brick-and-mortar locations and online.
ATM fee policy: Customers have exclusive access to the Fidelity Cash Management Account, which offers unlimited reimbursements on ATM cash withdrawals worldwide.
Axos Bank
Type of bank: Axos Bank is a completely digital bank that launched in 2000 with the aim of freeing members from the “constraints of traditional banking.”
ATM fee policy: Axos has three tiers of checking accounts — and all of them have unlimited domestic ATM fee reimbursements.
Betterment
Type of bank: Betterment technically isn’t a bank. It’s an independent digital financial advisor, offering automated investing accounts and individual retirement accounts. It also happens to offer a checking account, which, like a traditional bank account, is insured by the Federal Deposit Insurance Corp. Betterment partners with NBKC Bank for FDIC insurance.
ATM fee policy: Betterment reimburses its checking account customers for all ATM fees as well as foreign transaction fees worldwide. They don’t even charge overdraft fees, in case you were wondering.
Stearns Bank
Type of bank: Stearns Bank is a brick-and-mortar bank with locations in Minnesota, Arizona and Florida.
ATM fee policy: While Stearns Bank may not have ATMs everywhere, its customers don’t have to stress too hard. The bank will waive all accrued ATM withdrawal and service fees in the U.S.
Gate City Bank
Type of bank: Gate City Bank is a brick-and-mortar bank with branch locations in North Dakota and Minnesota.
ATM fee policy: Account holders have free access to any Gate City Bank ATMs, as well as ATMs operated globally by MoneyPass and Allpoint. Gate City Bank will reimburse up to $250 in ATM fees accrued from out-of-network banks per year.
Banks that reimburse up to $15 per month
These banks don’t reimburse as much as the others, but they can still be worthwhile if you don’t use the ATM more than two or three times a month.
- Ally Bank: Reimburses checking account customers for up to $10 in fees per statement cycle at ATMs nationwide.
- Eastern Bank: Members with eZ Checking accounts are reimbursed with up to $10 per month for out-of-network ATMs, and Premier Checking account members are reimbursed in full for out-of-network ATM fees.
- Navy Federal Credit Union: Reimburses up to $10 in out-of-network ATM fees per statement cycle.
- TIAA: Automatically reimburses up to $15 in fees per month.
- USAA: Automatically reimburses up to $10 per monthly statement cycle.
Just note that these are examples, not an exhaustive list. Before you switch to an ATM-fee-free bank, do a little homework to find out what options are out there.
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