Can I Use an ATM at a Different Bank?

Using an Automated Teller Machine (ATM) that belongs to a different bank than your own is possible. While convenient, these transactions involve specific considerations regarding costs and available services. Understanding how these systems operate can help manage financial transactions.

Understanding ATM Networks and Fees

The ability to use an ATM from a different financial institution stems from ATM networks connecting various banks and credit unions. Major networks like Plus, Cirrus, Allpoint, MoneyPass, CO-OP Network, Accel, and PULSE facilitate cross-bank transactions. Your debit card displays logos of its networks, indicating compatibility with ATMs displaying the same logos. This interconnectedness allows for widespread access to cash, even when your own bank’s ATM is not nearby.

When using an ATM outside your bank’s network, two types of fees typically apply. An ATM owner fee, or surcharge, is imposed by the machine’s owner and averages around $3.19. This fee is usually displayed on the ATM screen or machine. A foreign ATM fee levied by your own bank averages about $1.58. The total average cost for an out-of-network ATM withdrawal is approximately $4.77.

Some financial institutions participate in surcharge-free networks like Allpoint, MoneyPass, or the CO-OP Network. These partnerships allow customers to use many ATMs without incurring the owner’s surcharge. Verify if your bank is part of such a network to avoid these charges. Some banks may also offer to reimburse a limited number of out-of-network ATM fees each month.

Types of Transactions and Limits

While using an ATM from a different bank offers convenience, the range of available transactions is limited compared to using an ATM owned by your own bank. Common transactions at out-of-network ATMs include cash withdrawals and balance inquiries. These basic services ensure you can access funds and check your account status when away from your primary bank.

Certain transactions are not possible or are restricted at ATMs not affiliated with your bank. Cash or check deposits, for instance, are not accepted at these machines. While some specific networks or ATMs, such as Allpoint+ or certain CO-OP Network ATMs, may offer deposit functionality, this is not a universal feature and requires your bank to be a participating member. Other complex banking operations, such as making loan payments, transferring funds between accounts, or performing detailed account maintenance, are also unavailable at third-party ATMs.

Withdrawal limits at ATMs are set by your own bank for security and liquidity management. These daily limits vary, ranging from $300 to over $1,000, and sometimes as high as $5,000 for premium accounts. The ATM owner may also impose a separate per-transaction withdrawal limit, meaning you may need to perform multiple transactions to reach your bank’s daily limit. Account type and customer banking history influence these limits, with basic or student accounts having lower thresholds.

Locating Compatible ATMs

Finding a compatible ATM that works with your card can be simplified using several resources. Many banks and credit unions provide ATM locators on their mobile applications and websites. These tools allow you to search for nearby ATMs within their network or those of their partners, highlighting surcharge-free options. Utilizing these digital resources before needing cash can prevent unexpected fees.

Beyond individual bank resources, dedicated ATM network locators are available online and through mobile apps for major networks like Allpoint, MoneyPass, CO-OP Network, Plus, Cirrus, and PULSE. These locators are useful as they cover many financial institutions that share ATM access. Before initiating a transaction, visually confirm that the network logos displayed on your debit card match those present on the ATM itself. This simple check helps ensure compatibility and confirms whether the ATM is part of a surcharge-free network.