Fee statistics on Automated Teller Machines (ATMs) around the world can provide a great insight into the banking industry and its customers. This article will analyze the most current ATM fee statistics and how they have changed over time. We will review key factors that play a role in ATM fees, differences in fees across countries, and any noteworthy developments in ATM fee trends among customers. ATM fees can vary depending on the type of bank account you have and which financial institution operates the ATM. The average fee charged by different types of banks for ATM transactions is usually between $1.50-2.50 per transaction. Many banks also offer free ATM transactions when using their own ATMs. Some banks also have free withdrawal policies for customers who maintain certain balances in their accounts.
Overall, ATM fees tend to be highest when you use an out-of-network ATM, since the financial institution has to pay the other financial institution a fee for the transaction. ATM fees can also depend on the type of ATM, such as a bank-owned versus an independent ATM. Certain banks also charge a fee for using their ATMs if the account owner does not meet certain criteria such as maintaining a minimum balance, or using the ATM a certain number of times each month.