Many ATM operators (such as banks) charge a fee for use of their ATM by non-account holders. This fee is in addition to any fees that your bank charges you for ATM transactions. For example, if you have an account at Bank of America, but then use your ATM card to get cash at your local convenience store, you will probably be assessed an “ATM Surcharge” by the owner of the ATM machine at the convenience store (which can be $1.50 or more) as well as an ATM transaction fee by Bank of America. Save money by picking which ATMs to use wisely. Also, consider getting cash back when you use your debit card to make a purchase at the grocery store.
Related Terms: Debit Card