Which Bank Has The Best ATM Rates With No Fees

Most of the cities that people live and work in are awash with ATM machines. The reality, though, is that these machines are often either set on ridiculously high fees or a difficult-to-use interface. At the same time, many people find themselves frequently banked out of their local network for other ATMs who offer much better rates and no fees. Luckily for you though, there is a list of banks in the U.S. that offer the best ATM rates with no fees.

Citibank

If you want to know which bank has the best atm rates with no fees, you should look at Citibank. What makes this bank so special is that they are the only bank in the U.S. that offers free ATM withdrawals overseas, even in places like Ecuador where many banks charge exorbitant fees. The reason for this is because Citibank is truly a global bank as they offer ATM services anywhere in the world and get customers access to free ATMs through their Realizing Network (RND) subsidiary. Essentially, RND cards are paper money units that can be used at any ATM outside of their own network and which also make transactions using a PIN-based system.

Just as long as you have a RND card or account with Citibank, you can use any ATM in over 100 countries around the world and withdraw money at no cost. Needless to say that this makes the bank a favorite among those who travel frequently, but it also means that they have ATMs all around the world.

Citizens Bank

The first thing that people may notice about Citizens Bank is their name as it is not exactly common in the U.S. In fact, this community bank was formed from one of five different banks based on geographic locations namely New England, Florida and three separate banks in central Pennsylvania. Today, Citizens Bank has over 650 branches across 11 states and offers a host of commercial and retail banking services to their host communities.

Meanwhile, consumers that have a checking or savings account with the bank can use any ATM at no cost to them. Given the fact that Citizens Bank also offers some of the lowest fees among banks in general with an average annual percentage yield on its checking accounts, Citzens Bank is definitely a good choice for consumers who wish to find ATMs without being charged.

Wells Fargo

Wells Fargo is the result of a merger between Wells Fargo and the First National Bank of San Francisco in 1998, creating a financial giant that brings together retail, mortgage and commercial banking under one roof. In nearly 140 years, Wells Fargo has grown to become one of the most profitable banks in the U.S., thanks to innovations like online checking accounts and mobile deposit. Today, there are nearly 6,000 branches spread out over 40 states in the U.S. alone as well as 6 million existing customers under its belt.

PNC Bank

PNC Bank is another bank that does not charge any fees for using an ATM that is not part of their network or for international usage and can be used at over 80% of ATMs in the U.S. Moreover, all customers of PNC Bank can access their bank’s ATMs as part of their existing relationship with the bank through PNC SmartAccess programs that give you direct debit connections to over 1,000 popular retail and financial institutions in the United States such as Citibank and Chase.

The only time that you may be charged a fee is if you are using an ATM in a foreign country, of course. In such cases, PNC Bank will charge $1.50 on top of ATM fees that may already apply to your bank account depending on the country you are in. The benefit of having access to the network is that ATMs in the United States will not charge a second fee, which is better than most banks.

Santander Bank

Part of the fourth largest bank in the United States, Santander Bank is a subsidiary of Spain’s Banco Santander. As a result, its business model is very similar to other banks such as PNC Bank or Capital One that do not charge your fees for using an ATM outside their network or for international usage. You will get access to over 800,000 ATMs and 2 million NFC POS terminals around the world across more than 220 countries thanks to this partnership with First Data. The bank also has over 1 million mobile banking users as well as 250 branch locations in the United States.

Charles Schwab – No Fees

Charles Schwab is a leader in the discount brokerage industry and offers high-quality products and services for its clients. The bank was formed by Charles R. Schwab, a stockbroker that worked under E. F. Hutton back in 1971, as his own brokerage firm after he learned that the firm was selling shares to ex-wives of their former clients at a steep discount. Today, Charles Schwab Bank has over 45 retail branches spread over 15 states, 3 million active accounts and more than $1 trillion in assets under management or administration.

Charles Schwab does not charge any fee for ATM usage that is not part of its network and you will have access to over 6,000 ATMs spread across the U.S.. The only limitation that applies is that you are charged a foreign transaction fee if you are using an ATM in a foreign country. However, this is one of the lowest in this industry at just 1% per transaction.

Ally Bank

Ally Bank is one of the largest banks in the United States with over 15 million customers and $140 billion in assets. The bank was formed in 1917 from a merger of the Amalgamated Bank with three other banks and has since expanded to more than 5,000 branches nationwide. The bank also has over 1,300 mobile banking users who benefit from services such as free check deposits and free bill pay. Moreover, Ally has very competitive rates for checking as well as savings accounts in general to keep customers on their platform long term.

Ally Bank gives all of its customers free ATM access, worldwide and there are no fees or monthly maintenance fee or account closing fee. You can use any non-Ally ATM in the world with no charge at all. Moreover, you will get free access to over 50,000 ATMs through the bank’s partnership with PNC Bank. This is one of the best deals in the industry today for a great credit card for travelers abroad.

One thing you can learn from this list is that there are many banks and credit unions that do not charge any fee for using an ATM overseas which is a very good deal for most people traveling abroad who often need to withdraw cash on their way. With this list, you should be able to find a great deal that suits your needs and still allows you to use any ATM in the world without paying any fees.