banking

7 questions to ask before you switch banks

How high are the fees for out-of-network ATMs?
How high are the fees for out-of-network ATMs?

"Most banks and credit unions participate in a network of ATMs, but if you rely often on an ATM for withdrawals, you should check on the fee for using an out-of-network machine," Weinstock says. "Usually there's no fee for using one in your bank's network, but your bank or credit union should disclose the fee it charges for using another network. There's also a fee from the ATM owner, and that will be disclosed on the ATM itself."

Freedman says consumers who travel often may want to open an account with a national bank that offers ATMs around the country.

"ATM fees may be less important to people who don't use them a lot or who choose a bank or credit union with an ATM convenient to their work or home," Freedman says.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

How often to compound interest?

Dear Dr. Don, Is it better to have interest compounded on your money daily, monthly or quarterly? Which gives you the most for your money invested? Thanks, -- Jan Juxtapose Dear Jan, With all else being equal, the more... Read more

advertisement
Partner Center
advertisement

Connect with us