5 tips for choosing a community bank

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When you use a large national bank, there's a perception that you'll have a coast-to-coast ATM network.

But choosing a local bank doesn't mean you're going to rack up a small fortune in ATM fees when you go out of network. According to Lewis, a community bank may be part of a pretty big network that gives their customers options locally and away from home. Even better, Lewis reports, some community banks waive fees on out-of-network ATMs, if the total number of transactions is below a monthly threshold.

Still, those details vary with each bank because fees negotiated between banks and ATM networks aren't uniform. So it pays to check with a bank and weigh your needs against their fees.




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