Definition
A charge imposed when you withdraw cash from an ATM outside of your bank's network.
What to consider
- Be mindful of fees when you use out-of-network ATMs.
- Explore alternatives like your bank’s ATM or cashback options.
- Keep an eye on your account balance to avoid unexpected charges.
Real world scenarios
- While traveling overseas, Liam was surprised by the extra ATM fee when he withdrew cash from a machine outside his bank’s network.
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