ATM fees aren't one of life's necessary evils – they're actually completely avoidable, either by using your own bank's network of ATMs or switching to an everyday account that refunds your ATM fees, regardless of which outlet you use.
Below are RateCity's picks on the best transaction accounts:
Use any ATM in Australia and ING will refund the fees when you deposit your pay of $1000+ each month
Everyday transaction account
Easy transaction account
Data accurate as of 20 March, 2016
Tips to avoid paying ATM fees:
- Find out where the closest ATMs are to your work and home. Many banks feature ATM locations on their websites and banking apps so you can easily locate the right ones.
- If you’re short of cash, consider getting money out at your local supermarket or petrol station. Many supermarkets will let you get money out without making a purchase.
- If you live in a remote area where it’s impossible to access a free ATM easily, try to limit the number of times you withdraw money in a week.
- Use the ATM as a budgeting tool by deciding when in the week you take money out and how much that is. If you find yourself heading towards the cash machine on a Friday night at the pub, it can act as a small reminder that you’ve probably blown your budget for the week.