How much is the ATM fee? Latest bank fee comparison in 2024
In recent years, ATM inter-bank cash withdrawal fees have always been the focus of users. With the popularity of mobile payments, the frequency of cash use has declined, but ATM fees are still closely related to daily life. This article will combine the popular discussions on the Internet in the past 10 days, sort out the ATM fee standards of major banks, and analyze the latest trends.
1. Comparison of ATM fees of mainstream banks in 2024
The following are the ATM inter-bank cash withdrawal fee standards of major domestic banks (data as of January 2024):
| Bank name | Inter-bank handling fees in the same city | Cross-regional inter-bank handling fees | No handling fee policy |
|---|---|---|---|
| ICBC | 2 yuan/pen | 0.5% of the transaction amount + 2 yuan (minimum 4 yuan) | Some high-end cards are free of charge |
| China Construction Bank | 2 yuan/pen | 0.5% of the transaction amount + 2 yuan (minimum 4 yuan) | The first 3 transactions per month are free |
| Bank of China | 2 yuan/pen | 0.5% of the transaction amount + 2 yuan (minimum 4 yuan) | Discounts in some areas |
| Agricultural Bank of China | 2 yuan/pen | 0.5% of the transaction amount + 2 yuan (minimum 4 yuan) | Some debit cards are free of charge |
| China Merchants Bank | 2 yuan/pen | 0.5% of the transaction amount (minimum 5 yuan) | Free for gold card and above customers |
| Bank of Communications | 2 yuan/pen | 0.5% of the transaction amount + 2 yuan (minimum 4 yuan) | The first 2 transactions per month are free |
2. Hot topics of discussion among users
1."Hidden Charges" Controversy: Some banks charge proportional fees when withdrawing cash from other places. Users report that the cost of withdrawing large amounts of cash is higher. For example, the handling fee for withdrawing 10,000 yuan can reach 52 yuan (ICBC, China Construction Bank, etc.).
2.Free policy differences: Small and medium-sized banks (such as Ping An Bank and Bohai Bank) generally provide more free times to attract users to switch to regional banks.
3.Mobile payment impact: The "cashless" promotion of Alipay and WeChat Pay has led to a decline in ATM usage, but middle-aged and elderly people still rely on cash transactions.
3. How to reduce handling fees?
1.Choose a bank with no fees: Some Internet banks (such as MYBank and WeBank) still provide free inter-bank cash withdrawal services.
2.Take advantage of free monthly passes: Banks such as China Construction Bank and Bank of Communications provide free quotas for the first 2-3 transactions per month, which can be used to withdraw cash collectively.
3.Upgrade bank card: Gold card and platinum card users usually enjoy reduced handling fees, which is suitable for people with high frequency of cash withdrawals.
4. Forecast of future trends
According to financial industry analysis, ATM fees may be polarized: on the one hand, traditional banks may maintain existing standards; on the other hand, small and medium-sized banks may compete for market share through a "free strategy." In addition, the central bank’s previously proposed policy of “reducing payment fees” is expected to further benefit individual users.
Summary: ATM fees vary greatly depending on the bank and withdrawal scenario. It is recommended that users choose the best solution according to their own needs and pay attention to bank updates to enjoy discounts.
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