While cash withdrawals at a customer's own financial institution are free of charge (an exemption is cash advances using credit cards), the use of a 'foreign' institution's ATM typically results in a transaction fee to be paid by the customer.

Question

Quizplus · Accepted Answer

Typically, banks do not charge fees for using their own ATMs, but using an ATM from another bank (a 'foreign' ATM) often incurs a fee.

While Cash Withdrawals at a Customer's Own Financial Institution Are