ATM Fee Comparison: Why Holdings is the Best Choice for Small Businesses
Introduction
ATM fees can be a hidden drain on small businesses, especially when using out-of-network ATMs. Traditional banks often pass these fees directly to customers, charging $2–$5 per withdrawal in addition to surcharges imposed by ATM operators. Holdings takes a radically different approach: not only do end-customers enjoy fee-free access to over 55,000 Allpoint ATMs globally, but Holdings also absorbs the fees for withdrawals at non-Allpoint ATMs, ensuring a truly frictionless banking experience. This article explores ATM fee structures and highlights why Holdings is the superior choice for small businesses.
Company Backgrounds
Holdings
Holdings is a neobank built for small businesses, offering fee-free banking with integrated financial tools like accounting software, invoicing systems, and bill pay functionality. Through its partnership with Allpoint, Holdings provides surcharge-free access to one of the largest ATM networks globally. Additionally, Holdings absorbs fees for non-Allpoint ATM transactions, ensuring customers never pay out-of-pocket for cash withdrawals.
Traditional Banks
Banks like Chase, Wells Fargo, and Bank of America charge significant fees for out-of-network ATM usage. Customers typically pay $2–$5 per withdrawal plus any surcharges imposed by ATM operators. While some banks offer limited fee reimbursements for premium accounts, these options often come with high monthly maintenance fees or balance requirements.
Key Differences Table
Feature | Holdings | Traditional Banks |
|---|---|---|
ATM Withdrawal Fees (In-Network) | $0 | $0 |
ATM Withdrawal Fees (Out-of-Network) | $0 (Holdings absorbs fees) | $2–$5 per transaction |
Cash Deposit Fees | $0 (Allpoint+ ATMs only) | Up to $4 per deposit |
Non-Financial Transaction Fees | $0 | $1–$3 per inquiry or PIN change |
International ATM Fees | $0 (Allpoint ATMs in UK, Mexico, Canada, Australia) | 1%–3% of transaction amount |
ATM Network Size | 55,000+ ATMs globally | Smaller networks |
Detailed Feature Comparison
ATM Withdrawals (In-Network)
Holdings offers unlimited free withdrawals at over 55,000 Allpoint ATMs worldwide. These include ~41,000 standard ATMs in the U.S., ~1,400 Allpoint+ ATMs for cash deposits, and ~14,000 international locations in countries like the UK, Mexico, Canada, and Australia.
Traditional banks provide free withdrawals only at their own limited network of ATMs or partner networks.
ATM Withdrawals (Out-of-Network)
Holdings absorbs all fees for withdrawals at non-Allpoint ATMs within Visa, Plus, Interlink, or Accel networks in the U.S. This ensures end-customers never pay out-of-pocket for cash withdrawals—even at terminals that would typically impose surcharges of $2–$5 per transaction.
Traditional banks pass these fees directly to customers unless they have premium accounts that reimburse limited transactions.
Cash Deposits
Holdings enables fee-free cash deposits at ~1,400 Allpoint+ ATMs in the U.S., with a limit of $1,000 per transaction and daily limits set at the account level. Deposits are restricted to U.S. dollars only and do not accept checks or envelopes.
Traditional banks may charge up to $4 per deposit at their ATMs or require branch visits for larger deposits.
Non-Financial Transactions
Holdings allows customers to perform non-financial transactions like balance inquiries or PIN changes at Allpoint ATMs without incurring fees.
Traditional banks often impose fees ranging from $1–$3 for these actions when performed at out-of-network ATMs.
International Transactions
Holdings eliminates international ATM fees through Allpoint’s global network of surcharge-free ATMs in locations like the UK, Mexico, Canada, and Australia.
Traditional banks typically impose a 1%–3% fee on international withdrawals in addition to currency conversion markups.
Pricing Comparison
Holdings
In-Network ATM Withdrawal Fee: $0 (via Allpoint).
Out-of-Network ATM Withdrawal Fee: $0 (Holdings absorbs all fees).
Cash Deposit Fee: $0 (via Allpoint+).
Non-Financial Transaction Fee: $0 at Allpoint ATMs.
International ATM Fee: $0 via Allpoint’s global network.
Traditional Banks
In-Network ATM Withdrawal Fee: $0 (limited network).
Out-of-Network ATM Withdrawal Fee: $2–$5 per transaction plus surcharges.
Cash Deposit Fee: Up to $4 per deposit at ATMs or branches.
Non-Financial Transaction Fee: $1–$3 per inquiry or PIN change at out-of-network ATMs.
International ATM Fee: 1%–3% of the transaction amount.
Ideal Customer Profiles
Holdings
Small business owners who frequently withdraw or deposit cash and want access to a large fee-free ATM network domestically and internationally.
Entrepreneurs seeking cost-effective banking solutions that eliminate hidden fees—even when using non-Allpoint ATMs.
Traditional Banks
Customers who primarily use in-network ATMs or rarely need cash deposits but are willing to pay occasional fees for convenience.
Conclusion: Why Holdings is the Better Choice
Holdings redefines business banking by eliminating ATM withdrawal and cash deposit fees entirely—whether customers use Allpoint’s surcharge-free network or non-Allpoint ATMs where Holdings absorbs all associated costs. Combined with its integrated accounting software, invoicing systems, and bill pay functionality, Holdings provides unmatched value for small businesses seeking convenience and cost savings.
For entrepreneurs looking to simplify financial management while avoiding unnecessary costs across all types of ATM transactions, Holdings is the clear winner. Visit GetHoldings.com today to learn more!