However, you might be capped at a maximum amount per month. Some online banks also offer reimbursements for out-of-network ATM charges. You don’t have to scour every ATM to see if it has the correct logo: Online banks typically display nearby in-network ATMs via their websites or mobile apps. Quontic also participates in the Citi ATM Community Network, so you can withdraw cash with no surcharge fee at select Citibank branch ATMs. For example, online-only Quontic Bank offers fee-free access to more than 90,000 ATMs that are part of Allpoint, MoneyPass and SUM.
Instead, most partner with other networks to meet their customers’ cash needs. Online-only banks don’t operate their own ATM networks. (However, your withdrawal options may be limited with savings accounts, which usually don’t offer debit card access.) Online banks typically issue debit cards with checking and money market accounts. If you won’t miss having access to a brick-and-mortar bank, you can use these three options to withdraw cash from an online bank account.
The trade-off is that you won’t have in-person service. It’s part of the reason they can offer better rates: Lower overhead costs translate to more perks for their customers. Though big banks tout their massive networks of branches and owned-and-operated ATMs, online banks don’t have that kind of real estate.
