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ATM Withdrawal Charges Calculator

Work out atm withdrawal charges instantly with clear inputs, formula shown and shareable results.

About ATM Withdrawal Charges Calculator

Banks allow a set number of free cash withdrawals each month and charge a flat fee plus tax beyond that. Because the fee is per transaction, several small withdrawals cost far more than one larger one.

Formula

ATM charges

Charge = max(0, withdrawals - free) × fee × (1 + tax rate)

Worked example

With the default values below, ATM Withdrawal Charges Calculator returns Total Charge For The Month of $173.46. Change any input above and every figure here is recalculated in your browser.

Inputs used

Withdrawals In The Monthaccepts 1–100
12
Free Withdrawals Allowedaccepts 0–50
5
Charge Per Extra Withdrawalminimum 0
21
Tax On The Chargeaccepts 0–30 %
18 %

Results

Total Charge For The Month
$173.46
Chargeable Withdrawals
7
Tax On The Charge
$26.46
Annual Cost If Repeated
$2,081.52

Step by step

  1. 1Values used
  2. 2ATM charges
  3. 3Total Charge For The Month= 173.46
  4. 4Chargeable Withdrawals= 7
  5. 5Tax On The Charge= 26.46
  6. 6Annual Cost If Repeated= 2,081.52

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

Frequently Asked Questions

Do other banks' machines count differently?

Yes. Free limits are usually lower at other banks' machines and lower again outside your home city.

Do balance enquiries count?

At some banks non-financial transactions count towards the free limit too.

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