The number of ATMs has been decreasing in Spain to the same level that bank branches have been reduced, especially in rural areas. In the last nine years they have gone from 61,714 in 2008 to 50,839 in 2017, 10,875 fewer ATMs. Despite this, they are an indispensable part of our day to day and knowing which charges the lowest fees can be fundamental in our savings at the end of the month.
ING ATMs are the cheapest for customers of other entities that use them, to which a commission of 0.5 euros is charged, while on the opposite side are those of Liberbank, with an amount of 2, 5 euros, according to the study of iAhorro.com on the commissions of the cashiers in 2019. Bankinter is in the second position with the most affordable commissions for the withdrawal of cash, between 0.5 euros and 1 euro. The Top 3 of the cheap ATMs is closed by Ibercaja, with commissions ranging from 0.5 euros to a maximum of 1.8 euros, depending on the entity of which the user withdrawing cash is a customer.
Kutxabank and Abanca are placed immediately behind, since both have the same collaboration agreements. Thus, these banks have commissions that range from 0.5 euros to 1.95 euros. By contrast, Liberbank is the bank, of the 16 analyzed by iAhorro, with the most expensive ATMs for its non-customers. The entity of Asturian origin applies a cost of 2.5 euros for each withdrawal of cash. It is followed by Caixabank, Banco Santander, Banco Popular, Openbank and Deutsche Bank, five entities that charge two euros to any customer who is not from their entity and who takes money from one of their ATMs.
In addition to ING, other banks that work through the network and that do not have their own network have found other solutions. In the case of Openbank, it should be noted that it only has one ATM in all of Spain, although its customers can use Banco Santander and Banco Popular without paying commissions. For its part, since Mediolanum does not have its own network, it offers its clients 52 free cash arrangements, from which it would charge two euros, while the rest of users can not withdraw cash from this entity.
Spain, by tradition, had developed a peculiar system of drawing money with cards. The normal thing in the countries around us was that the delivery of cash was free or paying a single commission if it was from a bank other than ours. But in Spain, the payment was made twice, at the time and in our entity. When the card system was developed in Spain, it was made through three banking networks: 4B (so called because it was formed by 4 banks), Servired and Red 6000 (small and medium-sized banks). With this system the cost was established and differentiated. So, if you belonged to that network you could take money for free within your network or at least with a very low cost. On the contrary, if you took money in another network, the cost increased. In 2016, a new regulation came into effect to avoid double charging for cash withdrawal. In this way, the owners of the ATMs are the only ones who charge to withdraw money. The entity that owns the card that has been used for these provisions in cash will decide whether or not this cost is passed on to their client. Some entities have bilateral agreements so that commissions are lower for their clients. Therefore, it is very important to know the agreements of our entity with other banks to know where we can get without any cost or know which ATMs are the ones that charge more commissions.
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