When you use an ATM outside your bank's network, your bank pays a fee to the ATM owner.Banks that own ATMs earn revenue from these interchange fees, compensating them for transaction facilitation and machine maintenance..Banks without extensive ATM networks incur costs when their customers use other banks' ATMs, impacting their profitability..These fees are often passed on to customers as foreign ATM fees, encouraging the use of in-network ATMs to avoid extra charges..Banks strategically deploy ATMs to balance the revenue from interchange fees and the costs associated with customers using out-of-network machines..Read More Stories.Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp