Effective immediately, all ATMs at Costco locations in the U. S. (excluding Hawaii) will be ATM surcharge fee-free for Regal Bank Visa debit cardholders worldwide.

Consumers today expect to bank when they want, where they want, and how they want. Many consumers have flocked to online and mobile banking channels, which has led many financial institutions to shrink or rethink their branch footprints. However, as banking increasingly shifts to digital channels, financial institutions realize the importance of maintaining a physical touchpoint with their customers.

ATMs offer extraordinary convenience to cardholders by providing round-the-clock access to cash and account information. Unfortunately, out-of-network ATM surcharge fees are on the rise. The average ATM surcharge fee has more than doubled, from $1.36 in 2001 to $3.02 in 2018, according to Bankrate’s 2018 checking account and ATM fee study.

To help combat rising out-of-network ATM surcharge fees and to provide added value to cardholders, Visa has partnered with CardTronics, the world’s largest deployer of ATMs, to make participating Costco ATMs across the U.S. ATM surcharge fee-free for Regal Bank Visa Debit cardholders; the partnership will expand to more sites later this year.

All Regal Bank Visa Debit cardholders globally have automatic access to this new cardholder benefit.