Money Tips 1 You can save time at the bank by using ATMs (Automated Teller Machines) and save money on transaction fees if the ATMs are owned by the bank. Furthermore, if your bank offers an online banking option, you can avoid fees and save time by using a home computer to do your banking. Let's Look At The Facts Banks have ATMs, which allow customers to use a special bank card to conduct certain transactions, even if the bank itself is closed. Some of these banks may charge $1.00 or more for every transaction. Other banks may charge either a much lower transaction fee or no fee at all. Banks that have secure websites that allow online banking sometimes offer free or reduced service charges to their customers who bank online instead of visiting the bank. Let's Discuss Why 1. For what types of transactions might an ATM be used? 2. For what types of transactions might online banking be used instead of an ATM? 3. What are the advantages of dealing with a bank that has ATMs and online banking? 4. Why do you think some banks charge higher transaction fees?