This is an extension of the third fee trap, which is the ATM withdrawal fee. Well, you need to pay for the convenience of withdrawing money round the clock. If you choose to use an ATM owned by your bank, it will cost you a little amount. However, you can withdraw money from another bank’s ATM, but you will pay more. Your bank will charge you for going outside the network, and the bank that owns the ATM will also charge you. Always ensure that your bank of choice has plenty of ATMs in your area to avoid paying a lot for withdrawals.