Bank Charges on Unsuccessful ATM Transactions

Updated on December 28, 2020

Very few customers know that the Bank Charges on Unsuccessful ATM Transactions also – There are some banks which are charging a penalty fee for a failed ATM transaction while withdrawing money from an account with insufficient balance. If your account doesn’t have the sufficient balance, some of the top banks like ICICI Bank, Kotak Mahindra Bank, State Bank of India (SBI), Yes Bank and HDFC Bank etc. charge a fee for a failed ATM transaction due to not enough balance in individual’s account.

It is advised that customers should check the balance of their account before withdrawing money from the ATM of these banks.

Also Read – Canara Bank Cash Deposits Charges Over Rs 50,000

Checking the balance of savings accounts can be done through various ways like – SMS and call facility. Customers should also know the fee banks charge for a failed ATM transaction.

BANKS	FAILED TRANSACTION FEE
State Bank of India	SBI charge a fee of Rs 20 plus GST for transaction decline due to insufficient balance.
HDFC Bank	Transactions declined at other Bank ATMs anywhere in the world or at a Merchant outlet outside India due to insufficient funds will be charged at Rs 25 per transaction (plus taxes as applicable)
ICICI Bank	The decline of the transaction at other bank ATMs or point of sale (POS) due to insufficient balance in the account Rs 25 per transaction.
Kotak Mahindra Bank	Failed ATM transaction fee- Rs 25
YES Bank	The bank charges Rs 25 per instance due to insufficient funds.
Axis Bank	The Axis Bank charges a flat charge of Rs 25 per instance for ATM transactions declined due to insufficient fund at other bank’s domestic ATMs.