An ATM or Automated Teller Machine is a convenient way to get money using a debit card; however, the fees that banks charge for withdrawing money can become expensive. ATMs frequently charge fees to users who are not account holders of the financial institution for withdrawing or depositing money as well as performing balance inquiries. One of the reasons that banks charge fees is to compensate for the costs associated with owning and operating the machine. Whenever you use your ATM card at a financial institution other than the one that houses your accounts, your bank has to pay the other bank a fee known as interchange, which is between 30 cents and 65 cents. Another reason that banks charge fees to non-account holders is to recoup some of the money they must pay to other banks for interchange. Like other types of businesses, banks and other financial institutions must be profitable in order to remain in business.