USAA Federal Savings Bank has begun compensating customers for surcharges they incur when using other banks' automated teller machines.

USAA Federal, whose banking largely depends on such "foreign ATMs," said last week that it is rebating other banks' fees on as many as 10 withdrawals per customer per month. The rebates top out at $1.50 per withdrawal.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.