Survey: ATM fees hit highest level in 20 years
ATM penalty fees have hit their highest level in almost 20 years, according to a survey done by the website Bankrate.com. The study found the average out-of-network fee rose to $4.42 per transaction
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Oct 6, 2015, 2:17 AM
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Updated 3,410 days ago
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ATM penalty fees have hit their highest level in almost 20 years, according to a survey done by the website Bankrate.com.
The study found the average out-of-network fee rose to $4.42 per transaction in 2015. ATM surcharges also increased. The average in 2015 reached $2.88. In 1998, the fee was only $0.89.
The study also found the average overdraft fee in 2015 rose to $33.07.
Bankrate.com suggests downloading your bank's smartphone app, which should allow users to locate in-network ATMs or ATMs without fees. The site also suggests going to a convenience store that offers cash back on debit transactions.
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