News

US ATM fees reach record high

A just-released study from Bankrate.com says that ATM fees have increased by 21 percent within the past five years.

October 5, 2015

The average fee for using an out-of-network ATM has risen four percent over the past year to a record $4.52 per transaction, according to Bankrate.com.

Off-us transactions were most expensive in Atlanta ($5.15) and least expensive in San Francisco ($3.85), the study found.

The average overdraft fee also hit a new high ($33.07), and charted a nine percent increase since 2010. Milwaukee has the nation's highest average overdraft fee ($34.79), while San Francisco has the lowest ($30.35).

"The most important thing for consumers to know is that all of these fees are completely avoidable," said Bankrate.com Chief Financial Analyst Greg McBride.

See the full survey