Feed: Slashdot
Feed Link: https://slashdot.org/
---

Title: ATM Fees Are at a Record High, a New Survey Finds

Link: https://news.slashdot.org/story/25/09/10/2062...

An anonymous reader shares a report: Getting cash from an ATM is growing
increasingly expensive as fees reach record highs. Americans are now paying
an average of $4.86 for out-of-network ATM withdrawals, up 1.9% from $4.77
last year, according to a new survey from Bankrate.com. That's the highest on
record, according to the personal finance website, which starting tracking
ATM fees 27 years ago. "ATM fees are just one of those avenues that the bank
can very freely continue to charge fees," Bankrate financial analyst Stephen
Kates told CBS MoneyWatch. Those costs include charges from both ATM owners
and banks. According to the survey, the average fee from cash machine
providers is $3.22. Banks charge $1.64 on average, up 3.8% from 2024 -- the
highest since 2018. As a result, Americans in certain metro areas could see
average combined fees of more than $5.

Read more of this story at Slashdot.

---
VRSS v2.1.180528