Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Going to another bank to use their ATM has steadily gotten more expensive over the years. A new survey from Bankrate shows that the cost of using an out-of-network ATM is the highest its ever been since it began tracking fees in 1998.The average ATM fee is now $4.77, which is up from $4.73 a year ago, the survey says.When Bankrate began tracking ATM fees, the average cost was $1.97. A decade later, it was up to $3.43.
See if your bank participates in a nationwide ATM network that can be used free of charge.'RELATED STORY | Bank of America fined $250 million, ordered to repay customersAverage ATM fees can vary by city. They exceed $5 in Atlanta, San Diego, Phoenix, Detroit and Cleveland, Bankrate says.Another common fee banking customers face is overdraft fees. Bankrate says average overdraft fees are slightly higher this year than in 2023. The average overdraft fee in 2024 is $27.08, which is up from $26.
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