ATM Fees, Banking Prices at All-Time High

Accessing your money has never been more expensive, says one report.

ATM fees and the other charges that financial institutions levy are the highest they’ve ever been, according to the 2012 Checking Survey by Bankrate.

Withdrawing from an out-of-network ATM will set you back an average of $4.07, and various other fees also keep rising by 25 percent or more, according to the financial services company. Now, only 39 percent of banks offer free checking - down from 76 percent in 2009.

The reason behind the rise, according to one analyst cited in the report, is federal legislation that limited the price of overdraft fees that banks can charge.

Bankrate also looked into the cities with the highest ATM fees in the nation. The New York metro area was tied in second with Seattle. Denver was the most expensive.  

To find a nearby bank, check the Patch directory.  

Daniel Patti September 25, 2012 at 11:19 PM
You can thank Sen Chris Dodd and Rep Barney Frank for this.
Veritas vos liberabit September 26, 2012 at 01:09 AM
Why? Because they realize that these people need regulation? Don't you think that it's a good idea to watch the financial crooks?
Les September 26, 2012 at 02:46 AM
Where is the Newtown news?


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