In February 2000, Bankrate.com
surveyed checking account, ATM and online pricing at 353 institutions.
The institutions consist of the largest banks and thrifts, in terms
of deposits, in each of the 35 largest markets. This study is conducted
and updated every six months.
ATM Fees: Comparative information
Point-of-Sale Fee The fee an institution charges its account holders to
use an ATM card at a point-of-sale location, such as a grocery
store or gas station.
40 percent of institutions surveyed
in 1994 charged
24 percent of institutions surveyed in February
1999 charged
16 percent of institutions surveyed in
February 2000 charged
Fee for using another bank's ATM
The fee an institution charges its account holders to use
another institution's ATM.
1993 average = $.86
1994 average = $1.01
February 1999 average = $1.31
February 2000 average = $1.35
88 percent of institutions offering ATM cards charged in
1999
90 percent of institutions offering ATM cards charged
in February 2000
ATM surcharges
The fee an institution charges non-account holders for the
use of its ATM.
Debuted in 1989
83 percent of institutions charge
February 2000 average = $1.41
Surcharges range from $.75 to $3
$1.50 is the most common amount
Debit cards Card that can be used at a merchant point-of-sale terminal
for purchases. The funds are immediately transferred from
the customer's account to the merchant's account. Also known
as a check card.
First surveyed in October 1999
88 percent of institutions offer debit
cards.
91 percent charge the same fees for debit
cards and ATM cards.
Source: Checking Account Pricing
Study in 2000 and previous studies by Bankrate.com (sm)
