-advertisement -
Exclusive   2007 Checking Study
  STATISTIC: Americans pay nearly $4.4 billion per year in ATM  
  fees. It's no wonder since ATM surcharges continue to climb.  

Fees for using nonbank ATMs holds steady

Fee to use another institution's ATM
It isn't all doom and gloom on the ATM front. The average fee charged by banks when their own customers use another bank's automated teller machine held steady at $1.25. This remains the lowest since 2002.

The trend of the past few years has been to enhance customer satisfaction by providing free or lower-cost access to nonbank ATMs. However, the fee-friendly policies often debut as a feature of certain accounts, rather than a bank-wide policy, though more banks are now instituting it across interest and noninterest accounts.

This doesn't erase the customer's exposure to the ATM surcharge, so it still isn't the equivalent of a free ATM withdrawal unless the bank has a reimbursement policy in place for ATM surcharges.

Average fee to use another institution's ATM
Create a news alert for "checking study" -- Posted: Sept. 26, 2007
<< Previous article | Next article >>

Surcharges for ATM's still going up
ATM surcharges everywhere
The astonsihing yearly cost of ATM fees
Winners and losers: Certificates of deposit
Winner or loser: Mortgage shopper
Winner or loser: Home equity loans

- advertisement -
- advertisement -