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Fee to use another institution's ATM
There is good news on the ATM front. The fee charged when an account
holder uses another bank's automated teller machine declined for
the second time in a row and is now the lowest in more than four
years. The average fee dipped from $1.29 to $1.25, with the number
of banks increasing the fee slightly outnumbering those that reduced
the fee, 22-to-19. But six banks actually reduced or eliminated
the fee for a specific account instead of a bankwide policy. In
all but one case, the account in question carries a monthly service
fee of at least $10, so a few lower-cost or free ATM withdrawals
is hardly a bargain.
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Fall 2006: Checking study
