ATM surcharges hit new high
The average surcharge -- the fee ATM owners charge
nonaccount holders to use their automated teller
machines -- established a new high for the fourth
consecutive survey, jumping from $1.64 to $1.78
in the past year. The trend toward higher fees
is unmistakable, with 43 institutions raising
their surcharge in the past year versus just three
that reduced the fee.
The $2 fee is now the most common,
but the fee stretches higher, with 22 banks charging
more than that. This is up from four banks one
year ago, and includes Bank of America moving
to the $3 threshold. The survey was conducted
as of July 31, and at the time Bank of America
had only instituted the higher surcharge in some
of their markets. With the exception of Chicago,
the $3 surcharge was instituted in the remaining
markets at the end of August.
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2007 Checking Study 
