ATM fees reach record high, nearly $5 per transaction
Scripps News · Just In
Scripps News
Just In
ATM fees across the U.S. are climbing, with Atlanta averaging $5.37 per withdrawal. The rise marks a record high, impacting consumers who rely on cash for daily transactions.
Breakdown
- ATM withdrawal fees in the US have reached a record average of $4.86 per transaction. 24s
- Atlanta has the highest average ATM fee at $5.37, while Philadelphia, Seattle, and Boston have the lowest. 1m 6s
- Fees have steadily increased since the 1990s, when the average was under $2. 39s
- Banks usually do not charge their own customers, but out-of-network and non-bank ATMs often add fees. 1m 28s
- Some credit unions, online banks, and brokers reimburse ATM fees, and overdraft fees have slightly decreased. 1m 40s