Bank and thrift customers are paying record-high fees for three very common products and services, according to the 2015 Checking Survey released by Bankrate Monday. Here's a look what Bankrate, which evaluated 10 banks and thrifts in each of 25 large U.S. markets from July 9 to Aug. 5 this year, found.
1. ATM fees now average almost $5 for some transactions.
According to Bankrate, the average ATM charge for noncustomers is now $2.88 – up by 4% since last year. The average bank fee for using an out-of-network ATM is $1.64, making the total $4.52 for those customers, the study said. The fee has risen 21% over the past five years, Bankrate said.
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