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.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
