ATM Fees Hit Record Highs

Cashing out your money costs more than ever, with ATM fees hitting an all-time high, according to a new survey from Bankrate.

An older woman uses an ATM Machine.
(Image credit: Getty Images)

Using an ATM that doesn’t belong to your bank costs more than ever, but other bank fees are taking a nosedive, according to the latest research.

Your bank’s ATM isn’t always the most accessible or convenient option when grabbing cash on the go. However, out-of-network ATMs typically come with pesky fees attached to your transaction. ATM fees are comprised of two parts — a surcharge from the ATM owner and a fee from your own bank. According to a new study, those fees just got higher.  

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Seychelle Thomas
Contributing Writer

Seychelle is a seasoned financial professional turned personal finance writer. She’s passionate about empowering people to make smart financial decisions by combining 10 years of finance industry experience with solid research and a wealth of knowledge. Seychelle is also a Nav-certified credit and lending expert who has explored money topics such as debt consolidation, budgeting, credit, and lending in her work for publications including GOBankingRates, LendEDU, and Credible. 

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