Breaking the bank paying ATM fees

AUSTIN (KXAN) — A new report released today finds ATM fees and overdraft fees have reached record highs. says the average fee for using an ATM outside of your bank rose to a record $4.52 per transaction. That is a 21 percent increase over the past five years.

The average overdraft fee has also set a new record at $33.07. The increased fee has risen nine percent since 2010.

ATM and overdraft fees vary for each city. Bankrate also released a list of the cities with the cheapest ATM rates; so it may be time to consider moving to:

  • Kansas City, Missouri ATM fee: $2.55
  • Cincinnati: $2.61
  • Pittsburgh: $2.70
  • Baltimore: $2.75
  • Chicago: $2.75
  • Philadelphia: $2.75
  • St. Louis: $2.75 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

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