AUSTIN (KXAN) — A new report released today finds ATM fees and overdraft fees have reached record highs.
Bankrate.com 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