The Average ATM Withdrawal Fee is Now 9% Of The Total Amount
To put this into perspective, withdrawing US$100 from such a device would cost about US$9 in fees. The world of finance is undergoing some significant changes, although they are not always positive. Stopping by an out-of-network ATM to withdraw cash is becoming more expensive than ever before. Average fees have reached a new all-time high of US$4.57, a result of ten straight years of increases. Another push to go cashless, or is something else going on behind the scenes? Out-of-network ATMs are not all that uncommon, as only half of all teller machines are operated by banks themselves.....
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