Logo

Study Shows Using ATMs Are Costing You Big Time

Post By RelatedRelated Post

Using automatic teller machines outside of your network costs roughly 20 percent more than several years ago, according to a new study by the U.S. Government Accountability Office.

The average ATM transaction cost $1.75 in 2007, compared to $2.10 last year. Independently-owned ATMs fees ballooned to an average of $2.24, according to the study.

The study says “some independent ATMs may have surcharge fees that are higher or lower than those in GAO’s sample. In contrast, GAO estimates that the foreign fee–the fee assessed by financial institutions for using an ATM outside the institution’s network–generally stayed constant in dollar amount over this period.

“Consumers have many ways to obtain cash without incurring fees, such as using ATMs within their financial institution’s network.”

source.

* Email
  * = Required Field
 
Email Marketing You Can Trust

blacklikemoi

Leave a Comment

Email (will not be published)


*

Human Verification: In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


* Email
  * = Required Field
 
Email Marketing You Can Trust
Get Your Free Copy of the Malcolm In The Morning Ebook
Get It Now