ATM, checking account overdraft fees surge: survey

SHARE ATM, checking account overdraft fees surge: survey

Banks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey shows.

The average fee for using an out-of-network ATM climbed 5 percent over the past year to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com.

Overdraft fees also surged, rising on average over the past 12 months to $32.74. That’s the 16th consecutive record high, the firm said.

Read more at breakingnews.suntimes.com.

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