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Bankrate.com has released its latest checking account study, which finds ATM fees at an all-time high for the 11th year in a row.

 

According to a press release, the average total cost of an out-of-network ATM withdrawal is now $4.69, up 2.6 percent from $4.57 last year. Over the past decade, ATM fees have charted an increase of 55 percent, Bankrate.com found.

The average ATM surcharge hit a new record for the 13th year in a row, rising to $2.97 from $2.90 last year. The average out-of-network fee charged by a consumer's home bank increased 3 percent to $1.72, also a new high.

Of 25 major metro areas, Pittsburgh had the highest average out-of-network ATM fee, at $5.19), while Dallas had the lowest, at $4.07.

Cities with the highest and lowest average fees were as follows:

 

Cities with highest average
out-of-network fees

 

Cities with lowest average out-of-network fees

1. Pittsburgh

$5.19

 

21. Cincinnati

$4.30

2. New York

$5.14

 

22. Seattle

$4.29

3. Washington, D.C.

$5.11 (tie)

 

23. San Francisco

$4.23

3. Cleveland

$5.11 (tie)

 

24. Milwaukee

$4.19

5. Atlanta

$5.05

 

25. Dallas

$4.07


The survey group consisted of a total of 10 banks and thrifts in each of 25 large U.S. markets; the survey was conducted between July 27 and Aug. 18....

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