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Out of Network ATM Fees: Take Your Money and Run

April 4, 2016 by rapid! PayCard

It is true that it takes money to make money. Today, it is also true that it takes money to get your money. In third quarter 2014, Business Insider reported that ATM fees were at record highs after the 10th straight year of increases. The average surcharge that banks charge non-customers who use their ATMs climbed 6.5% to $2.77, marking the 10th year in a row of increases for this fee. The average fee banks charge their own customers for going to an outside ATM also rose to a new high of $1.58. That means that, combined, consumers pay an average of $4.35 each time they use an out-of-network ATM…. Read More

Filed Under: rapid! Blog Tagged With: ATM fees, cash access, prepaid debit card

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