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How checking accounts cost you more

ATM fees on the rise In this year's Checking Survey, ATM surcharges hit an all-time high for the seventh consecutive time. Last year, the average charge was $2.33. This year, it's $2.40. Tip: If you have a smartphone, such as an iPhone or a BlackBerry, try pulling up a banking application before you use another bank's ATM. Many bank smartphone apps can use your phone's GPS functionality to locate in-network ATMs near you. Walking or driving a few blocks may save you the fee charged by the other bank's ATM and the out-of-network fee your own bank will charge, easily amounting to $5 or more.
Reuters Photo / Fred Prouser
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By Bankrate.com

ATM fees on the rise

In this year's Checking Survey, ATM surcharges hit an all-time high for the seventh consecutive time. Last year, the average charge was $2.33. This year, it's $2.40.

Tip: If you have a smartphone, such as an iPhone or a BlackBerry, try pulling up a banking application before you use another bank's ATM. Many bank smartphone apps can use your phone's GPS functionality to locate in-network ATMs near you. Walking or driving a few blocks may save you the fee charged by the other bank's ATM and the out-of-network fee your own bank will charge, easily amounting to $5 or more.