The average ATM fee is a record-high $4.52


Next time you accidentally frequent a cash-only bar, you better think twice about settling for the nearest ATM. The average fee for using an out-of-network ATM is now a record-high $4.52, according to a Bankrate survey released Monday. If you live in a city like New York or Atlanta, average fees top $5, and you might wind up forking over as much as $8 in some cases.
The new average is a 21 percent spike from five years ago, The Wall Street Journal reports, chalking it up to a combination of pressure on banks to lower other fees and a sizable decrease in ATM withdrawal popularity.
U.S. banks don't disclose how much they earn in non-customer ATM fees, but overall, they've collectively brought in less money from all fees in recent years.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
San Francisco boasts some of the lowest ATM fees out of the cities surveyed — $3.85 on average — but when you weigh that against the city's exorbitant housing market, it's a safe bet you're better off staying put.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Julie Kliegman is a freelance writer based in New York. Her work has appeared in BuzzFeed, Vox, Mental Floss, Paste, the Tampa Bay Times and PolitiFact. Her cats can do somersaults.
-
5 darkly funny cartoons about Israel blocking aid to Gaza
Cartoons Artists take on forcing famine, avoiding aid, and more
-
The easy elegance of Cap Ferret
The Week Recommends 'Elemental and otherworldly' destination is loved for its natural beauty
-
Volodymyr Zelenskyy: flirting with authoritarianism?
Talking Point Ukraine's president is facing first major domestic unrest since the Russian invasion, over plans to water down the country's anti-corruption agencies
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement