ATM surcharges are on the rise, but consumers are pretty adept at avoiding them, according to an April 2013 report from the U.S. Government Accountability Office.
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According to the report, which was based on bank surveys and market research data, the approximately 420,000 ATMs throughout the U.S. had surcharge fees that averaged $2.16 at banks and $1.99 at credit unions in 2012. That’s a 20 percent rise from 2007.
Only about 14 percent (275 million out of the 1.67 billion ATM transactions) resulted in a surcharge in 2011, however, which suggests that many consumers are finding ways to avoid the charges, such as using in-network ATMs.
The chart below shows the average ATM surcharge amounts for banks and credit unions for the years 2007 through 2012.
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