Infographic: ATM fees on the rise
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.
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.
See related: GAO: ATM surcharges climbing
To use the graphic on your site, use the following code:
<center><a href="http://www.creditcards.com/credit-card-news/infographic-ATM-fees-on-the-rise-1701.php"><img alt="CreditCards.com infographic: ATM fees on the rise" border="0" src="http://www.creditcards.com/credit-card-news/images/infographic-atm-fees-up-lg.jpg" /></a> </center>
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.