Cash machines now cost more than ever to use

ATM fees have hit a new high, according to a Bankrate study released yesterday, with it costing the average American $4.77 to withdraw money from an out-of-network cash machine — $3.19 of which comes from the surcharge charged by ATM owner, on top of a $1.58 fee that’s kindly doled out by your own bank for using a non-network machine.

This marks the 4th consecutive year that ATM fees have risen, with the overall decades-long trend largely driven by the hikes in surcharges incurred to non-bank cardholders by ATM owners.

See the full article here.