(KOKI) - ATM fees are rising to new levels as banks cut back on free checking accounts.
Financial research firm Bankrate says ATM surcharges rose four percent; hitting a record high of $2.50.
It's the eighth straight year these fees are up.
The charge for using another bank's ATM rose 11 percent to $1.57.
Bankrate also found less than half of U.S. banks offer free non-interest checking accounts.
Financial analysts say restrictions on overdraft charges and limits on swipe fees from debit cards are the reason for the changes.
WLTZ NBC 38
6140 Buena Vista Rd, Columbus, GA 31907, 706-561-3838
GA News Hotline: 706-507-6397
AL News Hotline: email@example.com