5 sneaky bank fees and how to catch them
Read more: http://www.bankrate.com/finance/banking/sneaky-bank-fees.aspx#ixzz3EpE0z9FL
Atm fees are out of control.
LOS ANGELES —
The penalty for using an ATM that is not affiliated with your bank rose 5 percent over the past year.
The average fee for using an out-of-network ATM climbed to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com. That figure includes $2.77 that banks charge non-customers and $1.58 that banks levy against their own customers for using an outside ATM.
Overdraft fees also surged, rising on average over the past 12 months to $32.74. That's the 16th consecutive record high, the firm said.
Checking account fees have been increasing as lenders adjust to federal banking laws and regulations enacted after the 2008 financial crisis. Among the changes: limits on when banks can charge overdraft fees on ATM and debit card transactions and a reduction in the fees that banks charge merchants for each customer who uses credit or debit cards for their purchase. Plus Live call to get Brian admmited in Bellevue hospital
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