ATM Fees Hit Record High
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BOSTON (CBS) - ATM fees have hit a record high for the 11th year in a row.
If you withdraw money from a machine not affiliated with your bank, the average ATM fee is $4.69, according to Bankrate.com.
That's up 55 percent in the last ten years.
There's also another sign it can be expensive to have a checking account.
"The average overdraft fee hits a new high, it's at $33.38," said Bankrate.com's Greg McBride.
McBride recommends getting text alerts from your bank when your account is running low to avoid a bouncing a check.
Bankrate says the Boston area has the second lowest average overdraft fee in the nation at $31.79.
The average out-of-network ATM fee here is $4.50, the ninth lowest in the country, according to Bankrate.
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