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Bank overdraft, ATM fees both hit record highs

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.

(Story from rochesterfirst.com)