ATM fees continue to soar
Getting your own money out of the bank now costs almost $5.
According to a report from bankrate.com, the cost of using an out-of-network bank machine is now $4.63, up 55% in 10 years.
This seems like a bogus justification: "With fewer people making out-of-network ATM withdrawals, the cost of maintaining that network is being spread over fewer transactions."
I mean, they're not paying the machines, they just sit there. Sure, someone has to put in the cash every once in awhile but I don't believe that costs are any part of the equation.
Maybe one day we will be a completely cashless society but it won't be because people wanted it that way; it will be because the fees to get our own money are out of control.
