Your Money Minute Record High ATM Fees 9/30/25
Sep 30, 2025
High ATM fees are hitting record levels, with cities like Atlanta and Phoenix facing the steepest costs. Some ATMs are charging over $5, but you can dodge those fees by switching banks or finding institutions that reimburse them. Learn the best strategies to protect your wallet while navigating the cash withdrawal landscape!
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Persistent Rise In ATM Fees
- ATM fees have risen to record highs for the third consecutive year, signaling a persistent trend.
- The average out-of-network fee rose to $4.86, nearing five dollars per withdrawal.
ATM Costs Vary By City
- Geographic variation affects how much you pay at ATMs, with some cities charging much more than others.
- Atlanta, Phoenix, and San Diego have the highest ATM fees while Boston, Seattle, and Philadelphia have the lowest.
Switch Banks Or Use Reimbursing Accounts
- Avoid paying repeated ATM fees by switching to banks with larger ATM networks or fee reimbursement policies.
- Many online banks and brokerages now reimburse ATM fees, effectively eliminating out-of-network charges.