I hate ATM Fees. I mean, I understandy why a machine charges the fee. The owner of the machine and the service wouldn't make a dime if they didn't dink you every time you took out 20 bucks.
It just seems that I'm nowhere near one of my bank's ATMs when I really need one so I wind up coughing up around two to four dollars just to pull out twenty; and the fees can add up.
According to Bankrate banks now charge an average of $2.40 for non-customers to use their ATMs, which is a record high for ATM fees. That's a 3% increase from last year, when the $2.33 average fee was a record high. In fact, ATM fees have hit a record high each of the last seven years.
Ten years ago, the average fee was more than a dollar lower, at $1.36.
A woman in McKees Rocks, Pennsylvania gave new meaning to the phrase "sticky fingers" last week after she attempted to withdraw funds from an ATM.
But instead of a pocket full of cash, she wound up with her hand stuck inside the machine.
A software glitch that impacted all Commonwealth Bank ATMs in Sydney, Australia yesterday allowed customers to withdraw thousands of dollars, even if they had no more than a buck in their accounts.
News of the "free money" quickly traveled throughout social media, and there were soon large crowds around Commonwealth ATMs throughout the city...