Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingATM fees have climbed to an all-time high of $4.73 per transaction for consumers seeking to have cash on hand. Bankrate.com Chief Financial Analyst Greg McBride joins Yahoo Finance Live to discuss Bankrate's latest survey on consumers' ATM usage and what is driving fees higher.
"With less use for cash, with people making fewer ATM withdrawals, the cost of maintaining those networks is being spread over fewer transactions, McBride says. "That's really been a big contributor to the steady escalation in fees we've seen over the years." McBride also discusses the best ways to save when withdrawing, alternate to ATM fees, and the outlook for transaction fees going forward. "If you're in a pinch...
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