ATM Fees Hit Record High, Overdraft and NSF Fees Decline

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We've been following the crackdown on those so called junk fees from banks. These are those fees they charge on things like account overdrafts and non sufficient funds. Many banks have in fact lowered these fees. The average overdraft fee fell to $26.61. That's down 11% from last year's average of $29.80 and non sufficient fund fees hit an all time low of $19 and 94 cents. The new data shows ATM fees are on the rise. The average fee for using an out of network ATM will set you back $4.73 on average. Experts say some of these fees are hard to avoid but recommend enrolling in direct deposit, maintaining minimum required balances and making larger withdrawals when you do have to use an out of network ATM.