Americans are paying record amounts to use ATMs from “other banks”

Residents of the United States who withdraw cash through ATMs of foreign networks pay an average of $ 2.9 commissions on each transaction. This data is published in the annual report. Bankrate.

This year the average commission increased by 2 cents. At the same time, analysts interviewed by the publication add that in reality the intermediary bank receives much more commissions. The fact is that an additional $1.67 is paid to the intermediary bank by the bank in which the client stores his money. “The bank's commission increased by 1,8% this year. I expect it to continue to grow,” said Kevin Brunker, a banking analyst in Minneapolis.

Financial experts compare the increase in fees for using someone else's ATM with another popular service - overdraft. When a client pays by debit card or check and does not have sufficient funds in his account, the bank allows him to have a negative balance. But at the same time it requires you to pay a commission, on average, $35. This amount, according to experts surveyed by Bankrate, increased by only 2016% in 0,1.

Commissions generate huge profits for banks. The publication's experts reported that the largest US consumer banks - JPMorgan Chase, Bank of America and Wells Fargo - earned more than $2015 billion in 6 from fees for using other people's ATMs and overdraft facilities.

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