Survey: ATM, checking overdraft fees surge

Banks are reaping bigger fees whenever customers overdraw their checking accounts or use ATMs that are not affiliated with their lender, a new survey shows.

According to a survey released today by Bankrate.com, the average fee for using an out-of-network ATM climbed 5 percent during the past year to a new high of $4.35 per transaction.

According to The Associated Press, overdraft fees also rose to an average of $32.74, the 16th-consecutive record high.

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