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Finding Low Fee ATMs on Vacation
Lake Forest (July 12, 1999) — On vacation or just traveling... using another bank's ATM can be expensive.
Destinations with highest and lowest fees/ATM surcharges (surcharge plus network fee)
Chance you will be surcharged, cities --
Washington: 100.0%
Chicago: 94.3%
Philadelphia: 81.3%
United States median: 77.9%
Denver: 76.1%
New York: 64.4%
Dallas: 59.8%
Los Angeles: 59.2%
San Francisco: 54.8%:
Boston: 36.2%
What you will pay, states --
Arkansas: $3.05
Virginia: $2.77
Missouri: $2.54
Florida: $2.47
United States median: $2.30
New Jersey: $1.99
Kansas: $1.98
Ohio: $1.95
Iowa: $1.16
Hints to keep ATM costs down while traveling:
- Use a branch of your own bank.
- S&Ls are less likely to have an ATM surcharge
- ATMs in theme parks, gas stations and hotels often have the highest surcharge, avoid these if possible.
- Take out more money so you make fewer trips to the ATM—i.e. take out $100 one time, not $20 five times.
Other information Moebs $ervices provided to the Federal Reserve for the 1999 "Annual Report to the Congress on Retail Fees and Services of Depository Institutions."
Information is available for large vs. small banks, selected states and cities.
- ATM Fees
- How many banks have web sites
- Bank checking charges and fees
- Savings account fees
- NSF/OD fees
- Interest bearing checking accounts
Note: This is the last report to Congress-After 1999 you will no longer have this.
For more information contact:
Michael Moebs, Chairman
Moebs $ervices, Inc.
Lake Bluff, Illinois
800/237-3317 ext. 11
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