Study: South Florida has nation’s fourth-highest highest ATM fees

An ATM. Wichita Eagle/MCT

Think twice before you use that ATM.

South Florida has the fourth-highest out-of-network ATM fees in the nation, according to a study released Monday by personal finance website Bankrate.

The average fee for an out-of-network transaction in Miami-Dade, Broward and Palm Beach counties was $4.84 over the past year, Bankrate found. That number combines both the fee charged by the ATM operator and the fee charged by the consumer’s own financial institution.

Only Phoenix ($4.88), New York ($5.03) and Atlanta ($5.15), were pricier among major metro areas. San Francisco ($3.85), Cincinnati ($3.86), Kansas City ($4.01), Dallas ($4.11) and Seattle ($4.21) offer the best deals for cost-conscious consumers.

Nationwide, the fee for out-of-network transactions rose to an average of $4.52 in 2015, up four percent over the last year.

“The most important thing for consumers to know is that all of these fees are completely avoidable,” Greg McBride,’s chief financial analyst, said in a statement. “Shop around for a bank or credit union that fits your lifestyle so that you can keep more of your hard-earned cash.”