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Denver ATM fees highest in U.S.
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Denver ATM fees highest in U.S.

A Higher One ATM sits in the lobby of the Community College of Denver's Welcome Center on the Auraria Campus, Tuesday, October 5, 2010. Community college students across the state are being pitched a debit MasterCard that promises faster financial aid and tuition refunds but comes with steep hidden fees to access the cash. Some students say they felt pressured into activating the debit card and its accompanying bank account that was mailed to them because it appeared to be the only way to obtain their loans, grants or other necessary college funding, according to interviews. The mailers tout the new system Ð ÒUnlock the possibilitiesÉÓ it trumpets Ð and provide a ready-to-use card, but make no reference to alternative methods of acquiring the refunds, such as waiting for a check to be mailed automatically. Once activated, students complained that some of their financial aid Ð up to 3 percent of the total in some cases Ð was sucked up by bank fees if they tried to access the money in any way other than at the single ATM located on their college campus. Wednesday, October 6. Judy DeHaas, The Denver Post.
A Higher One ATM sits in the lobby of the Community College of Denver’s Welcome Center on the Auraria Campus, Tuesday, October 5, 2010. Community college students across the state are being pitched a debit MasterCard that promises faster financial aid and tuition refunds but comes with steep hidden fees to access the cash. Some students say they felt pressured into activating the debit card and its accompanying bank account that was mailed to them because it appeared to be the only way to obtain their loans, grants or other necessary college funding, according to interviews. The mailers tout the new system Ð ÒUnlock the possibilitiesÉÓ it trumpets Ð and provide a ready-to-use card, but make no reference to alternative methods of acquiring the refunds, such as waiting for a check to be mailed automatically. Once activated, students complained that some of their financial aid Ð up to 3 percent of the total in some cases Ð was sucked up by bank fees if they tried to access the money in any way other than at the single ATM located on their college campus. Wednesday, October 6. Judy DeHaas, The Denver Post.
DENVER, CO. - JULY 17: Denver Post's Steve Raabe on Wednesday July 17, 2013. (Photo By Cyrus McCrimmon/The Denver Post)
By | The Denver Post
PUBLISHED: | UPDATED:
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Denver has the nation’s highest ATM fees and the second-highest overdraft charges, according to a report released Monday by .

Denver’s average automated-teller-machine fee of $4.70 topped No. 2 Milwaukee ($4.59) and third-place Atlanta ($4.45). Those fees reflect charges by the ATM operator, as well as those charged by the consumer’s financial institution.

For overdraft charges, Denver and Atlanta were tied in second place with average costs of $34.10, behind Milwaukee at $34.16.

The report also showed that nationally, 38 percent of banks offer free noninterest checking accounts to all customers, down from 76 percent in 2009.

“While free checking isn’t as common as it was just a few years ago, the decline slowed to a trickle this year,” said Greg McBride, ‘s senior financial analyst. “With a little bit of research, most consumers should be able to find a free checking account that meets their needs.”

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