03/18/2010 05:12 am ET Updated May 25, 2011

ATM, Checking Fees Are Skyrocketing

And how does the industry that has received so much largesse from taxpayers repay the public? By jacking up fees for basic services. According to, the average surcharge for using a money machine rose from $1.78 in 2007 to $1.98 in 2008. It's probably higher now. Last week, when I stopped payment on a check, I was astonished to find the charge was $32, about what it costs to sponsor a child for a month through Save the Children. Meanwhile, consumer complaints about being hit with massive and repeated overdraft fees have led to threats of congressional action.