Recent survey finds bank fees at record high levels

CREATED Oct 2, 2013

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New York (KTNV) -- A recent survey found bank fees rising to record high levels.

What can consumers do to spend less of their money, while spending their money?

An annual survey from bankrate.com recently found that consumers were paying more to their banks for using their own money.

Their survey found the average overdraft fee is $32.20. That's an increase of 3-percent over last year.

The average fee for using another bank's ATM is $4.13. That's up 2-percent from 2012.

Both are fees that consumers can avoid with good financial planning. But those looking to save even more money on bank fees can consider some other tips as well.

- When you get mail from the bank, read the fine print, which often times we all fail to do.

- Look for any minimum-balance requirements and service fees.

- Many banks have started charging for monthly paper statements, so an option is to ditch the paper bills and go online.

- If you're fed up with fees, tell your bank you're shopping around and they may be willing to waive the charges, rather than lose a loyal customer.