Recently, American Banker printed an article on ATM fees written by Joe Belew, president of the Consumer Bankers Association, who claimed that the recent trend of doubling ATM fees to noncustomers is merely the cost of "convenience."

If that is so, then "convenience" is getting pretty darn expensive. As the New York Times recently reported, the average consumer is paying a whopping $155 per year for the "convenience" of getting his or her own money. In fact, the Times article stated that ATM fees are often higher than those assessed by street-corner check-cashing services.

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