(CNN, with reporting by Evan White) - ATM fees are rising to new levels as banks cut back on free checking accounts.
Financial research firm Bankrate found that ATM surcharges rose four percent since last year, hitting a record high of $2.50.
This is the eighth straight year these fees are up.
The average charge for using another bank's ATM rose 11 percent to $1.57.
Bankrate also found that less than half of U.S. banks offer free non-interest checking accounts.
Financial analysts say restrictions on overdraft charges and limits on swipe fees from debit cards are to blame.
