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Banks profit, in part, from banking fees. For example, some banks charge a monthly fee for checking accounts containing less than a certain amount of money. Banks may also charge for bounced checks, paper banking statements, and using an ATM belonging to another bank. The average fee charged by a bank to a noncustomer using its automated teller machine (ATM) is $2.50 per transaction. The average fee consumers are sometimes charged by their own banks for using another bank's ATM is $1.57. You'll learn more about ATMs later in this tutorial.
Visit ATM in our Everyday Life project to practice using an ATM.