Atlanta has some of the highest out-of-network ATM fees in the country.
According to a BankRate.com survey, banks charge their Atlanta customers an average fee of $1.95 to use another financial institution's ATM. Only customers in Philadelphia pay more.
N'Jeri Nantambu-Bellmoved to Atlanta from Michigan last year and found herself paying a much higher out-of-network fee than she did there.
"They're banks and I guess they can do what they want to do, but it's not fair to the consumer," said Nantambu-Bellmoved.
Dr. Rajeev Dhawan, the director of the Economic Forecasting Center at Georgia State University, says it's all about supply and demand.
"We were the epicenter of all that was wrong with the banking system," said Dhawan.
Dhawan says with more than 80 banks failing in Georgia since 2008, there are fewer financial institutions to compete for your business.
"It's not like five years ago when all these banks wanted your business so it was free checking and they would pick up your cost. But now the banks don't have the money, and they also know there are not too many competitors so you're not going to go anywhere else," said Dhawan.
That means exorbitant fees for bank customers.
BankRate.com also reports that Atlanta has some of the highest checking account overdraft fees in the country, coming in at third with an average penalty of $32.70.
Thursday, May 23 2013 2:17 PM EDT2013-05-23 18:17:55 GMT
The state rested its case on Thursday in the trial of Michael Parson. He's accused of shooting his wife eight times in April 2011 outside their Sandy Springs apartment.
The state rested its case on Thursday in the trial of Michael Parson. He's accused of shooting his wife eight times in April 2011 outside their Sandy Springs apartment.
Thursday, May 23 2013 1:55 PM EDT2013-05-23 17:55:29 GMT
Police in Palmetto say they're investigating the abduction of a 13-year-old boy.
Police in Palmetto say they're investigating the abduction of a 13-year-old boy. They say he was approached by a man as he got off his school bus on Wednesday, and that man pulled him into a pickup truck. He was able to escape, but the suspect is still on the loose.
Thursday, May 23 2013 1:33 PM EDT2013-05-23 17:33:35 GMT
The wives of first responders in Atlanta took to the picket line on Thursday morning to demand a salary hike for city workers.
The wives and family members of first responders in Atlanta took to the picket line on Thursday morning to demand a salary hike for city workers. They say their loved ones are forced to work extra jobs just to make ends meet, leaving little time for family.
Thursday, May 23 2013 1:06 PM EDT2013-05-23 17:06:09 GMT
The fox responsible for biting two Newton County elementary school students while they played on their school's playground remains on the loose.
The fox that bit two Newton County elementary school students while they played on the playground is still on the loose. Animal control authorities tell FOX 5 someone from Rocky Plains Elementary School reported a fox sighting on campus one day before the boys were attacked.
Thursday, May 23 2013 7:32 AM EDT2013-05-23 11:32:32 GMT
As we celebrate Memorial Day weekend, we'll pause to remember the men and women who died while serving in the U.S. Armed Forces.
As we celebrate Memorial Day weekend, we'll pause to remember the men and women who died while serving in the U.S. Armed Forces. It's also a great time to thank veterans for their service to our country—veterans just like World War II American hero Lew Fern.
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