When you use an ATM, you probably hope to simply pull a certain amount of money from your checking account, but you'll probably be dismayed by the rising withdrawal fees. Why does it cost so much just to get cash? Below, Park Avenue Coin Laundry, located in Dothan, AL, shares some possible reasons for these rising charges.

With the current low-interest rates, banks aren't making as much money from loans as they have in the past. They have to look for revenue somewhere else, which is when rising ATM fees happen. Some banks have increased their ATM fees by 20% in the past five years to compensate for losses in other areas.

Banks are also being pressured to lower other fees, like overdraft and account maintenance fees. Because brick-and-mortar banks require more income to maintain their facilities, they have to charge more fees than online banks. Customers who opt to stick with these brick-and-mortar banks get the convenience of face-to-face service but the inconvenience of these added charges.

Another reason you may experience higher withdrawal fees is from being charged two separate fees. This will usually only happen if you use an out-of-network ATM. You may be charged a fee from the ATM itself, as well as one from your bank. Both of these fees have increased since last year and can total over $5 for each transaction altogether. Even if you're only withdrawing $20, you could pay another 25% of that just to get your cash.

Whether you need a convenient ATM with low withdrawal fees or just a few dollars cash to do your laundry, Park Avenue Coin laundry has a great ATM that only charges $1 per transaction. Along with sparkling clean washers and dryers, they offer a drop-off laundry service to make your life easier. Call this laundromat at (334) 678-­0800, or visit the website to learn more about their facilities.