Topic: Bank ATM fees are going up (Read 2252 times)
I think it is perfectly natural in the world of banking, all costs, price increases must be accompanied by an increase in service to customers, the need for power at ATM machines has increased, the need to maintain employee payroll ATM machines should increase as well, so it's all proportional, directly proportional to the cost of services performed by the bank ...
I don't think it will be easy for them to arbitrarily increase the fees. Many customers are price sensative and would opt to other bank offering low fees. The gov is regulating the banking industry and pushing them to eliminate unfair charges.
The major banks tend to act as a cartel and have similar charges.
Banks do try to cross sell multiple accounts to customers, which makes them less likely to switch banks when prices/fees increase.
I don't think it will be easy for them to arbitrarily increase the fees. Many customers are price sensative and would opt to other bank offering low fees. The gov is regulating the banking industry and pushing them to eliminate unfair charges.
The major banks tend to act as a cartel and have similar charges.
I don't think it will be easy for them to arbitrarily increase the fees. Many customers are price sensative and would opt to other bank offering low fees. The gov is regulating the banking industry and pushing them to eliminate unfair charges.
This is good for bitcoin...
http://money.cnn.com/2014/09/29/pf/atm-fees-rise/index.html?hpt=hp_t2
The more banks screw their customers, the more bitcoin has to offer.
People always find a way around to minimize fee.
Is there a way to withdraw money without using ATM?
This is good for bitcoin...
http://money.cnn.com/2014/09/29/pf/atm-fees-rise/index.html?hpt=hp_t2
The more banks screw their customers, the more bitcoin has to offer.
People always find a way around to minimize fee.
Is there a way to withdraw money without using ATM?
What the hell? I never paid any atm fee.
You must be from Europe. Most of the world has some pretty insane ATM fees. I am not sure why there is no such thing in most of the EU but that is the exception not the rule.
It is a free market.
Bank charges will go down, once there is competition from bitcoin.
Bank charges will go down, once there is competition from bitcoin.
US banking lingers in the dark ages compared to Europe.
What the hell? I never paid any atm fee.
You must be from Europe. Most of the world has some pretty insane ATM fees. I am not sure why there is no such thing in most of the EU but that is the exception not the rule.
What the hell? I never paid any atm fee.
You must be from Europe. Most of the world has some pretty insane ATM fees. I am not sure why there is no such thing in most of the EU but that is the exception not the rule.
What the hell? I never paid any atm fee.
You must be from Europe. Most of the world has some pretty insane ATM fees. I am not sure why there is no such thing in most of the EU but that is the exception not the rule.
There is some insane charges if you are from The US visting the EU if you have a standard crappy bank because you have to pay transfer fees two beers in germany cost me 22 dollars... but luckly since then I have switch banks that accommodate international travel
What the hell? I never paid any atm fee.
You must be from Europe. Most of the world has some pretty insane ATM fees. I am not sure why there is no such thing in most of the EU but that is the exception not the rule.
This is good for bitcoin...
http://money.cnn.com/2014/09/29/pf/atm-fees-rise/index.html?hpt=hp_t2
The more banks screw their customers, the more bitcoin has to offer.
Good news for us.
Bad news for those who use debit/cc.
Do you want to say that you could live on bitcoin only in these days ?
i can't say that. not in Europe.
lets say a btc loadable card, still you are charged a fee for exchange.
Banks still rules and we need to admit that.
you know why?
because people believe banks.
mortgages, debts, credits.. people like that.
We need to explain the world that p2p can do same, even better.
We need more startup boost companies to fasten up a progress.
i would say that 80% people in the world never heard what is cryptology, or heard but didnt understand a thing.
It is no matter if bank fees will grow up.
they would believe banks, all the time. complain about that, but do that.. all the time..
They grew up with banks, adoption.
my english is terrible
What the hell? I never paid any atm fee.
Really? are you in the U.S.? Here you pay at any ATM except the ones your bank owns. It can be as high as $8 per transaction. What a ripoff for sending a few lines of text over the internet.
What the hell? I never paid any atm fee.
Like it or not ATM at the present still provide a valuable service that BTC cannot currently replace.
Quote
A customer is slapped with fees when they use an ATM that's not owned by their bank, and those fees jumped 5% in the past year, according to Bankrate.
Don't use ATMs that are not owned by your bank then, and don't spend money you don't have by going into your overdraft. Pretty much most ATMs in the UK are free anyway, and it's rare that you'll be charged but they state that they charge you before you even put your card in so if I come across one I'll just find another.
The only other ATM fee that I have ever seen is a statement fee (to print a partial statement of recent activity) although I cannot imagine why anyone would ever want this. As a result I would conclude that people do this billions of times per year in the US.
My bank gives me 15 dollars a month to cover ATM fees
not only the Bank fees are going up even the Taxes decided to go up
Jump to: