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ATM fee raised 50% for non-customers

by Angeline Booher / September 13, 2007 6:05 AM PDT
CHARLOTTE, N.C. (AP) -- Bank of America Corp. has raised surcharges for non-customers at most of its ATMs nationwide to $3 from $2.

The Charlotte-based bank, which has more than 17,000 ATMs, made the change in most markets in July and August, spokeswoman Betty Riess said. Bank of America has the largest ATM network in the United States and the higher fees could affect millions who do not hold consumer banking accounts there.

But Riess said, "The fee itself and the amount are disclosed on the ATMs, so [customers] can opt out and cancel their transaction."


http://money.cnn.com/2007/09/13/pf/bofa_atm_fees.ap/index.htm?cnn=yes

Hope they have that notice in big letters!


Angeline
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(NT) ATMs are a racket, they generate fees, plain and simple
by Willy / September 13, 2007 7:54 AM PDT
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The modern ones certainly do.
by drpruner / September 13, 2007 1:02 PM PDT

Some of the older ones ate up much of the profits in repair and maintenance costs.

BTW the branches dislike them. The branch people are responsible for keeping the things supplied with money and paperwork, and for responding in minimum time when a service light is triggered. They [feel they] don't get enough of a cut to make it worthwhile to them.

/s/ Doug, ex- BofA ATM tech

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they said it was for there customers
by jimandjerry / September 13, 2007 8:19 AM PDT

ease

right more like $$$$ for them

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Credit Unions are a good alternative.
by drpruner / September 13, 2007 1:05 PM PDT

Most belong to a nationwide association that includes ATMs. No matter what CU you belong to, you're a "member" at one of those ATMs. Tens of thousands nationwide.

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