While ATM fees add up, consumers seem willing to sacrifice those dollars for convenience.
A GAO report finds that some ATM fees increased from 2007 to 2012.
Two big banks are rolling out ATMs that dispense cash in any denomination a customer desires.
President Barack Obama signed a law to eliminate a requirement for on-machine ATM fee disclosures.
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Withdrawing money an ATM not owned by your bank has never been cheap. But now, ATM providers have new way to make sure they maximize the fees you pay for withdrawals. From Felix Salmon of Reuters: Paul Volcker likes to say that the only worthwhile financial innovation of the past 20 years has been the
Class-action lawsuits alleging violations of ATM fee disclosure notices aren’t new. But now, the Credit Union National Association, or CUNA, is urging the federal Consumer Financial Protection Bureau, or CFPB, to suspend one of the notice requirements to stop the lawsuits. At issue is the federal Electronic Fund Transfer Act, which requires ATM operators, such as
It may look like an ATM, but a new machine catching on in Paris dispenses freshly baked baguettes instead of money. From Kim Willsher at The Guardian: But now one entrepreneurial baker has come up with an idea that sounds as sacrilegious as putting Dom Pérignon in wine boxes: selling baguettes in a vending machine.
For those that hate ATM fees, it’s been a tough couple of decades. Since we started our annual Checking Study in the fall of 1998, the percentage of ATMs charging a fee rose from 68.4 percent to 98.7 percent. During that time, the average ATM fee has risen from 89 cents to $2.40. But a
How much do Americans spend on ATM fees each year? If you don’t know the answer, don’t worry. The vast majority of Americans don’t know, either, according to a new survey conducted by Ally Bank. In results released on Thursday, only 9 percent of more than 1,000 respondents answered correctly: $7 billion in 2010. More