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ohh nooooo....the big bad banks are providing a service and--now this is
shocking--are charging for it!!!! I suppose you'd rather go to a bank
branch and wait for 20 minutes or so to cash a check or make a deposit??
Isn't the time saved and convienience worth something???
Dtrader wrote:
> have any of you out there ever watched the tv show 'South Park' ?
>
> 'You Bastards !!"
>
> _______________________________
>
>
>
> http://dailynews.yahoo.com/tx/19990803/ts/banking_atm_1.html
>
> Tuesday August 3 5:36 PM ET
> Banks Draw $2-$3 Bln Revenues From ATM Fees
> NEW YORK (Reuters) - U.S. banks rake in as much as $3 billion a year
> from
> surcharges levied on customers withdrawing money from cash machines,
> consumer groups say.
>
> Consumers pay from 75 cents to $1.75 each time they pull cash from
> accounts
> through an automated teller machine owned by a bank other their own,
> generating between $2 billion and $3 billion in annual revenues for
> U.S.
> banks, the groups say.
>
> A bank industry group says many cash machines are not profitable after
> banks
> pay $15,000 to $50,000 for a terminal plus $20,000 to $30,000 in
> annual
> maintenance costs, but analysts say ATM fees have bolstered consumer
> banking
> income in recent years.
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