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Author: akleck One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 24252  
Subject: Re: Greedy banks and ATM charges Date: 4/10/2001 5:08 PM
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Ahem, sorry, a bank is in the business of charging market rate for its services. They're not trying to recoup the costs of maintaining ATM machines, that's not the proper exercise here. The banks will charge what they think you will pay, for all of their services. If they charge $2.00 per ATM transaction, and their customer base declines, then they'll charge less.

I used to think this was some sort of calculation based on the expense of ATM machines. The ATM service is considered the cheapest service to maintain. All that they charge is gravy.

It's up to us to find banks that charge the least amount for the services we want.
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