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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra