• 10

    May

    Loss of Revenue Lead To Rising Atm Fee

    A recent studing has shown the ATM usage fees increased as banks lost other sources of revenue. In the United States, the national average ATM service charge is $ 3.74, a figure that reflects the costs assessed by the bank to go-out-and-tissue bank charges which have non-customer ATM fee. Most financial institutions charge for both. Ron Shevlin, a retail banking analyst at research firm in Boston-based Aite Group, said: “Changes in industry regulation has actually put the damper on the ability of banks to make money on fees.” the new law has reduced the amount of fees banks could charge on overdrafts and credit cards debit cards, which became a hot topic in recent years. In Britain, many protests against the allegedly harsh punishment imposed on the customers overdraft to excee
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