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ATM fees still rising, study by ABA confirms. (automated teller machines, American Bankers Association)
American Banker
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December 30, 1992|
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Bankers are charging customers more than ever before to use automated teller machines, figures from the American Bankers Association confirm.
But it still isn't clear whether the rising ATM charges are helping to bolster bank profitability.
According to the ABA's annual retail banking study, the average fee for a demand deposit withdrawal through an ATM is 30 cents when the ATM is owned by the customer's bank and $1 when the transaction originates at another bank's machine.
Two years ago, banks were charging about 27 cents and 85 cents ...
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