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ATM Proceedure

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Jdurg:

--- Quote from: Ed_McCarron on April 14, 2008, 05:53:34 pm ---
--- Quote from: RayB on April 14, 2008, 11:34:26 am ---You pay to use an ATM if it's not your own bank! Why should one bank provide free convenience and service to members of a competing bank?

--- End quote ---

Why not?  What would it actually cost 'em?

I spent a few months installing frame relay circuits into ATMs all over PA.  You'd be amazed what the banks pay in overhead to keep those things running.

You'd also be amazed:

1)  How much they weigh. (>800 lbs)
2)  How much cash they hold (depending on the location and season) ($200k+)
3)  How many morons they can find to work on installing one. (22 was the record.  All mouth breathers.)

--- End quote ---

The point is, if they charge for non bank-members to use their ATM, they can try and persuade those people to switch banks so they don't have to pay the fees.  If there is an ATM that is en route to somebody's work or near their home, but they aren't members of their bank, they'll constantly be paying money to withdraw from that ATM.  In doing this, the Bank my persuade those people to transfer their funds to their bank instead of the one they currently use.

If ATM use was free, there'd be no reason for them to ever think about changing banks.

FrizzleFried:

--- Quote from: Ed_McCarron on April 12, 2008, 11:25:27 am ---I'm still trying to figure out why they charge to use an ATM when you are saving labor costs by avoiding the teller.

Is it true that other countries charge a surcharge to see a teller?

--- End quote ---

Uh,  I haven't been charged to use an ATM (of my own banks) in many many years.

Zero_Hour:
My bank refunds all ATM fees I'm charged by other banks. I have never been to my bank as it has no physical branches that I am aware of.

I don't know if there is a ceiling on that refund per month or anything, but I have yet to hit one.

Jouster:
I've never been charged a fee to use the ATM at my own bank...if you are getting charged for that...change banks!!

Jouster

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