Surcharge-Free ATM Networks Are Growing
Tags: AUTOMATED teller machines; BANKING industry -- Automation; CREDIT unions; USER charges
Related Articles
- Bank ATMs and ATM Surcharges. Gowrisankaran, Gautam; Kramer, John // FRBSF Economic Letter;12/16/2005, Vol. 2005 Issue 36, p1
This article focuses on the role of the automated teller machine (ATM) in today's life. According to Dove Consulting there are approximately 371,000 ATMs in the United States that process 30 million transactions per day. It also presents information on the surcharge fee paid by consumers using...
- CUs, Banks In Joint ATM Venture At Chicago Airports. // Credit Union Journal;3/28/2005, Vol. 9 Issue 12, p27
Reports on the joint automated teller machine (ATM) venture between Alliant Credit Union and Seaway Bank in Chicago, Illinois. Significance of the partnership for both credit unions; Terms of the agreement; Statement of David Mooney, Alliant Credit Union CEO and president, on the emergence of...
- ATM Fee Waiver Aimed At Attracting New Members. Ortiz, Lauralee // Credit Union Journal;7/18/2005, Vol. 9 Issue 28, p6
The article reports that the Boeing Wichita Credit Union (BWCU) has eliminated all of its ATM surcharge fees in order to attract new members and keep the old ones happy. That includes the $1.50 transaction fee traditionally charged to members who use foreign ATMs and the $2 fee traditionally...
- Texans CU Is Seeking To Spur Cooperative ATM Effort In Austin Market. Freeman, Lisa // Credit Union Journal;11/29/2004, Vol. 8 Issue 48, p13
This article presents information on matters related to Texan Credit Unions. Seeking to engender greater cooperation among credit unions, Dallas-based Texans CU (TCU) is offering surcharge-free access to its ATMs in this market to other credit unions members. The $1.3-billion TCU sent a letter...
- Pooling of ATMs Continues Gaining Favor with CUs. Breitkopf, David // American Banker;7/13/2004, Vol. 169 Issue 133, p10
Announces that seven Texas credit unions have combined their networks of automated teller machines to provide wider surcharge-free service. Importance of small credit unions banding together to compete against large banks; Efforts of Austin ATM Alliance's network of 168 ATMs to compete against...
- Noncustomer ATM Use Fees Up 13%. // American Banker;10/30/2008, Vol. 173 Issue 210, p5
The article discusses an increase in fees being paid by customers using automated teller machines (ATM) at banks other than their own. The amount of money banks are charging non-customers in ATM fees is discussed. Increases that have occurred between 2006 and 2008 in the amount of money being...
- Consumers Alter Their Behavior When Faced with Higher ATM Surcharges. // ABA Bank Marketing;Jan/Feb2008, Vol. 40 Issue 1, p5
The article focuses on the findings of a research about the views of consumers to higher automated teller machine (ATM) surcharges. The research by Synergistics suggests that consumers are, in fact, resistant to ATM surcharging and may change their behavior in response to increased surcharges....
- Higher B of A Fee to Raise Rivals' Costs. Breitkopf, David // American Banker;8/3/2007, Vol. 172 Issue 149, p1
The article reports that Bank of America Corp.'s plan to increase its surcharge for noncustomer ATM use to three dollars per visit is expected to increase costs for competitors who reimburse for those fees. Reimbursements for ATM fees have become common at banks that lack branch networks. Some...
- �AND RAISES ATM FEE TO $3. // CardLine;8/3/2007, Vol. 7 Issue 31, p39
The article reports that the Bank of America Corp. (BofA) raised its ATM surcharge fee to $3 from $2 for noncustomers who use any of its 5,700 freestanding branch and in-store branch locations in 31 states and Washington, D.C., but not in Chicago. BofA expects to finish rolling out the...


