ATM Fees - RushOnline.com After ATM Fees, we should outlaw... 411 information calls used to free. Now they cost from 50 cents to $2. I know that on my bill they are 75 cents. There has to be a law to protect us. Don't we all hate the phone companies as much as we hate the banks? I know we didn't pay for 411 calls under Ronald Reagan. Could this be another Clinton tax increase? Tom * * * ATM Fees I, like a lot of people, do not necessarily enjoy paying money to get my money. But, on the other hand, if a bank is going to (in a sense) travel to my bank, get some money, and then bring it to me in less than 1 minute, for a lousy buck fifty, I cannot complain. I have a friend in the check cashing business. He has a fear that charging people to cash their checks may fall into the same category as ATM fees, and someday be out of business. I think he has a legitimate fear, don't you? John Z. San Pedro, CA *** BANK FEES ? WHY ARE THESE IDIOTS PROTESTING ATM FEES NOT UP IN ARMS OVER THE ADDED CHARGES TO OUR TELEPHONE BILLS FOR INTERNET ACCESS? AT LEAST AT THE ATM, YOU'RE GETTING A SERVICE FOR A FEE! THE ADDED "FEE" ON YOUR TELEPHONE BILL IS FOR NO SERVICE AT ALL FOR THE PERSON PAYING THE BILL! THESE TELEPHONE FEES, (WHICH BY THE WAY, IS "FOR THE CHILDREN"), HAVE TO BE BETWEEN 300 MILLION AND 1 BILLION DOLLARS PER MONTH! WHO IS GETTING IT? HEY, YOU LAZY REPORTERS, WHY DON'T YOU FOLLOW THE MONEY???? BILL * * * Let's face it folks! There is no free lunch. If we expect to have our cake, we must be prepared to pay for it before we eat it. The bank charges me nothing to process my ATM request at a company machine but I must pay the buck fifty when using another machine. That's fair. My bank usually doesn't have a machine very close if I chose to use the third party machine. That's my decision. What most people don't know is that some banks charge you to do a transaction in person! That doesn't seem fair but it's something the bank is doing to help educate the public on ATM Banking. Electronic transactions cost the bank so much less to handle since they don't have an employee to pay or pay for their fringe benefits. That is where we are going folks, Like it or not. The bank can do business with you for less if they have fewer expenses. They can afford to pay higher interest on loans and make loans at lower rates if their expenses are lower. Let's go folks! Don't be forced into the twenty-first century kicking and screaming. Make the transition quickly and painlessly so that we can all benefit. Ken * * * ATM FEES I just visited your Vistor Index and couldn't help read comments about ATM fees. You want to hear a "new one" from our "friendly" local bank? ***Notice*** Effective April 16, 2001 you can no longer use your ATM/Debit card for cash advances when making purchases for items, be it a supermark or department store or else you will be charged a fifty cent fee which will appear on your checking statement each month. So Rush, each time, if I'm not careful and don't tell the check out attendant, "do this on Credit, not as a Debit" I'm going to be charged fifty cents. Mind boggling isn't it? As it is now, I'm only allowed two physical transactions at my bank each month, if I do any more than two physical transactions with a bank teller during a month, I will be charged accordingly, I believe the charge is $1.00 per transaction. I have what is called a "free checking account", yea, right. It cost us upwards of almost $80.00 for checks printed up for us when we need more. We obtain them through the bank we do business with. Sure, I could purchase those "cheap, special checks you see offered" but you know what the bank says, "I wouldn't recommend those checks as they have created problems when being processed, for some unknown reason, the bar code on those type checks aren't being read properly and causing havoc with people using those types of checks vs., the official checks we have printed and distributed to our customers." What's a good definition for the above? A friend (I assume) Frank * * * ATM Fees I am not opposed to ATM charges, I am just opposed the to the amount that I / we are being charged. When ATMs first hit the market, the average fee was about 50 cents per transaction. After they got us hooked banks started rising ATM fee until the government had to a stop to it. I have seen some bank charging as much as $2.50 per transaction. So here is my problem. Most ATM machines are made by Die bold, so most ATM machines use the same software to operate. I am sure that you are aware that transaction request are electronic requested via federal financial clearing house and most banks use the same clearing house. Also if you check you will see that it only cost pennies to process an ATM transaction. So why do we let the get away with the crazy ATM fees that the banks are charging? Why? What can we do about it? A profit is one thing, but being ripped off is something else. Banks are killing us with charges. ATM services are services that banks offer to expand their business, to make it easy for them to expand their customer base, so what should we be charged. They should be paying use to use their banks. I work in the computer industry so I know how much resources are used with the ATMs. Everything is done mostly between computers with not human intervention. Yes there is some cost but if you average the cost between the ATM fee and customer use, the banks are making a killing on use. We can and we should make them lower these fees. 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