Banks are continuing to amp up the threat of making consumers pay for the price of increased regulation. Chase is testing out charging non-customers in Illinois $5 for withdrawal fees. In Texas, they're trying a $4 charge on for size. Consumer advocates say its a scare tactic meant to muddy up Congressional waters, but banking experts disagree. "I think customers have taken for granted the cost of banks' infrastructure," says Margaret Kane, president and CEO of Kane Bank Services told ABC News. "ATMs are very expensive to install and maintain."
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3 comments:
Customers have taken banks "for granted"? Only a banker could say THAT with a straight face and then, actually BELIEVE it. After raising their credit cards rates by 100-300%. denying loans to even those with sterling credit, taking BILLIONS from those very same taxpayers in "bailouts", falsifying foreclosure paperwork in their hurry to take the homes of MILLIONS of taxpayers, and after posting record profits and paying record bonuses to themselves, they NOW need to charge $5 per ATM use, because they are being "taken for granted"?...of course, our "leaders", elected to represent us, will do what they have always done---throw the citizenry under the bus in order to pay the bankers back for their favors, also known as "campaign contributions".
Hope that fee comes with some lube.
You need to be a little stupid to pay a $5 fee when you could go to a grocery store, purchase a steak with the $5 you just saved, and get Cash Back.
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