Article 6R845 Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one

Many cheered when banks eliminated ATM fees in 2017 – but now it’s a struggle to find one

by
Jonathan Barrett Senior business reporter
from World news | The Guardian on (#6R845)

Bank-owned ATM numbers are down almost 60%, with many spots now taken by privately-owned machines charging about $3 per withdrawal

It is getting increasingly difficult to find an ATM and harder still to find one that doesn't charge fees, prompting warnings that the push toward a cashless society is neither equitable nor wise.

Bank-owned ATM numbers are down almost 60% since 2017, according to regulatory data, with many spots now taken by third party-owned machines that typically charge about $3 a withdrawal.

Sign up for Guardian Australia's breaking news email

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments