03-17-2011, 07:31 PM
J.P. Morganââ¬â¢s retail bank, Chase, is even testing fees of $5 in Illinois and $4 in Texas for people who use a Chase ATM and arenââ¬â¢t a bank customer.
The fees already are big business. As Robin wrote, ATMs generated $7.1 billion in fees last year, according to consulting firm Oliver Wyman. Of that, banks collected roughly $3 billion from charging their customers for using another institutionââ¬â¢s ATM.
The fees already are big business. As Robin wrote, ATMs generated $7.1 billion in fees last year, according to consulting firm Oliver Wyman. Of that, banks collected roughly $3 billion from charging their customers for using another institutionââ¬â¢s ATM.