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Article: Pennsylvania banks reimburse customers for 'foreign' ATM fees.
- Article from:
- York Daily Record (York, PA)
- Article date:
- June 4, 2005
CopyrightCOPYRIGHT 2005 York Daily Record. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Andrea Maria Cecil
Jun. 4--Does it ever seem odd that you're getting charged twice to use the ATM once?
Many consumers and consumer advocate groups not only think it's odd, but unfair, and, surprisingly, so do some banks.
Financial institutions are increasingly offering to reimburse customers for other banks' ATM fees. The incentive, banks believe, will help to attract and retain clients in their ever-competitive industry.
But like all good things, there's a catch.
Banks that reimburse so-called "foreign" ATM fees usually require customers to maintain a minimum balance in their checking account or limit the number of ...