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Article: Wells, B of A Recast Debate On ATM Fees With Lockout.(Well Fargo Bank, Bank of America restrict use of ATMs by non-customers in Santa Monica, California)
- Article from:
- American Banker
- Article date:
- November 12, 1999
- Author:
CopyrightCOPYRIGHT 1999 SourceMedia, Inc. 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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SAN FRANCISCO -
Lashing back against two California cities that are banning automated teller machine surcharges, Bank of America Corp. and Wells Fargo & Co. invoked free-enterprise principles in an attempt to frame a lingering national debate.
Effective Thursday in Santa Monica, Calif., and perhaps next week in San Francisco, the banking companies are not letting noncustomers use ATMs because they are losing the ability to surcharge.
"Is it fair for businesses to ask consumers to pay for products and services? Yes," said Kathleen Brown, president of Bank of America Private Bank West. "Is it fair for consumers to demand products and services for ...