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Article: ATM Fees: Does Size Matter?(automated teller machine)(Statistical Data Included)
- Article from:
- New England Economic Review
- Article date:
- January 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Federal Reserve Bank of Boston. 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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The debate on automated teller machine (ATM) fees heated up recently, when voters in San Francisco and Santa Monica approved bans on banks' charging non-customers for using their ATMs. A federal court ruling has temporarily barred the two California cities from enforcing the bans, however. Connecticut and Iowa used existing laws to ban such ATM fees, but the Connecticut Supreme Court rejected the ban in that state. The Pentagon has said it would consider a ban on ATM fees on U.S. military bases. So far, the Congress has rejected legislation that would eliminate non-customer ATM fees nationwide.
ATM networks have allowed banks to charge non-customers for ...