View Single Post
Old 09-30-2011, 08:24 AM  
Barry-xlovecam
It's 42
 
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
Pass the trash ...

These fees will be in ADDITION to ATM charges. I read of one bank increasing its 'out of network' ATM fee from $2.00 to $2.50

The FED has cut the rates on the "debit card transaction skim" from .44.

http://news.google.com/news/more?pz=...OXXM &topic=h

The banks are no longer able to profit from lending so they now cannibalize the stored capital of their customers.

In time some will probably offer relief from these fees to gain market share.

Barry-xlovecam is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote