09-30-2011, 08:24 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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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.
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