Angry New Yorker

Semi-Daily Rants from New York City's Angry Man

"As I know more of mankind I expect less of them, and am ready now to call a man a good man, upon easier terms than I was formerly." - Dr. Samuel Johnson, Boswell, Life of Johnson, Sept. 1783

Archives


Links
Tuesday, April 29, 2003
 
Bank ATMs. ATM stands for "Always Taking Money".
According to NYPIRG, "Despite a troubled economy and international unrest, bank profits soared past all previous records in 2002. Banks nationwide doubled their previous year's huge increase in profits in 2002, netting more than 90 billion dollars. Net income for banks supervised by the Office of the Comptroller of the Currency rose 28 percent in 2002, up from a 14 percent increase in 2001. (1)"
A highlight from the report:

CHARGING CONSUMERS TWICE AND BANK DOUBLE DIPPING ARE WIDESPREAD IN NEW YORK
Almost all (99%) of the bank-owned atms surveyed surcharge and the average fee assessed by the bank-owned atms surveyed that surcharge is $1.58 (up from $1.49 in 2002). Banks that assess a surcharge fee of $1.75 or more include charter one, hsbc, key bank and m&t bank. The highest surcharge assessed by a bank-owned atm was $2.50.

100% (up from 88% in 2002) of the banks surveyed assess a foreign atm withdrawal fee and the average fee assessed by the banks surveyed that charge a foreign atm withdrawal fee is $1.21. The highest foreign atm withdrawal fees were assessed by bsb bank & trust ($1.75), charter one ($2.25) and key bank ($2.00).

Read the entire report, [more]

posted by anonymous at 12:39 PM

Comments: Post a Comment
HOME
This page is powered by Blogger. Isn't yours?