Tuesday, February 27, 2024
HomeMoneyBanks Testing New $5 ATM Fee Means I Can't Afford to Take...

Banks Testing New $5 ATM Fee Means I Can’t Afford to Take Out My Own Money!

Big banks have been fighting new federal rules that seek to limit consumer fees on debit cards and overdraft charges. But in the meantime, the banks have a plan B.

Deal Journal colleague Robin Sidel weighed in with an eye-opening story this morning about several banks changing their ATM policies to rake in more fees.

J.P. Morgan’s retail bank, Chase, is even testing fees of $5 in Illinois and $4 in Texas for people who use a Chase ATM and aren’t a bank customer.

Source

The Heat Reporter
The Heat Reporterhttp://theheatmag.com
Known in entertainment circles as "LA Dre", the Editor of The Heat Magazine works tirelessly to bring you the latest & greatest in entertainment news. He spent years in the industry & now brings some of that insider knowledge to his readers.
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