24 December 2005

Bah! Humbug! Why do banks charge so much for ATM fees?

Would you rather walk 20 blocks in the rain than pay a $1.50 in ATM fees? Even if your answer is an emphatic "eh, not really," we think most bank customers would agree that indiscriminate surcharges are annoying. However, as much as it pains us to say this, they exist for a valid reason.
In the Philippines I think the fee is about P10.00. The bank I use even charges P100 for over the counter withdrawals for ATM accounts! Bah! Humbug!

Oh and by the way, ATM stands for Automated Teller Machine. So, if we call them ATM machines, that's Automated Teller Machines machines. Get it?