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The Continued Rise of the ATM Fee

ally allybank.com ATM FEES: A $7.1 BILLION INDUSTRY OUT OF NETWORK ATM FEES NON-CUSTOMER ATM SURCHARGES With fees rising to as much as $5 per transaction, it's time to choose a different kind of bank. At Ally Bank we won't charge you to use any ATM in the US, plus we reimburse other banks' ATM fees nationwide. OUT OF NETWORK ATM FEES 75% of consumer checking accounts are being charged by banks when money is accessed outside of their banking network. That's up from 72.3% in 2009 2009 2010 AVG. FEE BANKS ARE CHARGING THEIR CUSTOMERS TO USE OTHER BANK ATMS 2009 $1.32 72.3% 75% 2010 2009 2010 $1.41 Source: Bankrate.com NON-CUSTOMER ATM SURCHARGES 99.1% of ATMS charged a fee to non-customers in 2010. 2009 2010 98.7% 99.1% $2.33 $2.22 2009 2010 The average ATM surcharge (the fee charged by an ATM owner) increased 5% Source: Bankrate.com $7.1 Did You Know? BILLION DOLLARS Some banks are testing fees of $5 in Illinois and $4 in Texas for people who use their ATM and aren't TOTAL AMOUNT OF FEES GENERATED BY ATMS LAST YEAR bank customers. $3 BILLION DOLLARS INCURRED FROM OUT OF NETWORK ATMS Source: Wall Street Joumal (based on Oliver Wyman Consulting Firm study) ATM BANK Are located outside bank branches ш 2/3 Banks spend 425,000+ ATMS in the US $12-$15K a year to maintain each ATM Source: Wall Street Jourmal (based on American Bankers Association study) ALLY REIMBURSES ATM FEES NATIONWIDE At Ally Bank we won't charge you to use any ATM in the US, plus we reimburse other banks'ATM fees nationwide. ally. ATM BANK FDIG .......................

The Continued Rise of the ATM Fee

shared by kcatoto on Jan 24
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we often talk about bank fees and the negative effects they can have on you and your money. We reimburse all ATM fees our customers incur in the United States, including those charged by other banks, ...

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Ally Bank

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Business
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