Before slipping the old debit card into an ATM, consumers may want to think twice if it's not their own bank's machine. ATM fees at these non-customer cash-dispensing outposts are edging up, with some hitting the $5 transaction fee mark, according to a Wall Street Journal report.

Some banks are saying so-long to the standard $3 fee as they seek to re-coup lost revenue from debit cards and overdraft charges due to federal regulatory changes, the report notes.

J.P. Morgan Chase (JPM) is trying out a $5 non-customer transaction fee in Illinois, as well as a $4 fee in Texas. PNC Financial Services Group (PNC), meanwhile, is planning to terminate its ATM reimbursement program, which covers transaction fees at non-customer bank machines, later this year. And last week TD Bank Financial Group (TD) eliminated its perk that allowed its customers to use ATMs operated by other banks without charging those customers for a piece of the transaction fee.

Banks brought home a sizable $7.1 billion last year from ATM transaction fees. And of that multi-billion-dollar bonanza, $3 billion was collected by banks whose customers used another institution's ATM, the report notes.

As more banks are expected to weigh in with higher ATM fees, frequent ATM users may switch to institutions that have the largest network of cash-dispensing machines. Savvy consumers may also opt to double down when at checkout stands that allow them to get cash back when making a purchase, minimizing the impact of the non-customer ATM fee.


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payfonmarc

ATMs are a convenience, not a necessity. Plan ahead a little and you'll never have to pay a fee.

And besdies, ATMs cost money to buy and operate. Why should a bank let a "non-customer" have a free ride?

March 20 2011 at 8:57 AM Report abuse rate up rate down Reply
yankeedoug1121

banks suck !

March 18 2011 at 8:59 AM Report abuse +1 rate up rate down Reply
somost

I still like cash and not paying everything buy credit or debit card like I see some people doing. Maybe I am old fashion.

March 18 2011 at 8:39 AM Report abuse +1 rate up rate down Reply
raiderjim52

I've always said the Goverment is corrupt, period. they have the power to stop rapeing the people. Iam ashamed to have served this country

March 18 2011 at 8:20 AM Report abuse rate up rate down Reply
RANDALL

GET ON FACE BOOK AND YOU CAN GET BACK CONTROL FROM THE STUPID FEE GRABBING BANKS.
YOU LET THEM USE YOUR MONEY FOR LOANS TO OTHER PEOPLE AND THEY WANT YOU TO PAY THEM ????? WHAT'S WRONG WITH THAT PICTURE. REMEMBER THE FIRST GRADE , WHEN THE TEACHER SHOWED YOU A SERIES OF PICTURES. ONE PICTURE SHOWS A TABLE MISSING ONE LEG AND THE TEACHER ASK, WHAT IS WRONG WITH THIS PICTURE ? A FIRST GRADER CAN FIGURE OUT WHAT IS WRONG WITH THE PICTURE . WE NEED TO WAKE UP LIKE EGYPT AND LIBYA DID.

March 18 2011 at 7:52 AM Report abuse +1 rate up rate down Reply
wbearl

It's kind of funny how the Banks and money people tried to warn Obama and his minions that if they messed with the Banking Industry, the Banks and Credit Card Companies would still find new ways to stick it to their customers. As usual, when the Progressive Liberals set out to stick it to big business, it bounces back and hurts the consumer worse. For the last 100 years every time they meddle things only have gotten worse. I wonder how long it is going to take before they learn they can't legislate morality?

March 18 2011 at 7:51 AM Report abuse -1 rate up rate down Reply
wbearl

It's kind of funny how the Banks and money people tried to warn Obama and his minions that if they messed with the Banking Industry, the Banks and Credit Card Companies would still find new ways to stick it to their customers. As usual, when the Progressive Liberals set out to stick it to big business, it bounces back and hurts the consumer worse. For the last 100 years every time they meddle things only have gotten worse. I wonder how long it is going to take before they learn they can't legislate morality?

March 18 2011 at 7:51 AM Report abuse +1 rate up rate down Reply
buck4miser

I hope all the Wall St. and bank CEO's and executives are plagued with radiation poisoning and no cure. The brought us the great recession, high oil prices stalled housing market, historic job loss, people losing their homes and high food prices. I think it would be justice served and the perfect end to their crime on the middle class. Then they can spend all their money trying to find a cure for their sickness but I would hope they perish before that would happen.

March 18 2011 at 7:42 AM Report abuse -1 rate up rate down Reply
Tommy

Under our economic system we wouldn't nationalize the banks it just wouldn't be democratic, but the banks seem to be of one mind when it comes to their economic survival. But what about the American people and their survival, which at the moment is in question. The banking system has been the weak link in the free enterprise system ever since it was established. They were the partakers in the "Great Depresssion of 1929" & again in 2008 and what is now being described as the "Great Recession" of which we are still trying to crawl our way out of. There needs to be some mechanism created to protect the economy from adverse banking practices.Democracy is a work in progress, and if nessasary we as a people should be able to make changes to a segment of the economy that seems to be more of a detriment than an asset. As I see it the banks are the fuel pump and not the fuel. The fuel is the currency of the United States.By them increasing fees for ATM's they only take money away from the spending power of the consumer, yet the banks reap the benefit from a ill conceived practice. Yet nothing will change. No one is listening to the drum beat that brings into question the future of Democracy and the future of the free enterprise system. China may have it right, rule from on high, & give the pee ons what they want. Either way it seems as though the world will never learn the truth until its to late.

March 18 2011 at 7:40 AM Report abuse +1 rate up rate down Reply
Gene

A safe bet would be that 95% of Americans are total fools. People have been duped into believing that banks, debit carda and credit cards are necessary. It's a sure fire way for our evil and corrupt government to track your every minute. Our government has steered us down this path for a reason you idiots. I depise liberals and Democrats. They sicken me.

March 18 2011 at 7:33 AM Report abuse -1 rate up rate down Reply