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Chicago ATM fees higher than in most U.S. cities

from "Chicago ATM fees among highest in U.S.", by Alison Neumer, The Chicago Tribune Redeye 08/27/03

ATM fees at Chicago-area banks are higher than the national average, and higher than most U.S. cities, according to economists at Moebs $ervices. The main reason for such high fees is that among Chicago's banks, "there's no dominant player or two players, so you have a situation where there's a tendency to drive the price up," said Mike Moebs. Moebs predicts that more people will use the cash-back option on their debit cards as a way to avoid ATM transactions and their corresponding fees.

Written By: rnybeck
Date Posted: 10/24/2005
Number of Views: 2802

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