NDP Leader Jack Layton is accusing Canada's big banks of "gouging" clients by charging ATM fees to access their own cash. Banks had $19 billion in profits last year.
2007-01-25 09:13:24 · 6 answers · asked by Anonymous in Business & Finance ➔ Corporations
Yes they are and you can do something about it. Open an account with a credit union and say goodbye to your fa cat bank.
2007-01-25 09:23:19 · answer #1 · answered by cynical jade 4 · 0⤊ 0⤋
Ive had the same bank for 25 years. When Wells Fargo purchased it they began to fee me for everything. Especially for ATM's. But first they removed some of their ATM's in the area and decreased access so you have to us others and of course they charge me for it. $2.00 to them and $2.00 to the other bank.
They even charge you to print out a receipt if you want one that shows your account balance.I have finally started the process of changing to a credit union.
2007-01-25 19:09:37 · answer #2 · answered by Pinky Lee 2 · 0⤊ 0⤋
Of course they do - its a business. They take your money and in turn pay you a small amount of interest on it. They take that same money and loan it out to others - those people PAY interested to the bank at a higher rate than what they are paying you... not to mention the fees and charges on top of all of that.
The fees are not very nice - but it beats storing it in your mattress.
2007-01-25 17:22:04 · answer #3 · answered by Christina M 2 · 0⤊ 1⤋
In Canada it is. In the USA I don't have to pay a fee to access my own banks ATM's.
2007-01-25 17:22:02 · answer #4 · answered by ? 7 · 0⤊ 1⤋
If you use the bank machines from your own bank - you don't pay a fee.
2007-01-25 17:22:07 · answer #5 · answered by snowy 3 · 0⤊ 1⤋
maybe they should be in the oil business................
2007-02-02 16:26:08 · answer #6 · answered by bingobum 3 · 0⤊ 0⤋