Quote:
Originally Posted by worth
Most of the time the $3 ones are independent cash machines and not banks.
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And I really don't have a problem with the "Joe's cash machine" in the bar or the 7-11. My biggest issue is the major bank machines who charge the same amount as those little ones.
The only way the owner of the Joe's machine has to make money is with a service charge. However when I use a CIBC machine to take money out of my TD account, they also charge the same fee. My back then tacks on the "other bank fee" which; when it was brought in, was explained that it covers the cost of using and maintaining the Interac network. CIBC pays for that machine to be there as a service to their own customers. An additional fee was set up for me to use it, but now we are getting dinged twice. To me that is like me making a phone call to Winnipeg, but getting billed from both MTS and Telus to make the call.
Maybe an idea would be to only allow 1 fee per transaction. That way if people see that it's $4, they might think twice.