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ShaolinFlame · 01-25-2007, 01:49 PM

This makes no sense, as without a service charge, there is no incentive for two things:
1) THe companies, entrepeneurs (SP)(my friends mom owns a ton thanks to her husbands infiinite cash flow) who purchase these ATMS, put their names on it or w/e, and then sell the machine to whoever. These people would cease to exists (not the end of the world in my view). however...

2) your local corner store, drinking establishment, or where ever you may happen to get cash that is not a bank named machine. Without service charges these ATMs do not exist. You would be having to go to a bank every time you want money.

I would much rather have the choice of free withdrawl at my branch alongside the 4$ i might see at the bar when i dont necesarilly have the time, energy, or means to go to the bank. As opposed to free withdrawl at all branches.

As a bit of an aside, this is yet another incredibly stupid NDP ploy to maybe get votes from the 1% of people who actually have a huge issue with this. Clearly it is a very small people as the machine tells you what your losing and you have to agree, and i assume most every person understand how they are charged. The utility for the service of insta cash to the average consumer is $2.00-$4.00 (corner store - da cluuub). The market has set its price. If people are willing to muster these charges for this service then they are at least breaking even (as the Oppurtunity Cost of going all the way to the bank mut clearly be more than the 4 dollars). So getting rid of this is stupid, if it irks you that much don't stiffle ATM service, jsut go to your damn bank, and if it's not cose enough to you, etc, change banks. It's that easy.

01-25-2007, 01:49 PM	#43
ShaolinFlame Powerplay Quarterback Join Date: Oct 2006 Location: Walking Distance Exp:	This makes no sense, as without a service charge, there is no incentive for two things: 1) THe companies, entrepeneurs (SP)(my friends mom owns a ton thanks to her husbands infiinite cash flow) who purchase these ATMS, put their names on it or w/e, and then sell the machine to whoever. These people would cease to exists (not the end of the world in my view). however... 2) your local corner store, drinking establishment, or where ever you may happen to get cash that is not a bank named machine. Without service charges these ATMs do not exist. You would be having to go to a bank every time you want money. I would much rather have the choice of free withdrawl at my branch alongside the 4$ i might see at the bar when i dont necesarilly have the time, energy, or means to go to the bank. As opposed to free withdrawl at all branches. As a bit of an aside, this is yet another incredibly stupid NDP ploy to maybe get votes from the 1% of people who actually have a huge issue with this. Clearly it is a very small people as the machine tells you what your losing and you have to agree, and i assume most every person understand how they are charged. The utility for the service of insta cash to the average consumer is $2.00-$4.00 (corner store - da cluuub). The market has set its price. If people are willing to muster these charges for this service then they are at least breaking even (as the Oppurtunity Cost of going all the way to the bank mut clearly be more than the 4 dollars). So getting rid of this is stupid, if it irks you that much don't stiffle ATM service, jsut go to your damn bank, and if it's not cose enough to you, etc, change banks. It's that easy.