Post
Topic
Board Economics
Re: Bank ATM fees are going up
by
santaClause
on 06/10/2014, 05:00:28 UTC

This is good for bitcoin...
http://money.cnn.com/2014/09/29/pf/atm-fees-rise/index.html?hpt=hp_t2

The more banks screw their customers, the more bitcoin has to offer.

People always find a way around to minimize fee.

Is there a way to withdraw money without using ATM?
People actually act in a very opposite way. They tend to value convenience over low prices and are willing to take money out of an ATM in the middle of the night (and paying for the privilege for doing so) instead of waiting ~9 hours for the bank to open back up to be able to withdraw funds from a branch. Or even walking a few blocks to find a ATM that is owned by the bank that issued the ATM card