Country ATMs charging $2.50
20 November 2009 |
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| The fee for using an independently owned ATM is on the rise in distant locations. Customers Limited, the largest owner of ATMs, says its fees are now $2.50, up from $2.00. Fees have been cut on a trial basis in select high traffic locations in the city, however.At the annual meeting of Customers held in Melbourne yesterday the managing director, Tim Wildash, said the firm increased fees to $2.50 at around 220 locations. He said fees would rise at another 300 locations, taking the number of ATMs covered by the higher price point to around 10 per cent of the fleet.Costs of servicing automatic teller machines are higher the more distant they are from city services hubs. Wildash cited the Northern Territory and northern Queensland as examples of high-cost locations.Lower fees are being tried at busy central business district locations where a Customers-owned ATM competes with ATMs owned by others. Early trends are that a fee of $1.50, 50 cents below the industry norm, does not generate increased demand.Promotion of the lower cost at this stage is limited to signing on or above the machine. Some ATM users are sensitive to price.Demand for ATMs owned by an entity other than a customer’s bank fell by more than 10 per cent when fees were introduced in March 2009 and only some of this business has returned. |
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| Source : The Sheet |
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| 30 November 2009 | - Loan repayments to go up tomorrow |
| | - Sydney property prices to slow down in 2010 |
| | - Credit card rates rise |
| | - NAB rolls out contactless Visa cards |
| | - Melbourne cracks 1000 auctions |
| | - Record set in Melbourne property sales |
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| 27 November 2009 | - Customers like St George and ING Direct |
| | - Customers like CBA, not NAB |
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| | - Special TD rates for limited time |
| | - ANZ targets Chinese Australians |
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| 26 November 2009 | - The Daily Telegraph's Home Buyer Survey |
| | - RBA likes high house prices |
| | - Sydney house prices up $39K |
| | - First home buyers need huge deposit |
| | - Big four losing mortgage marketshare |
| | - ME says beware of refinancing traps |
| | - Boomers and retirees are renovating |
| | - Farmers and bankers defaulting on ANZ loans |
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| 25 November 2009 | - NAB SMS banking looks smart |
| | - Bank deposit or bank shares? |
| | - Banks face ratings downgrade |
| | - Westpac opens new website |
| | - Banks need to come clean over Storm |
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| 24 November 2009 | - We love credit again |
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| | - CBA offers six month pre-approval |
| | - More ID checks for PayPal accounts |
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| 23 November 2009 | - UBank gives loyalty bonus for TD rollovers |
| | - RBA proposes tightening LVRs |
| | - Aussies aren’t selling their homes |
| | - Sydney auctions show improvement |
| | - Eftpos goes to the Doctor |
| | - NAB’s no-interest loans and cash for savers |
| | - ANZ’s SaverPlus giving away cash |
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| 20 November 2009 | - Plenty of competition in mortgages says RBA |
| | - Get pre-approved mortgage in five minutes |
| | - Using PayPal to buy nappies |
| | - Use your Bendigo MasterCard and win |
| | - ME personal loans very very cheap |
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| 19 November 2009 | - RBA divided on rate rises |
| | - Rents up everywhere |
| | - Interest free loans from Westpac |
| | - AMP offering bonus savings rate |
| | - Low doc loans still available - but not for long |
| | - Suncorp car loan looks competitive |
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| 18 November 2009 | - Third rate rise coming in December |
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| | - Darwin records highest rental yields |
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| | - CBA Debit MasterCard gets Applause |
| | - Young people in perpetual debt |
| | - Pay growth falls to 2.9 per cent |
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| 17 November 2009 | - Banks still raking in the fees |
| | - First home buyers need more savings |
| | - Mortgage stress on the rise again |
| | - Cash account good for super |
| | - Fix your bad credit file now |
| | - Banks and government need to work together |
| | - Bank chief’s pay to be limited |
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| 16 November 2009 | - Home renovations don’t pay off |
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| | - Melbourne auction clearances still above 70% |
| | - St George: Bank of the year |
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| | - Personal loans for any worthwhile purpose |
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| 13 November 2009 | - Online Savers slow to raise rates |
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| 12 November 2009 | - Rate rises worry consumers |
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| | - Mecu wins awards and happy customers |
| | - Macquarie cash account matches RBA rates |
| | - Credit costs to go up under new rules |
| | - CBA wants to be the good guy |
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| 11 November 2009 | - Credit unions delivering better deals |
| | - ME Bank personal loan looks cheap |
| | - Banks slug small business |
| | - RaboBank opens new Victorian branch |
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| 10 November 2009 | - Twenty new branches for St George |
| | - Heritage delays rate rises until 2010 |
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| | - Much needed home building boom arrives |
| | - Adelaide home prices booming |
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| 09 November 2009 | - Higher rates are coming soon |
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| | - There is more cash out there than ever before |
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| | - World leaders consider transaction tax |
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| 06 November 2009 | - UBank offers rate assurance on the USaver |
| | - Stevens says rates are going to keep going up |
| | - ME Bank says we have lower fees |
| | - Banks jack up margins |
| | - Super investors to get slugged |
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| 05 November 2009 | - VIDEO: InfoChoice on Today Tonight - $6bn Savings |
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| | - Westpac winning over homebuyers |
| | - RAMS delivers rate relief |
| | - Jetstar Mastercard has low rate plus rewards |
| | - Westpac challenging CBA |
| | - Bank profits down in 2009 |
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| 04 November 2009 | - Big 4 quick to move rates |
| | - Mortgage rates go up again |
| | - Deposit rates go up |
| | - The RBA signals more pain ahead |
| | - Westpac spares business from rate rise |
| | - ANZ falls back into line on rates |
| | - PayPal to take on banks in real world |
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| | - ANZ pre-paid Visa is on MySpace |
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| 03 November 2009 | - No more signatures says Visa |
| | - Netbank open for a chat |
| | - CBA pays staff to push debt |
| | - CBA sets up indigenous bankers |
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| 02 November 2009 | - Aussies are stashing their cash |
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