Atm Fees news and trends

Mastercard and Visa Pay $197 Million to Settle ATM Suit
Legal // May 30, 2024

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees. According to court papers filed Wednesday (May 29), the two payments giants have agreed to settle the case, brought by consumers who withdrew cash from bank-operated ATMs, and...

UK Cash Points Close Ahead Of ATM Interchange Fee Drop
Banking // June 29, 2018

Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that over 500 cash points have closed this year over a five-month period to May. During that time, the number of...

Banks Waive ATM Fees For Houston Banks
Banking // August 29, 2017

With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of hurricane relief. According to news from CNBC, JPMorgan Chase, the largest bank in Houston with more than 200 branches in the area, will automatically...

ATM Surcharges a Thing of The Past For Rite Aid
Payments Innovation // July 11, 2017

Getting cash out of an ATM can sometimes be a pain when people are not near one that’s associated with their bank. Surcharge fees can pile up and sometimes dissuade people from using ATMs. Consumers visiting Rite Aid are going to see relief as the...

Quick Reads
Mastercard and Visa Pay $197 Million to Settle ATM Suit

May 30, 2024
Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees. According to court papers filed Wednesday (May 29), the two payments giants have agreed to settle the case, brought by consumers who withdrew cash from bank-operated ATMs, and who accused the companies of anti-competitive behavior by agreeing to […]

UK Cash Points Close Ahead Of ATM Interchange Fee Drop

June 29, 2018
Ahead of a planned reduction in interchange fees, which card issuers pay for cash withdrawals at ATMs in the U.K., data from LINK indicates that over 500 cash points have...

Banks Waive ATM Fees For Houston Banks

August 29, 2017
With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of hurricane relief. According to news from CNBC, JPMorgan Chase,...

Banking Customers Getting A Break On Fees

August 18, 2016
Fees are often a necessary evil, but when it comes to banking charges, consumers are getting a bit of a break this year. That’s according to the semi-annual MoneyRates Bank...