Canada's banks support ATM fees

Canada's banks support ATM fees
Tags: Bank / Credit Union, Distributors / ISO / IAD, North America, Other, Regulatory Issues, Retail / Off-Premises, Transaction Processing, Trends / Statistics
April 22, 2007

(Ottawa, Canada) Financial Post: Canada's chartered banks have warned MPs that lending rates will increase on personal loans, fewer ATMs will be available to consumers, and steeper charges on basic services will be implemented should Ottawa move to regulate fees on ATM transactions. Senior executives from Canada's Big Six banks made their case before the House of Commons finance committee, as the all-party group of MPs probes fees charged by banks at ATMs.