News

PNC launches surcharge-free ATMs

August 22, 2006

PITTSBURGH - PNC Bank announced in a news release that it will begin offering its customers access to surcharge-free ATMs worldwide.

The offer is in response to consumers' feedback and will be a feature of the bank's new performance checking accounts. The new accounts will be available Aug. 27, while the surcharge-free ATM offer and rewards program are expected to begin Sept. 1.

"Our research found that consumers dislike paying for access to their own money, so we are responding with truly free ATMs," said Joseph C. Guyaux, president of PNC. "Our goal is to become the primary bank for more customers."

On average, consumers today pay $126 a year in ATM-usage fees. Total fees paid reached a record high of $4.2 billion in 2005.