Banks still cashing in on ATM fees
Canada's New Democratic Party continues to fight the good fight against corporate greed in the form of banking fees.
Conservatives may not like it, but hopefully the other political parties will see the light.
Banks saved millions by getting rid of many bank teller positions as ATM machines made those jobs redundant. Next, they started charging clients ATM fees, allegedly to pay for installation and maintenance of those same bank machines... which should have been paid for from the savings in staff payroll.
Banks are trying to have it both ways. Up until now, it's worked, with billion-dollar profits for the leading financial institutions. It's just gouging and it should stop.
Conservatives may not like it, but hopefully the other political parties will see the light.
Banks saved millions by getting rid of many bank teller positions as ATM machines made those jobs redundant. Next, they started charging clients ATM fees, allegedly to pay for installation and maintenance of those same bank machines... which should have been paid for from the savings in staff payroll.
Banks are trying to have it both ways. Up until now, it's worked, with billion-dollar profits for the leading financial institutions. It's just gouging and it should stop.
Labels: ATM, banking fees, Conservative, NDP, Vancouver
