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Consumers Switch Banks To Avoid Paying ATM Fees.

Publication: ATM & Debit News

Publication Date: 18-OCT-07

Author: Boyer, Meghan
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COPYRIGHT 2007 SourceMedia, Inc.

A significant percentage of consumers will switch their accounts to banks with conveniently located ATMs to avoid paying surcharge fees, according to survey scheduled for release later this month by Synergistics Research Corp.

Some 67% of consumers use their banks' ATMs to avoid fees, the research shows. Of those consumers, roughly 6%, or one in 20, would change banks to avoid paying fees altogether, according to "The Outlook for ATMs." Synergistics plans to release the...

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