February 2, 2011
Chase bank is doing away with free checking. One of the reasons cited was that “It costs us a lot of money to service ATMs and provide the services that we do,” according to Chase spokeswoman Darcy Donahoe-Williams. “We need to make up for lost revenue.”
Never mind that banks put in ATMs in order to
a) lure customers with convenience and
b) save on personnel costs.
If ATMs cost too much, ditch ’em. Add jobs. Support the economy.