Our bank got bought out by another bank. They fired all the nice older tellers and managers. Now tellers are young and look unhappy. The new bank has crappy reviews. I expect charges will be forthcoming.
ATM machines came out about the same time I graduated college. Banks advertised that customers would benefit because the ATM was available 24/7, and bank fees would decrease because they wouldn’t need so many tellers. ATMs started out as free…
Then, banks added ATM charges because customers should pay for the convenience. Customers balked at the charges, and they also weren’t happy that ATMs couldn’t handle all transactions – but there were few tellers so making those transactions was slow and inconvenient.
So banks worked to improve both their ATMs and their teller services… somewhat… but the fees keep multiplying… They also morphed the free ATM cards into credit and debit cards, also with multiplying fees…
Bankers were once considered admired leaders of their communities. Today?
Zykoic 21 days ago
Our bank got bought out by another bank. They fired all the nice older tellers and managers. Now tellers are young and look unhappy. The new bank has crappy reviews. I expect charges will be forthcoming.
wildlandwaters 21 days ago
and that’s the fee just to walk up to the teller and say hi… it goes up from there!
ferddo 21 days ago
ATM machines came out about the same time I graduated college. Banks advertised that customers would benefit because the ATM was available 24/7, and bank fees would decrease because they wouldn’t need so many tellers. ATMs started out as free…
Then, banks added ATM charges because customers should pay for the convenience. Customers balked at the charges, and they also weren’t happy that ATMs couldn’t handle all transactions – but there were few tellers so making those transactions was slow and inconvenient.
So banks worked to improve both their ATMs and their teller services… somewhat… but the fees keep multiplying… They also morphed the free ATM cards into credit and debit cards, also with multiplying fees…
Bankers were once considered admired leaders of their communities. Today?