WELLS FARGO ADDS ATM FEE FOR NONCLIENTS.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Not content to get you coming, Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co. has joined the growing list of banks that get you going, too. The bank is now charging non-Wells Fargo customers $1.50 to use its automatic teller machines See ATM. - a fee that comes in addition to whatever fee the customer's bank deducts. Wells Fargo is following the lead of BankAmerica Corp., which last month began charging $1.50 per cash withdrawal. For years, this form of surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. was not allowed by the industry's two giant national ATM systems, Visa's Plus ATM Network and MasterCard-Cirrus' ATM Network. But recent laws passed by 15 states, including California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , banned the policy and forced the ATM systems last spring to let banks charge the fees. Last month, a national survey of 458 ATMs by the U.S. Public Interest Research Group found that 23 percent of the machines slap a surcharge on noncustomers. The surcharges - ranging from 50 cents to $2 for each transaction - are generating $847 million in new revenues for the banks, the consumer group estimated. |
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