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The whole atm fee thing has been something that consumer advocacy groups have been screaming about for a long time. (read: Ralph Nader)
When banks first came out with ATM's, they sold their boards of directors on the capital expenditure with the explanation that they would recoup the costs through savings in teller labor, and the 24 hour banking would give them a competitive edge.
I have a pretty good deal going where I bank, I get free checking, no fees, no per check, none of that shit. And ATM transactions are free so long as I use one of my banks ATM's. (And there's enough of those around that its not often I have to use another bank's)
But when I do use another bank's, I get hit with 3.50 (2 for the bank that owns the ATM and 1.5 for my bank) That really sucks.
I know alot of people who pay $20+ per month in ATM fees.
I'm sure there will be a class action suit over this before its all said and done. You can laugh if you want but Nader sued the airlines for keeping him on hold for hours and won.
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