ATM Surcharges - FEDERAL RESERVE BANK of NEW YORK

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Current Issues in Economics and Finance

ATM Surcharges

April 1998 Volume 4 Number 4

JEL classification: G21, D43

Author: James J. McAndrews

The recent spread of ATM surcharges has sparked significant debate among consumers, policymakers, and ATM owners. Much of this debate has focused on the direct costs that surcharges impose on consumers. The use of ATM surcharges, however, also raises broader questions about ATM deployment, customer convenience, and the nature of banking competition.

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6 pages / 203 kb

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