Do you accept this fee?

By JEFF INGLIS  |  June 22, 2011

If it’s not a bank that owns the ATM (the machine is at a convenience store, bar, or nightclub, for example), then the operator of the machine charges a fee, which is often split between the owner of the machine and the owner of the business it’s in. That money covers the purchase and operation of the machine, too, though usually those ATMs are far less sophisticated than bank-owned ones, and can generate a fair amount of cash for their owners, if they’re in high-traffic areas.  

>> READ: "Keep your money in Maine: What banking locally can do for you, for the state, and for the overall economy" by Deirdre Fulton <<

< prev  1  |  2  | 
Related: What your dollars need to know about Maine accounts, Keep your money in Maine, Solitary confinement: bad for chimps, okay for humans?, More more >
  Topics: News Features , Maine, Bangor Savings Bank, Bangor Savings Bank,  More more >
| More

Most Popular
Share this entry with Delicious
  •   PORTLAND VS. HER PEOPLE  |  March 19, 2014
    This city, which all agree is lucky to have so many options, has leaders who do not behave as if they have any choice at all. To the frustration of the citzenry, the City Council and the Planning Board often run off with the first partner who asks for a dance.
    Two bills before the Maine legislature seek to pry lessons from the hard time FairPoint has had taking over the former Verizon landline operations in Maine since 2009.
  •   BEYOND POLITICS  |  March 06, 2014
    Today’s US media environment might well seem extremely gay-friendly.
  •   THE ONLINE CHEF  |  February 27, 2014
    It turns out that home-cooked scallops are crazy-easy, super-delicious, and far cheaper than if you get them when you’re dining out.
  •   RISE OF THE E-CURRENCIES  |  February 12, 2014
    Plus: Is Rhode Island ready for Bitcoin? Two perspectives

 See all articles by: JEFF INGLIS