Chicago is My Home

09
Jun

Bank of America to Raise ATM Fees For Non-Customers to $3 on June 23, 2008

Author: Adam Fendelman, Category: Business

CHICAGO – In need of an ATM? Take note: Bank of America will begin charging non-customers a $3 fee starting on June 23, 2008 for the use of its automatic teller machines in the Chicago area.

Bank of America raised its fee from $2 to $3 nationally in Aug. 2007. It held the charge at $2 in the Chicago area, however, as it finalized its buyout of Chicago-based LaSalle Bank, according to a recent report by Crain’s Chicago Business. Stickers will be placed on ATMs to notify consumers of the increased charge.

Bank of America completed the rebranding of its newly acquired locations in May 2007. The company took down LaSalle’s green and yellow logos and replaced them with its own red and blue.

JP Morgan Chase & Co. also recently raised its non-customer ATM fee to $3. This means Chicago-area consumers will now face higher charges from the region’s two largest retail banks.

By Megan O’Neil