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There was a huge pushback from banks a few years ago when transaction fees at German ATMs were capped to (AFAIK) € 1,90. The argument from banks is that there
by majewsky 8y ago
There was a huge pushback from banks a few years ago when transaction fees at German ATMs were capped to (AFAIK) € 1,90.
The argument from banks is that there are a lot of online-only banks that rely on the ATMs of banks with physical branches in a parasitic manner.
- kazen44 8y agoin the netherlands they are trying to solve this issue by making ATM's standardized and not bank-dependant. Which seems like a far saner way to do it imo.
- hocuspocus 8y agoAnd online banks like N26 complain in turn that Germany has the most expensive ATM fees in Europe. It sounds like a bullshit argument given that operational costs for an ATM are mostly fixed.