Schumer: 72 percent of banks charge twice for ATMs

By Associated Press

Schumer: 72 percent of banks charge twice for ATMs

Posted : Dec 7, 2009 9:06 AM

Sen. Charles Schumer is objecting to banks hitting consumers with ATM fees twice per transaction - a practice he calls "double dipping."

Schumer said 72 percent of banks charge their customers whenever they use another bank's ATM, even though they're already paying a fee to the bank that owns the ATM.

Schumer says ATM fees are up almost 13 percent in the last year.

Messages left with banking industry groups were not immediately returned Sunday.

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