Commerce Bank Ends ATM Fees - Worldwide

Friday 18 March 2005 19:22 CET | News

Commerce Bank, Americas Most Convenient Bank, is reinventing the retail banking experience again by providing its customers with no-fee access to every automated teller machine (ATM) worldwide.

Commerce, which provides customers with free instant issue ATM /Visa Check Cards at all of its stores, already is refunding ATM surcharge fees to customers in selected new markets. In addition, the bank will now be one of the first in the nation to offer no-fee ATM service to all customers who maintain a minimum daily balance of $2,500 in their checking account. The minimum daily balance provision will be waived for the first month for new checking account customers. As of April 1, 2005, Commerce Bank will: -- end the annoying and costly surcharges that other banks impose on Commerce customers before they can use ATMs outside the Commerce network -- continue its longstanding policy of never charging Commerce customers foreign ATM fees for using machines operated by other banks According to statistics provided by FindSVP, Inc.: -- ATM users incur approximately $4.2 billion in total fees annually. -- The average ATM user incurs approximately $126 in annual usage fees. Commerce has long been known for providing customers with Americas Best Checking Account, and the addition of the no-fee ATM service makes the account an even better value. The accounts most popular features include: -- Free checking -- Free ATM / Visa Check Card -- Free online banking and bill pay service The bank also has gained worldwide recognition for reinventing retail banking by providing customers with unique services such as self-service Penny Arcade coin counting machines, which are free for both customers and non-customers, in every one of its stores.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce