FAA Investigates American Flyers

"Newps" wrote in message news:E4dqb.115094$e01.418574@attbi_s02...


Kevin McCue wrote:
They have ATM's where you can get cash to
feed the pumps.

At a buck and a half a transaction fee.

Of course, not an issue if you have a bank that rebates the ATM charges.

Ron Natalie wrote:
"Newps" wrote in message news:E4dqb.115094$e01.418574@attbi_s02...


Kevin McCue wrote:
They have ATM's where you can get cash to

feed the pumps.

At a buck and a half a transaction fee.


Of course, not an issue if you have a bank that rebates the ATM charges.


Must be an eastern thing, never heard of that.

"Newps" wrote in message news:ygdqb.113585$Fm2.101748@attbi_s04...



Must be an eastern thing, never heard of that.

Actually, it's an "internet bank" thing. Since these have no brick and mortar branches (and
hence ATM's), they will generally credit you the charges back for whatever ones you do use.

Compass Bank in AZ will rebate any bank's ATM fees.

--
Kevin McCue
KRYN
'47 Luscombe 8E
Rans S-17 (for sale)




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"Kevin McCue" wrote in message
...
Compass Bank in AZ will rebate any bank's ATM fees.


Because they own no machines outside their own locations (typically
Albertson's food stores).

"Ron Natalie" wrote in message
. ..

"Newps" wrote in message
news:ygdqb.113585$Fm2.101748@attbi_s04...



Must be an eastern thing, never heard of that.

Actually, it's an "internet bank" thing. Since these have no brick and
mortar branches (and
hence ATM's), they will generally credit you the charges back for whatever
ones you do use.

Considering it costs about $100K for each ATM, plus periodic maintenance,
it's great business sense for the eBanks to use competitors machines (which
are in place, at great cost) and just refund the fees the ATM owner charges.
Their customers would have to use EACH SINGLE ATM machine 30,000 to 50,000
times to cover the cost of having their own.

"Tom S." wrote in message ...
"Ron Natalie" wrote in message
. ..

"Newps" wrote in message
news:ygdqb.113585$Fm2.101748@attbi_s04...



Must be an eastern thing, never heard of that.

Actually, it's an "internet bank" thing. Since these have no brick and
mortar branches (and
hence ATM's), they will generally credit you the charges back for whatever
ones you do use.

Considering it costs about $100K for each ATM, plus periodic maintenance,
it's great business sense for the eBanks to use competitors machines (which
are in place, at great cost) and just refund the fees the ATM owner charges.
Their customers would have to use EACH SINGLE ATM machine 30,000 to 50,000
times to cover the cost of having their own.

Just a minor correction. It costs nowhere *near* $100,000 for an ATM.
Cash dispensers can cost as little as $10,000, while good full-service
ATMs can be had for $25,000. We just installed a new drive-through ATM
at one of our branches. Total costs for the ATM + installation came to
under $32,000. The ongoing costs are significant, but certainly not
outrageous. The breakeven numbers for cash dispensers in particular
are very low indeed.

Cheers,

Cap

"Captain Wubba" wrote in message
om...
Considering it costs about $100K for each ATM, plus periodic
maintenance,
it's great business sense for the eBanks to use competitors machines
(which
are in place, at great cost) and just refund the fees the ATM owner
charges.
Their customers would have to use EACH SINGLE ATM machine 30,000 to
50,000
times to cover the cost of having their own.

Just a minor correction. It costs nowhere *near* $100,000 for an ATM.
Cash dispensers can cost as little as $10,000, while good full-service
ATMs can be had for $25,000.

Sorry...I was using early 1990's numbers. I'm sure the price has declined
since much of the early costs were often for the secure network which is now
ubiquitous.

"Tom S." wrote in message ...

Considering it costs about $100K for each ATM, plus periodic maintenance,
it's great business sense for the eBanks to use competitors machines (which
are in place, at great cost) and just refund the fees the ATM owner charges.
Their customers would have to use EACH SINGLE ATM machine 30,000 to 50,000
times to cover the cost of having their own.

The cost would also involve finding someplace to put it. Perhaps with some national
aliance with some place like 7-11 or Exxon stations could do it, but otherwise they'd
have to real scramble to arrange with people to allow them to install these things.

By the way, I only paid $20 for my ATM, and I think I bid too high.

"Ron Natalie" wrote in message
m...

"Tom S." wrote in message
...

Considering it costs about $100K for each ATM, plus periodic
maintenance,
it's great business sense for the eBanks to use competitors machines
(which
are in place, at great cost) and just refund the fees the ATM owner
charges.
Their customers would have to use EACH SINGLE ATM machine 30,000 to
50,000
times to cover the cost of having their own.

The cost would also involve finding someplace to put it. Perhaps with
some national
aliance with some place like 7-11 or Exxon stations could do it, but
otherwise they'd
have to real scramble to arrange with people to allow them to install
these things.

By the way, I only paid $20 for my ATM, and I think I bid too high.

Does it burn your fingers?