How to make life that bit harder

[Lilith7]

Monstrous. Some ATM's will be charging a fee to withdraw money. Because they're greedy & they can. Eastgate is one of the poorer suburbs; I wonder why they didn't try this over in Merivale or Fendalton...

Someone contacted Chris Lynch about this, whereupon it was suddenly all a terrible mistake. 

And really, it seems highly unlikely they'd be doing this unless they're making a profit.



https://www.stuff.co.nz/business/money/3...vider-says


"Banks reducing the number of cash machines they offer are creating an opportunity for private ATMs, charging higher fees, to take over – but the fees should not be as high as the $7.50 some users have spotted.

A Next-branded ATM at Christchurch shopping centre Eastgate sparked concerns at the weekend when it displayed a message telling customers they would be charged $7.50 per transaction.

Next spokesperson Wibo Basoma said that was an error. “My team put in the wrong description file.”

He said transactions would be free for the first three months, and then $2.80.

In comparison, most banks no longer charge a fee for withdrawing cash from their own ATMs or those of other banks.

“We just provide a service – the banks are pulling out and banks are reducing their footprint, that's what we are filling in,” Basoma said."

Claire Matthews, a banking expert from Massey University, said it was unlikely that private ATM providers were making big profits.

“They certainly charge higher fees – that has always been the case. I doubt that it means they are making huge profits; rather, I think it reflects the costs of running an ATM network and making a reasonable profit. Banks have probably been willing to accept a breakeven position on ATMs and have also been able to save on some location costs by having many of them in their own branches.”

https://www.chrislynchmedia.com/news-ite...ZBTiLruTqf




[b]"Shoppers at Eastgate Mall can be rest assured they won't face “obscene” ATM fees. [/b]

Over the weekend, numerous customers contacted Chris Lynch Media after encountering a surprising $7.50 transaction fee message at both Next ATM machines.
Chris Lynch Media visited the mall on Sunday and many patrons chose not to proceed with their transactions upon seeing the fee.
Christchurch City Councillor Yani Johanson, who was at the mall to investigate, described the fee as "excessive".


He commended Countdown supermarket for offering an alternative for customers to access their cash.



[b]However, Eastgate Shopping Centre Manager Karina Tainui told Chris Lynch Media the mall checked with the NEXT Payment company. [/b]

“This morning we were assured that the $7.50 charge was a screen error and on checking bank statements one should find that the $7.50 charge has not been applied.

“Next ATM's has apologied for the confusion."