Word: atm
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Dates: during 1990-1999
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...just $5 a month, and there was no charge for using the automated teller machines. Then Manufacturers Hanover merged with Chemical Bank in 1992, after which Gordon had to keep at least $3,000 in the bank to avoid being charged each time she used the ATM system. Enough was enough. Earlier this year she took her money to a credit union where, for $2.50 a month, she can write as many checks as she wants -- even draw down her balance to zero. "I probably had $25 taken out every month at Chemical," she recalls, "before I finally said, 'This...
...bankers say they have no choice but to cover the rising costs of services and to make up for anemically low interest rates. "We are the largest branch network in New York state and the largest ATM network," says John Stack, managing director of branch banks at Chemical. "We have a superb offering to customers, which costs money, and we are in a low-interest-rate environment in which deposits are worth less to banks. When you combine those things, we must raise fees...
...issued its "Independence Card" to 170,000 households that received public aid. The cards enable recipients to shop at supermarkets such as Giant and Safeway as well as at 3,500 other stores around the state; families on welfare can also use the cards to withdraw cash from ATM machines and to pay utility bills and rent for public housing. Among other benefits, these cards have virtually eliminated the expense of preparing and distributing welfare checks...
...your friendly ATM machine refused last weekend to provide you with much needed cash, don't blame the person you sent three dozen red roses to on Valentine's Day--and who still refused to go out with you. Most probably, the negative balance in your account has been caused by all the books you bought for your classes...
...Harvard student can avoid: the Senior Gift. And other Harvard's little fundraising lackeys are starting up their juggernaut. For those who don't find the insistent and personalized dunning only slightly offensive coming from a University which in all other matters financial is an impersonal as an ATM, here's some advice...