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Interesting, I didn't know that ATM charges where illegal in the US and UK. That doesn't sound like something the US or the UK would outlaw, maybe France but not them.
I can agree with Leto that opening the market to foreign competition would certainly drive the whole competition angle. But as long as the door is closed to foreign banks we can't rely on the banks to self-regulate.
It would be an interesting test of competition if one of the banks suddenly offered the ATM services for free. Would people switch banks?
Also, I seem to recall that at one time the CIBC actually gave me money (a cent or two) when I used the ATM.
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"My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars."
- Old Man Luedecke
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