Bank ATMs and ATM surcharges

Gowrisankaran, Gautam; Krainer, John

Journal Article

Bank ATMs and ATM surcharges

Abstract: The proliferation of ATMs and the pricing schemes that accompany them have attracted a great deal of attention from research economists, because they shed light on how banks compete against each other in the current environment. By studying the pattern of entry of ATMs in certain markets we can gain insight into the potential welfare consequences of the lifting of artificial price controls. This Economic Letter reports on recent research on bank ATMs and ATM surcharges.

Keywords: Banks and banking - Service charges; Payment systems; Automated tellers;