"Greed is Good!" - Gordon Gekko in "Wall Street" (1987)
In a move that's expected to prompt higher fees industrywide, Bank of America has raised, to $3, the amount it charges non-customers to withdraw cash from most of its ATMs.
The fee, up from $2 per withdrawal (a mere 50% increase), was quietly rolled out across the country in July and August. It's the highest such fee ever imposed nationwide by a major bank.
Because Bank of America (BAC) has the largest ATM network in the USA, the higher fees could hit millions of consumers. Guess the financial world has to do something now that the ludricous subprime market is collapsing. Bless their greedy little hearts.