Released: September 14, 2007

Bank of America raises ATM fees to $3

Source: Associated Press [CNN Money]

Bank of America Corp. has raised surcharges for non-customers at most of its ATMs nationwide to $3 from $2.

The Charlotte-based bank, which has more than 17,000 ATMs, made the change in most markets in July and August, spokeswoman Betty Riess said.

Bank of America (Charts, Fortune 500) has the largest ATM network in the United States and the higher fees could affect millions who do not hold consumer banking accounts there.

But Riess said, “The fee itself and the amount are disclosed on the ATMs, so [customers] can opt out and cancel their transaction.”

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