With the world's central planners (and their status quo hugging cronies) calling for cash bans, the soaring costs of getting one's own money appears to be a quiet form of capital control creeping up on the distracted American publi, notes Tyler Durden.
WSJ reports:
The average cost for using an automated teller machine that isn’t tied to a customer’s bank rose to a record $4.52 per transaction over the past year, according to a survey from data provider Bankrate Inc. that will be released Monday.-RW
In Atlanta and New York, the average “out-of-network” cost tops $5 and can rise to as much as $8 in some places under certain circumstances, Bankrate said.
The new average rate reflects an increase of 21% over the past five years.
That's why I always like to have about $100 in 20's and small bills in my wallet at all times (along with keeping extra cash at home).
ReplyDeleteIt amazes me how many people I know never carry cash anymore.