Alex Pooley's Blog

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This statistic amazed me - almost 50% of ATM transactions in Australia during August 2005 were through “other bank” ATM’s. So if you are with Westpac but used a Commonwealth Bank ATM then you would be using an “other bank” ATM. It’s suprising because other bank ATM usage usually costs a couple of dollars and I’m a scrooge when it comes to that type of thing. Anyway, I’m slowly getting the impression that the majority of people are willing to pay for convenience, even though I’d rather hike it to the nearest ATM owned by my bank to avoid paying those silly fees.