Local banks see opportunity to lure customers away from mega-banks like Bank of America which are sticking new fees on ATM cards.
This is definitely one of the downsides to there being like … what, five banks now? In addition to that whole too big to fail thing.
At the moment I personally bank with Citibank. And TPM does as well. But I hear they’re getting ready to tack on new ATM fees too. It’s occurred to me to try switch these accounts to some non-mega-behemoth bank. But I don’t even have a clear idea what local/smallish banks are left in New York. Anyone got any pointers?