ATM Fees at Black and Hispanic Owned Single Market Banks: A Comparative Analysis.
This paper presents evidence regarding three types of ATM fees: foreign fees charged for use of a non-bank ATM by the bank's customers, surcharges for use of bank ATMs by non-customers, and balance inquiry charges for the bank's own customers. It is hypothesized that, among single market banks, fees...
| Publicado en: | Review of Black Political Economy Vol. 43; no. 1; pp. 69 - 85 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Sage Publications Inc.
Mar2016
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=112966507&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 112966507 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346446 BLK jtl: Review of Black Political Economy issn: 00346446 maglogo: Y pubinfo: dt: Mar2016 vid: 43 iid: 1 pid: 344 pub: Sage Publications Inc. artinfo: ui: 112966507 10.1007/s12114-015-9228-z ppf: 69 ppct: 16 formats: tig: atl: ATM Fees at Black and Hispanic Owned Single Market Banks: A Comparative Analysis. aug: au: Kashian, Russ McGregory, Richard Drago, Robert affil: Department of Economics, University of Wisconsin-Whitewater, 4304 Hyland Hall Whitewater 53190 USA Office of Multicultural Affairs, University of Wisconsin-Whitewater, 226 McCutchan Hall Whitewater 53190 USA Precision Numerics, Springfield 01108 USA su: Banking industry Economic competition Market segmentation Automated teller machines Administrative fees sug: subj: Banking industry Economic competition Market segmentation Other financial transactions processing and clearing house activities Office Equipment Merchant Wholesalers Office and store machinery and equipment merchant wholesalers Computer Terminal and Other Computer Peripheral Equipment Manufacturing Computer and peripheral equipment manufacturing Other Building Equipment Contractors All other building equipment contractors Commercial Banking Personal and commercial banking industry Other Depository Credit Intermediation Savings Institutions Automated teller machines Administrative fees keyword: ATM fees Competition Minority owned banks ATM fees Competition Minority owned banks ab: This paper presents evidence regarding three types of ATM fees: foreign fees charged for use of a non-bank ATM by the bank's customers, surcharges for use of bank ATMs by non-customers, and balance inquiry charges for the bank's own customers. It is hypothesized that, among single market banks, fees will be positively correlated with bank size, a lack of market competition, market penetration by multimarket banks, banks serving low income communities, and Black owned banks (BOBs) and Hispanic owned banks (HOBs), although banks may try to confuse depositors with fees that exhibit a low correlation, or may set low surcharges as part of a loss leader strategy. A 2013 sample of approximately 1500 single market banks, including 21 Black owned banks (BOBs) and 19 Hispanic owned banks (HOBs) is used for correlation and regression analyses. It is found that BOBs charge an average of $0.50 higher foreign fees, and are more likely to charge balance inquiry fees. We also find that larger banks tend to charge higher fees, and that banks may set higher fees where they serve disadvantaged communities of color. Surprisingly, market competition is never significantly associated with ATM fees, and there is minimal correlation across fees, and both results are consistent with banks setting fees strategically to confuse customers. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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