Showing posts with label check cashing. Show all posts
Showing posts with label check cashing. Show all posts

Thursday, March 24, 2016

Chicago should tax ATM fees (& check cashing fees) to fund schools

Chicago Public Schools need money to operate & pay pensions.

Proposal: tax ATM fees & similar transactions where banks (financial service companies) are charging fees for people to get their money.

For ATM fees, it should be set-up that the money is coming from the bank's revenue stream, not a cost passed on to the consumer. I propose taxing ATM fees at one level if they are not increased and at a higher level if the banks (ATM operators increase fees).