ATM fees increase

Getting cash for Wardroom drinks will cost a bit more. Fees are going up, despite the student union’s request to keep the price low.

(Photo: Will Grootonk)

Your wallet will be feeling a bit lighter when you use the ATM below the Wardroom. King’s is no longer home to the cheapest ATM in the city.
For a year, the ATM in the basement of the A&A charged a service fee of only $1, the cheapest on the peninsula. Late this summer, that fee went up to $1.25. Direct Cash is the company that owns the ATM.
KSU Financial VP Quinn Harrington says the KSU worked hard with Direct Cash to keep the fee at $1, but was unable to maintain that low fee.
“There was a string of thefts in Ontario that affected the company,” says Harrington. “They’ve been quite good to keep the levels low, so hopefully we won’t see any higher rates.”
Harrington says the difficulties with Direct Cash are also the reason the ATM ran out of money so frequently last year.
“The company refuses to put enough cash in the box which is why we run out all the time and can’t last an early happy hour. We wish we were the ones making that call.”
The A&A service fee of $1.25 is still lower than most machines downtown, with an average service fee of $1.50 or higher in most of the downtown ATMs we surveyed.

By David J. Shuman

David is the current editor-in-chief of The Watch and writes on student issues and events. Find him on Twitter: @DavidJShuman

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