Disloyalty Fee

Disloyalty Fee

A small fee that a bank customer pays for using an ATM belonging to another bank. In the United States, the disloyalty fee ranges from $2 to $5.
References in periodicals archive ?
National Australia Bank (AX: NAB) (OTC: NABZY) and Bankwest, a unit of Commonwealth Bank of Australia (CBA) (ASX: CBA), have discarded their disloyalty fee for using rival ATMs.
But customers often don't realise that they still, in some cases, face a disloyalty fee charged by their OWN bank when they use the cash machines of another.
Barclays does not charge a disloyalty fee, but had until now planned to levy a charge, estimated at about pounds 1, for non-customers using its machines from January 1.
Last month banks agreed no-one would be clobbered with a disloyalty fee and a surcharge.
50 disloyalty fee for its own customers who use rival cash machines.
He added: "It is totally unacceptable that some customers are currently being charged a disloyalty fee for withdrawing cash.
Link chief executive Mr John Hardy said the banks had agreed that where customers faced a double charge the disloyalty fee would be waived electronically.
This comes on top of the existing disloyalty fee we pay our own banks to use a rival's cashpoint.
This is on top of the existing disloyalty fee we pay our own banks to use a rival's cashpoint.
50 disloyalty fee to their own customers, but now customers could be surcharged an extra pounds 1 to use machines operated by banks.
50 disloyalty fee to their own customers and others, led by Barclays, are prepared to charge an extra pounds 1 to non-customers for using their machines.
We believe charging other banks' customers is far fairer than setting our own customers a disloyalty fee if they use another bank's ATM.