{"id":187,"date":"2008-03-04T22:11:12","date_gmt":"2008-03-04T12:11:12","guid":{"rendered":"https:\/\/www.gedda.info\/?p=187"},"modified":"2008-03-04T22:11:12","modified_gmt":"2008-03-04T12:11:12","slug":"inflation-bank-style","status":"publish","type":"post","link":"https:\/\/www.gedda.info\/?p=187","title":{"rendered":"Inflation, bank style"},"content":{"rendered":"<p>I just discovered that non-<a href=\"http:\/\/www.commbank.com.au\">CBA<\/a> ATM withdrawals now cost $2.00. This is up from $1.50 since February 19, from what I can see.<\/p>\n<p>A 30 percent rise in inflation for an artificial &#8220;transaction&#8221; expense? More like plain pilfering to me.<\/p>\n<p>With the bank&#8217;s infrastructure already written down you&#8217;re telling me it &#8220;costs&#8221; the bank more to process a transaction via another financial institution&#8217;s ATM than one of its own? I highly doubt it. If anything it should cost less as you are using a competitor&#8217;s infrastructure ;-).<\/p>\n<p>Next we&#8217;ll be charged a percentage of the value of the transaction. Hey banks, people that work in IT know it doesn&#8217;t cost you any more to process a $1 transaction than it does to process a $1 billion transaction.<\/p>\n<p>I wonder how long the market will put up with transaction fees, all for the privilege of having some greedy bank earn interest on, and invest, customers&#8217; money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just discovered that non-CBA ATM withdrawals now cost $2.00. This is up from $1.50 since February 19, from what I can see. A&#8230;<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,9,10,17],"tags":[],"class_list":["post-187","post","type-post","status-publish","format-standard","hentry","category-business","category-customer-service","category-daytoday","category-it-management"],"_links":{"self":[{"href":"https:\/\/www.gedda.info\/index.php?rest_route=\/wp\/v2\/posts\/187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gedda.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gedda.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gedda.info\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gedda.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=187"}],"version-history":[{"count":0,"href":"https:\/\/www.gedda.info\/index.php?rest_route=\/wp\/v2\/posts\/187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gedda.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gedda.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gedda.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}