Number of privately owned ABMs in Canada: More than 18,000
Number of bank-owned ABMs: 16,806
Number of privately owned ABMs put on the street since 1998: About 10,000
Number of bank-owned ABMs put on the street since 98: About 1,500
Private companies filling the void in the ABM market left by banks are exploiting vulnerable consumers by charging unacceptably high service fees.
THE DOUBLE WHAMMY
The privately run ABM industry is not government regulated.
WHAT BANKS SAY
The cost of maintaining ABMs contributes to higher service fees.
Amount privately owned ABMs charge per transaction: Up to $5.50
Amount banks charge per transaction at off-premises ABMs: Up to $4
What the transaction fee consists of: Regular account fee, Interac fee and "convenience" fee
Banks moving in on the private ABM market: Royal Bank, CIBC
Banks now charging additional fees for non-clients using their ABMs: CIBC, Scotiabank, TD Canada Trust
Banks that have introduced additional fees for non-clients at both their in-branch and off-premises ABMs: Royal Bank, National Bank
What consumers don't know: Banks already receive a portion of the Interac and "convenience" fees charged by privately owned ABMs
MONEY TO BE MADE
Number of ABM transactions in Canada last year: 1.3 billion (making Canada second in the world per capita behind Japan)
Percentage of transactions made at privately owned ABMs: More than 35
Amount retailers can make by providing privately owned ABMs at their outlets: Up to $5,000 a month
Amount retailers can make by providing bank-owned ABMs at their outlets: Up to $5,000 a year