Comments

You must log in or register to comment.

mrflannery420 t1_ixul884 wrote

anyone else sometimes call ATMs MAC machines?

35

SWPenn t1_ixus0l3 wrote

Still a MAC machine to me. As I leave it with money, I say, "Thanks, Mac."

6

whyverne1 t1_ixuuylx wrote

MAC won the battle but lost the war. MAC's policy was no fees for using ATMs. MAC became the most popular card. Then they were bought out by the big banks and that's why you now have fees for using an ATM.

6

whistlewhileyou t1_ixuv0xh wrote

Mellon is now BNY Mellon and doesn’t issue debit cards any longer.

2

B0bb3r7 t1_ixv2gpo wrote

How trusting they must've been to bank out of a van lurking on the street

3

rae1104 t1_ixwa92f wrote

This seems dangerous. How often did they get robbed?!

0

mmphoto412 t1_ixwdixo wrote

The example you gave was the result of mergers or takeovers.

In the case of Mellon they sold that part of the business to RBS Citizens. Also around the same time BNY sold their retail to JPMC. In 07 Mellon and BNY merged although it was really a take over from BNY.

There has been so much consolidation in the past 20 year that names don’t changes as much

2

purplegladys2022 t1_ixwgd0t wrote

But odds are your bank will charge you on their end for using another machine. Any time I don't visit my bank ATMs or take out cash when I shop I get hit coming and going, usually $2.95 from the owner of the ATM and $2.95 from my own bank. Nearly $6 a withdrawal. Shameful.

3

tesla3by3 t1_ixz2emq wrote

National City was acquired by PNC. Antitrust regulators required them to spin off about 50 branches, mostly in Pittsburgh area, where both banks had a lot of branches. First Niagara ended up acquiring about 50 branches, but PNC kept the majority outside of Pittsburgh.

1