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NDP steps up battle against ATM fees

Party wants cap of 50 cents per transaction

The NDP is renewing its mission to cap ATM fees.

A motion calling for the cap will be debated in the House of Commons on Monday. It urges the Conservative government to take action on ATM fees in its upcoming federal budget.

Glenn Thibeault, the NDP's consumer affairs critics, says Canadians shouldn't have to pay two or three dollars to withdraw their own money from bank machines, particularly when it costs banks as little as 36 cents to complete the transaction.

The NDP proposal would cap ATM withdrawal fees at 50 cents per transaction.

During question period in the House of Commons last week, NDP Leader Tom Mulcair asked Prime Minister Stephen Harper whether the budget, to be tabled Feb. 11, will tackle the issue of ATM fees.

Mulcair asked Harper whether he'd make good on his promise in last fall's Throne Speech to rein in basic banking fees and fees at ATMs and on credit cards.

Harper responded by saying that his government has raised concerns about "certain banking fees and practices on consumers and small business." But he didn't say whether the budget would address ATM fees.

October's Throne Speech also included a pledge by the government to outlaw charges levied by banks on customers who receive paper bills. There's been no legislation, however, on the issue.

The NDP has long called for a cap of ATM fees. In 2007, former leader Jack Layton announced a national campaign to mobilize consumers in a fight against the country's big banks.

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  1. Frankie posted on 02/02/2014 01:03 PM
    How about motivating citizens to the uncontrollable government spending. That's something they have control over vs private enterprise and affects citizens a lot more than ATM fees. Why would we expect the NDP to address this vs legislation against private industry?
    1. Jack posted on 02/03/2014 08:24 AM
      @Frankie The NDP will -NEVER- address the bloated public sector or government waste; their entire platform is built on taxing hard-working citizens into poverty, so that losers on welfare can live a middle-class life they've done nothing to earn.

      The only option for any Canadian with fiscal sense and something to lose is the Conservatives.
  2. Keith m posted on 02/02/2014 06:19 PM
    Honestly if you are withdrawing so frequently that ATM fees are an issue then there are alternatives (apart from the big 5) out there that can offer good deals. I really don't see why the government has to get involved here and frankly I think the official opposition (regardless of who it is) should have bigger concerns in mind.
    1. Angry Bill posted on 02/03/2014 10:10 AM
      @Keith m If you can live without the "services" that "real" banks offer, PC Financial is great for everyday chequing account use. Zero fees, including if you withdraw from PC machines at the grocery store, or any CIBC machine, as CIBC is owned by the same people who own PC Financial.

      It is freaking awesome to pay zero banking fees. If you require business services, however, you're out of luck. You're stuck with real banks with real high fees.
  3. john posted on 02/03/2014 10:55 AM
    we should not have to pay for it period . banks are to greedy . there the reasion why stuff like bit coin is getting popular . that and the blood sucking leaches politicians and government and all the bags of scum cant touch it . lol . lol . not even your ex wife . ( hint for men who are splitting up with there wife . she is taking him to the cleaners witch is the only thing thay are good at these days . ) *cough * anyways hearing that the bankers are freaking out about bit coin makes me laugh cause thay deserve it . thay should be scard .
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