An interesting article by the Magazine Focus refers to current position regarding the planned changes to cash withdrawals at ATMs with a MasterCard. As it appears customers are expected here soon to launch a significant increase, should also credit institutions will also be allowed a free hand when pricing is concerned.

Currently the situation looks like this: Who at a foreign bank wants money to do so usually with his credit card. The reason is simple and plausible: cash with ec-card beat quickly with more than four dollars to book while in cash with the MasterCard barely pays $1.20 . This resulted in the immediate past now means that more and more customers “against alien” and against the relatively low fees with their master card at the cash machines.

The pressure for the proposed changes now comes not from MasterCard itself, but from the large branch banks, which described the trend with higher fees to meet. From October the fee for cash withdrawals at automatic foreign banks to $1.70 in a first step increases. In a second step, from the year 2009 all commercial banks a free hand regarding the design fees received. There are probably more increases to fear, because commercial banks as the first charges directly to foreign clients can calculate.

The rival rejects visa fee increases still, what the future brings can be at this stage, however, do not anticipate. A possible reaction of some credit institute but could consist of no more Visa cards to accept when dealing with a lot of MasterCards that can earn more …