Credit unions that have been partnering with Keybank for surcharge-free ATM access are looking for other partners for access after the bank sent them a letter saying that it was ending its surcharge-free access program.

The letter did not give a reason for the pullout, but its Website has reported that the bank, which reported assets of $105 billion as of the end of last year had also lost $524 million in the last quarter of last year. The bank has announced it will share is first-quarter earnings on April 21 of this year.

The bank said the ATM surcharge-free ATM access would end as of May 1.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.