Ontario Banks, Credit Unions Join In Surcharge-Free ATM Alliance
This province's credit unions are joining HSBC Bank Canada, The National Bank and other financial institutions on THE EXCHANGE ATM Network to expand and enhance member service. THE EXCHANGE is a shared network of ATMs across Canada that allows cardholders from any participating financial institution to access full function ATM services, including withdrawal and deposit-taking services on a surcharge-free basis. Cardholders of participating financial institutions also have access to 56,000 ATMs in the U.S. to perform withdrawal transactions without being surcharged. Several Ontario credit unions are already live on THE EXCHANGE Network; the rest will follow over the next few months. When all credit union ATMs are online with THE EXCHANGE next spring, credit union members will have convenient access to 1,700 ATMs across Canada for surcharge-free deposits and withdrawals.