JPMorgan Chase & Co. has scrapped a test of higher ATM fees it did in two states for noncustomers, a spokesman confirmed on Tuesday.
The bank had tested $4 automated teller machine withdrawal fees in Texas and $5 fees in Illinois starting in February, the spokesman said. JPMorgan Chase charges $3 in all other states.
The trial concluded at the end of March, said the spokesman, who declined to give a reason or say whether JPMorgan Chase is looking at testing higher ATM fees in other states. The fees in Texas and Illinois have gone back to $3 for noncustomers.
JPMorgan Chase and other banks have made changes in anticipation of pending caps on debit interchange fees.
In February, JPMorgan Chase stopped offering rewards to new debit customers. In March, it said rewards for current customers would end in July, explicitly blaming the Durbin amendment to the Dodd-Frank Act that mandated the debit fee caps.
A JPMorgan Chase executive recently told American Banker that it will keep its debit rewards program if the interchange caps are delayed.
