For two years Amerus Bank, Des Moines, beat its chest about not charging customers who use other banks' automated teller machines. Now it's beating a retreat from that policy.

"The costs of ATM usage have risen dramatically," said Marcia Hanson, president of the $1.4 billion-asset thrift, which spent $1 million on ATM fees in 1996 and $500,000 in 1995.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.