Deal gives BofA rights to Charlotte airport ATMs
CHARLOTTE, NC (AP) — A deal to give Bank of America exclusive rights to all automated teller machines at Charlotte-Douglas International Airport is expected to provide the airport with $1.6 million in annual revenue, more than twice what it now makes.
The Charlotte Observer reported that the Charlotte City Council approved the three-year deal with the bank Monday night. It takes effect in January.
The change gives travelers fewer ways to get cash without a fee. Four banks now have ATMs at the airport — Bank of America, Wells Fargo, BB&T and First Citizens. They pay rent for each location and a percentage of total receipts.
Aviation director Jerry Orr says Bank of America handles about 70 percent of ATM transaction at the airport. Other airports also have exclusive deals with banks.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
More: continued here