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Banking For Less Change

Whether or not one approves of the recent decision of several large banks, including BankBoston, to begin charging usage fees for their automatic teller machines, it is inappropriate to have ATMs on MIT space that charge such fees. While many students do business with BankBoston, many others do business with other, smaller banks like USTrust, Cambridge Savings, and Brookline Savings and will be forced to pay to use the ATMs on the Infinite Corridor and in the Student Center.

MIT should see that these expensive ATMs are replaced with those of banks which allow anyone to use their ATMs for free or else it is doing nothing less than driving students to BankBoston. If MIT is going to try to force its students to join a particular bank, it should at least state this openly and study all of the options available.

Grant F. Gould '99