SUMMARY:BUSUisraisingitsATMfeesfrom$1.00to$1.

25pertransaction,eventhoughtheirATMs
alreadyprofit$2000+/year.ThisisanopenletteronbehalfofstudentsatBrockaskingthemtoreversetheir
decisionandkeepATMfeesaslowaspossibleoncampus.
To the BUSU Board of Directors,
At your board meeting on the morning of July 17th, 2014, you passed a motion to raise ATM fees from
$1/transaction to $1.25/transaction at your three automated banking machines located in General Brock,
Skybar, and just outside of Union Station. I use these ATMs on a regular basis as I am not a Scotiabank
customer.
In the explanation for this fee increase, General Manager JP said since 2008 BUSU has charged $1 per
transaction which is a really awesome deal especially considering the University charges $2/transaction at
Scotiabank...For every transaction that went through our machines, the student was charged $1. 15 cents of
that went back to BUSU...So we were getting a very minimal amount of money back ($2301 in 2012-2013)
which is fine, I mean were not really running these things as revenue generating opportunities.
Iagree.$1/transactionisanawesomedealandBUSUdoesntoperateATMstomakeprofit.Sowhyincreaseit?
BUSU VPFA Kyle Rose then went on to explain further that the machines need to hit 900 transactions
per month before the kickback to BUSU increases from .15 cents to .80 cents per transaction, but that none of
the three machines have hit that threshold in any one month. We saw that other schools were getting better
deals so it made us question our agreement...We decided to stay with our current provider and raise the fee
which is going to allow us to see more of a kickback per transaction...and were only raising it by 25 cents.
Howaboutkeepingitat$1/transactionandrunningamarketingcampaigntoadvertisethefactthatBUSUATMs
arehalfthepriceofScotiabank?Thatshouldhelpyouhit900transactions/month.
Prouse: Our contract will end in 2021, so its an additional two years on the contract and well expect
to probably get about $3600 a year in revenue instead of the $2000 a year we were getting before. In terms of
the $1/transaction...its just a very small amount of money and it hasn't been increased in a while so this is
really just to increase the amount a little bit.
BUSUisanot-for-profitUnion whose job it is to provide its services at the lowest possible cost to
students. If your ATMs arent even there to profit in the first place, and theyre ALREADY clearing $2000 in
revenue, there is absolutely no reason to increase it. Total revenue for BUSU 2014-2015 is projected at $1.7
million. Increasing this fee simply to generate $1400 in new revenue is not in students best interests.
PleasereversethisdecisionatyournextBoardmeetingandkeepBUSUsATMfeesat$1/transaction.
Sincerely,
Adam Marshall
Current Brock Undergraduate and BUSU Employee
am10py@brocku.ca