All Charlotte airport ATMs to remain Bank of America

CHARLOTTE, N.C. (AP) – People in need of cash in the Charlotte Douglas International Airport will continue to have one ATM option.

The Charlotte Observer reports that City Council approved a new, three-year contract with Bank of America as the airport’s exclusive ATM provider. The contract includes the possibility for two, one-year extensions.

The contract calls for Bank of America to pay the city an annual flat fee of $1.6 million, plus 75 cents for each transaction.

City officials estimate those fees from the airport’s 14 ATMs will bring in $318,750.

City Council first approved an exclusive agreement with the hometown bank in 2011. Before that, four banks had ATMs at the airport.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)