It costs financial institutions more if their customers perform:

Question

Quizplus · Accepted Answer

Teller transactions typically cost financial institutions more than other types of transactions because they involve more human interaction and labor. Automated transactions like those performed via ATMs, the internet, or electronic bill pay systems require less direct human involvement and are therefore less costly for banks. Check transactions, while involving some manual processing, do not generally incur the same level of cost as those requiring full teller assistance.

It Costs Financial Institutions More If Their Customers Perform