State of California California Department of Consumer Affairs

ATM Electronic Funds Transfer Fees

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(Created page with '<h4 align="center"><big>ATM ELECTRONIC FUNDS TRANSFER FEES</big></h4> 15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act<br> <p>Automated Teller Machine regulations …')
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<h4 align="center"><big>ATM ELECTRONIC FUNDS TRANSFER FEES</big></h4>  
<h4 align="center"><big>ATM ELECTRONIC FUNDS TRANSFER FEES</big></h4>  
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15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act<br>
15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act<br>
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<p>Automated Teller Machine regulations are based upon the Federal Electronic Funds Transfer Act and Federal Reserve Regulations. These laws are normally referred to as the "Consumer Bill of Rights." These statutes and regulations delineate the rights and obligations of both consumer and financial institution Electronic Funds Transfers. '''No state or federal laws dictate fee rates, so individual banks determine fees for ATM use.'''</p>
<p>Automated Teller Machine regulations are based upon the Federal Electronic Funds Transfer Act and Federal Reserve Regulations. These laws are normally referred to as the "Consumer Bill of Rights." These statutes and regulations delineate the rights and obligations of both consumer and financial institution Electronic Funds Transfers. '''No state or federal laws dictate fee rates, so individual banks determine fees for ATM use.'''</p>
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<p>When a consumer uses an ATM at a supermarket, restaurant, etc., the merchant can determine the charge deemed necessary for ATM access. It does not matter whether it is for cash or whether a purchase was made. Consumers are encouraged to shop for the best rates.</ p>  
<p>When a consumer uses an ATM at a supermarket, restaurant, etc., the merchant can determine the charge deemed necessary for ATM access. It does not matter whether it is for cash or whether a purchase was made. Consumers are encouraged to shop for the best rates.</ p>  
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<p>'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.</p>'''  
<p>'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.</p>'''  
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<p>'''Department Publications:''' None are offered by the Consumer Information Center</p>
<p>'''Department Publications:''' None are offered by the Consumer Information Center</p>
<p>'''Other Publications: '''None</p>  
<p>'''Other Publications: '''None</p>  
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<p>'''Other References:''' California Department of Financial Institutions</p><br>
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<p>'''Other References:''' California Department of Financial Institutions</p>
1-800-622-0620<br>
1-800-622-0620<br>
[http://www.dfi.ca.gov/ '''www.dfi.ca.gov''']<br>
[http://www.dfi.ca.gov/ '''www.dfi.ca.gov''']<br>
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<p>'''Other Referrals'''</p>
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Revision as of 18:20, 8 June 2010

ATM ELECTRONIC FUNDS TRANSFER FEES


15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act


Automated Teller Machine regulations are based upon the Federal Electronic Funds Transfer Act and Federal Reserve Regulations. These laws are normally referred to as the "Consumer Bill of Rights." These statutes and regulations delineate the rights and obligations of both consumer and financial institution Electronic Funds Transfers. No state or federal laws dictate fee rates, so individual banks determine fees for ATM use.

When a consumer uses an ATM at a supermarket, restaurant, etc., the merchant can determine the charge deemed necessary for ATM access. It does not matter whether it is for cash or whether a purchase was made. Consumers are encouraged to shop for the best rates.</ p> <p>Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.


Department Publications: None are offered by the Consumer Information Center

Other Publications: None

Other References: California Department of Financial Institutions

1-800-622-0620
www.dfi.ca.gov


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