Difference between revisions of "ATM Electronic Funds Transfer Fees"

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| <h4 align="center"><big>ATM ELECTRONIC FUNDS TRANSFER FEES</big><br /></h4>
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| '''ATM ELECTRONIC FUNDS TRANSFER FEES'''
 
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'''15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act'''<br>
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'''15 USC 1693 et. seq. - Federal Electronic Funds Transfer Act'''
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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.'''
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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>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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'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.'''
  
<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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Complaints against a bank or credit union can be filled with the '''California Department of Business Oversight:'''
  
<p>'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.</p>'''
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1-800-622-0620
  
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Call Center: (866) 275-2677
  
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(916) 327-7585
  
Complaints against a bank or credit union can be filled with the California Department of Financial Institutions:<br>
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[http://www.dbo.ca.gov/ '''www.dbo.ca.gov''']
1-800-622-0620<br>
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[http://www.dfi.ca.gov/ '''www.dfi.ca.gov''']<br>
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<p>[[file:green_arrow.jpg|link=http://www.dca.ca.gov/publications/guide/index.shtml|Consumer Resource & Referral Guide]]
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   [[file:green_arrow.jpg|link=https://www.usa.gov/federal-agencies|Directory of Federal Agencies]]
     Directory of State Agencies<br>
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     Directory of Federal Agencies  
   [[file:green_arrow.jpg|link=http://www.dca.ca.gov/consumer/links_federal.shtml|Directory of Federal Agencies]]
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     Directory of Federal Agencies<br>
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   [[file:green_dca.jpg|link=http://www.dca.ca.gov/|Return to DCA Home Page]]
 
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Latest revision as of 14:45, 11 September 2019

735-Other State Agencies

ATM ELECTRONIC FUNDS TRANSFER FEES go back


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.


Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.


Complaints against a bank or credit union can be filled with the California Department of Business Oversight:

1-800-622-0620

Call Center: (866) 275-2677

(916) 327-7585

www.dbo.ca.gov



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