Difference between revisions of "ATM Electronic Funds Transfer Fees"

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<p>[[File:Whitebox.jpg|735-Other State Agencies|link=_Hint]] </p>
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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'''
  
  
<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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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>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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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>'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.</p>'''  
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'''Consumers should contact the bank, credit union, etc. which issued the card for complaints or problems.'''  
  
  
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Complaints against a bank or credit union can be filled with the '''California Department of Business Oversight:'''
  
Complaints against a bank or credit union can be filled with the California Department of Financial Institutions:<br>
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1-800-622-0620
1-800-622-0620<br>
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[http://www.dfi.ca.gov/ '''www.dfi.ca.gov''']<br>
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Call Center: (866) 275-2677
  
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(916) 327-7585
  
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[http://www.dbo.ca.gov/ '''www.dbo.ca.gov''']
  
<p>[[file:green_arrow.jpg|link=http://www.dca.ca.gov/publications/guide/index.shtml|Consumer Resource & Referral Guide]]
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    Consumer Resource & Referral Guide<br>
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   [[file:green_arrow.jpg|link=http://www.ca.gov/CaSearch/Agencies.aspx|Directory of State Agencies ]]  
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     Directory of State Agencies<br>
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   [[file:green_arrow.jpg|link=https://www.ca.gov/agencysearch/|Directory of State 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 State Agencies
     Directory of Federal Agencies<br>
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   [[file:green_arrow.jpg|link=https://www.usa.gov/federal-agencies|Directory of Federal Agencies]]
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     Directory of Federal Agencies  
 
   [[file:green_dca.jpg|link=http://www.dca.ca.gov/|Return to DCA Home Page]]
 
   [[file:green_dca.jpg|link=http://www.dca.ca.gov/|Return to DCA Home Page]]
     Return to DCA Home Page<br>
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     Return to DCA Home Page
</p>
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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



  Directory of State Agencies 
    Directory of State Agencies
  Directory of Federal Agencies
    Directory of Federal Agencies 
  Return to DCA Home Page
    Return to DCA Home Page