Bill

Bill > H4569


SC H4569

SC H4569
ATM fee limits


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
05/09/2024

Introduced Session

125th General Assembly

Bill Summary

A bill TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-105 SO AS TO LIMIT FEES THAT CERTAIN BANKS OR FINANCIAL INSTITUTIONS IN THIS STATE MAY CHARGE FOR CASH TRANSFERS, DEPOSITS, OR WITHDRAWALS CONDUCTED AT AUTOMATED TELLER MACHINES.

AI Summary

This bill proposes to amend the South Carolina Code of Laws to limit the fees that certain banks or financial institutions in the state can charge for cash transfers, deposits, or withdrawals conducted at automated teller machines (ATMs). Specifically, it would prohibit these institutions from charging more than $1.50 for such transactions, unless their fees are solely regulated by federal law.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Referred to Committee on Labor, Commerce and Industry (on 01/09/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Banking System and Financial Institution Regulation and Reform
  • ‐ Consumer Finance and Credit, including Credit Cards

bill text


bill summary

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bill summary

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