Limits ATM fees to $1.75 per transaction in South Carolina.
The bill proposes to amend the South Carolina Code of Laws by adding a new section that restricts banks and financial institutions from charging more than $1.75 for each automated teller machine (ATM) transaction. This cap on ATM fees aims to protect consumers from excessive charges when using ATMs. The new law would take effect immediately upon approval by the Governor.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.