1、Congressional Research Service ? The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20193Updated April 19, 2001Automated Teller Machine (ATM) Fees:Legislation and Issues Pauline SmaleEconomic AnalystGovernment and Finance DivisionSummary Congressional interest in
2、the structure of fees associated with ATMs (automatedteller machines) was increased as a result of a 1996 Visa U.S.A. and MasterCardInternational decision. Effective April 1, 1996, the two companies repealed their policiesthat banned surcharges at ATMs for the national networks they operate. An ATMs
3、urcharge refers to a fee charged directly to the consumer by an ATM owner or operator,not the institution of deposit. Until this action, the great majority of ATM fees wereimposed by the account-holding institution. Pursuant to Federal Reserve Regulation E,these fees must be disclosed to the consume
4、r when an account is opened and in periodicstatements. The account-holding institution can charge its customer for using theinstitutions own ATMs. The deposit-holding institution can also charge its customer forusing another institutions or a nonbanks ATM to access funds. The surcharge fee wouldbe i
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