58-16-14.1: Transaction fee.
Where this section sits in the code
- Chapter 58 - Financial Institutions and Regulations
- ARTICLE 16 Remote Financial Service Units
A. A financial institution may charge a reasonable foreign transaction fee for use of an automated teller machine if the fee is disclosed:
(1) on a sign posted on the automated teller machine or in clear view of the customer while viewing the machine; or
(2) electronically during the course of the transaction in a manner that permits a customer to cancel the transaction without incurring the foreign transaction fee.
B. For the purpose of this section, "foreign transaction fee" means a fee charged for the use of an automated teller machine to a noncustomer of the financial institution that owns the machine.
Collected 2026-09-03T15:02:20Z. Source file · JSON