§ 19-3-13.2. Fee disclosures at automated teller machines.
(a) Any financial institution, credit union, or other entity operating an automated teller machine pursuant to § 19-3-13 or otherwise, that imposes directly on the machine user any fee for use of its machine to process transactions affecting accounts held by other financial institutions, credit unions, or other entities, shall provide to the machine user the following:
(1) Notice in accordance with the requirements of subsection (b); and
(2) Make available a receipt of transaction(s) in accordance with the requirements of subsection (c).
(b) The notice required under subsection (a) with respect to any fee described in that subsection shall appear by means of a display on the screen of the machine after the transaction is initiated and before the user of the machine is irrevocably committed to completing the transaction, and shall display, at a minimum, the following information:
(1) A statement that a fee is being imposed by the operator of the machine, which fee may be in addition to any fee charged by the entity holding the account;
(2) The amount of the fee; and
(3) Clear instructions on how to continue or cancel the transaction.
(c) The receipt required by subsection (a) shall be available to the machine user upon completion of transaction(s), and shall contain the following information:
(1) The amount of the withdrawal, cash advance, or payment transaction;
(2) The amount of the fee imposed by the machine operator;
(3) A statement indicating that the fee is being imposed by the machine operator;
(4) A total based upon the sum of the withdrawal, cash advance, or payment transaction and the operator’s fee; and
(5) A statement indicating how the total amount of the transaction will affect the applicable account (e.g. payment to or withdrawal from the account).
(d) Banks, credit unions, or other financial institutions that operate fifteen (15) or fewer ATM’s shall be deemed to comply with this act if they post the fees charged by a machine adjacent to the machine.
History of Section.P.L. 1997, ch. 104, § 1.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-3 - Powers and Operations
Section 19-3-1. - Law generally applicable to financial institutions.
Section 19-3-2. - Loans for which financial institution is liable.
Section 19-3-3. - Maximum aggregate liability of one person or company.
Section 19-3-4. - Loans on own shares.
Section 19-3-5. - Non-legal investments.
Section 19-3-6. - Special investments.
Section 19-3-7. - Holding or ownership of real estate.
Section 19-3-8. - Prudent person rule.
Section 19-3-9. - Financial institutions and credit unions joining Federal Reserve System.
Section 19-3-10. - Membership in federal home loan banks.
Section 19-3-11. - Reserve requirements of the Federal Reserve System.
Section 19-3-12. - Authorized reserve agents.
Section 19-3-13. - Use of electronic devices and machines.
Section 19-3-13.1. - ATM cards.
Section 19-3-13.2. - Fee disclosures at automated teller machines.