SB 773 -- AUTOMATED TELLER MACHINE FOREIGN ACCOUNT SURCHARGES

SPONSOR:  Dempsey (Smith, 14)

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Financial Institutions by a vote of 12 to 0.

This bill allows an owner or operator of an automated teller
machine (ATM) to charge an access fee or surcharge to an
individual conducting a transaction using a foreign bank account.
Currently, foreign banks may charge fees, but domestic ones
cannot.

FISCAL NOTE:  No impact on state funds in FY 2011, FY 2012, and
FY 2013.

PROPONENTS:  Supporters say that the bill will put foreign and
domestic banks on an equal level in regards to charging access
fees to people using a foreign bank account.

Testifying for the bill were Senator Dempsey; Missouri Bankers
Association; and Missouri Credit Union Association.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:15 pm