ATM FEE CAPS

Amends the Electronic Fund Transfer Act. Provides that no person operating a terminal in this State shall impose any surcharge exceeding $2 on a consumer for the usage of that terminal. Provides that no financial institution operating a terminal under the laws of this State, or that serves as a depositary of State funds as authorized by the Deposit of State Moneys Act, shall impose any surcharge exceeding $2 on a consumer for the usage of that terminal. Provides that no surcharge may be imposed unless it is first disclosed to the consumer (i) by a sign that is clearly visible to the consumer on or at the terminal being used and (ii) electronically on the terminal screen. Provides that, as used in the provision, "surcharge" means any charge imposed by the person or financial institution (instead of just the person) operating the terminal solely for the use of the terminal. Effective immediately.