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Electronic Banking Automated Teller Machines
Automated Teller Machines or 24-hour
Tellers are electronic terminals that let you bank almost any time. To
withdraw cash, make deposits, or transfer funds between accounts, you
generally insert an ATM card and enter your PIN. Some financial institutions
and ATM owners charge a fee, particularly to consumers who don't have
accounts with them or on transactions at remote locations. Generally, ATMs
must tell you they charge a fee and its amount on or at the terminal screen
before you complete the transaction. Check the rules of your institution and
ATMs you use to find out when or whether a fee is charged.
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Table of Contents Types of Electronic Fund Transfers
Lost or Stolen ATM or Debit Cards Limited Stop-Payment Privileges Source: Federal Trade Commission
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