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08/11/2010 / craigmartinallen

Electronic Fund Transfers

ARTICLE

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre14.shtm
December 2006
EFT offers several services that consumers may find practical:
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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