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#208521 - 07/07/04 07:41 PM ATM fees and other dda fees
Anonymous
Unregistered

I know that we are not obligated to refund overdraft fees on a checking account according to the SCRA but someone told a employee of one of our branches that we are required to waive ATM fees. I did not see this in the Act anywhere but I wanted to verify my conclusion.

What do you think?

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#208522 - 07/07/04 07:50 PM Re: ATM fees and other dda fees
Anonymous
Unregistered

There is absolutely no requirement that a bank waive ATM fees or any other fees for servicmembers. Having said that, if a customer has a loan that is afforded the 6% interest rate cap, this cap includes late fees and all other charges, except bona fide insurance.

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#208523 - 07/07/04 07:58 PM Re: ATM fees and other dda fees
Anonymous
Unregistered

Thanks for your quick response!

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