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Are Cash Advances Required

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Can a bank offering cash advance services through Mastercard choose to stop offering that service?

No, Mastercard members are required to offer cash advance services.

Mastercard Transaction Processing Rules:

4.14 Mastercard Manual Cash Disbursement Transactions In the U.S. Region, the Rule on this subject is modified as follows:

Subject to compliance with the Standards, each Customer within the United States Region must provide cash disbursement services to all Cardholders at all of the Customer’s offices where teller services are provided.

First published on 04/07/2024

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