A bill

 

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 34-3-105 SO AS TO LIMIT FEES THAT CERTAIN BANKS OR FINANCIAL INSTITUTIONS IN THIS STATE MAY CHARGE FOR CASH TRANSFERS, DEPOSITS, OR WITHDRAWALS CONDUCTED AT AUTOMATED TELLER MACHINES.

 

Be it enacted by the General Assembly of the State of South Carolina:

 

SECTION 1.  Article 1, Chapter 3, Title 34 of the S.C. Code is amended by adding:

 

    Section 34-3-105.  A bank or financial institution doing business in this State, whose charges or fees are not regulated solely by federal law may not charge a fee in excess of $1.50 for a cash transfer, deposit, or withdrawal conducted at automated teller machines.

 

SECTION 2.  This act takes effect January 1, 2024.

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