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Wyoming legislation to limit ATM surcharge fees gets turned down

March 18, 2010

Legislation to put a cap on ATM surcharge rates proposed in the state of Wyoming was turned down last month by The Wyoming House of Representatives. 
According to a news release from eGlobal, an independent ATM operator in Wyoming, H.B. 14, proposed by Rep. James Byrd, would have lowered the maximum allowable surcharge rate from $2 to $1.50.
"This legislation, if enacted into law, would have had adverse affects," said Jeff Matthews, president of eGlobal. "It would have significantly changed the landscape of the availability of ATMs in Wyoming. … A considerable number of ATMs would have been pulled from the state and convenient customer access to cash would have declined significantly. Revenues derived from ATM surcharges would have potentially dropped by 25 percent, making it impossible for ATM operators to maintain the current level of ATM service." 
EGlobal says Wyoming and Arkansas are the only U.S. states that have placed rate restrictions on ATM surcharge fees. ATM fees cannot exceed $2 in both states.

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