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ATM Route Term

Fee notice

Definition

The notice owed before a fee, which the rule takes on the screen or on paper and not on a sticker.

Why It Matters

An operator may impose a fee only where the consumer was told before being committed to paying it and then chose to continue, and the rule accepts that notice either on the machine's screen or on paper. THE PLACARD IS GONE: the requirement for a sign on or at the machine came out of the rule in 2013, and the trap is that the official commentary still describes a sign that must appear in a prominent and conspicuous location. Anyone diligencing from the commentary instead of the rule will walk a fleet looking for stickers that stopped being required more than a decade ago. The screen sequence is what is worth walking, because a machine whose sequence is wrong has been collecting a fee it was not entitled to collect on every transaction for as long as nobody looked, and the exposure sits with whoever owns the route.

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