An Act to amend the Bank Act (automated banking machine charges)

This bill was last introduced in the 39th Parliament, 2nd Session, which ended in September 2008.

This bill was previously introduced in the 39th Parliament, 1st Session.

Sponsor

Judy Wasylycia-Leis  NDP

Introduced as a private member’s bill. (These don’t often become law.)

Status

Not active, as of April 19, 2007
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment prohibits a bank from making a charge for the electronic transfer of funds or the communication of account information through the use of an automated banking machine, whether the machine is owned or operated by the bank or by another person.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Financial InstitutionsOral Questions

April 20th, 2007 / 11:45 a.m.
See context

NDP

Chris Charlton NDP Hamilton Mountain, ON

Mr. Speaker, my question was not about access to ATMs. It was about the cost of that access.

Our bill, Bill C-429, demonstrates that the government does have the power to act to end ATM fees but that the minister is abdicating his responsibility to protect ordinary Canadians.

As former Prime Minister Brian Mulroney once said to John Turner, “You, sir, had a choice”. The minister is choosing not to help hard-working Canadians. He can but he will not.

Will the government do the right thing today and act on the power invested in its office?

Bank ActRoutine Proceedings

April 19th, 2007 / 10:05 a.m.
See context

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

moved for leave to introduce Bill C-429, An Act to amend the Bank Act (automated banking machine charges).

Mr. Speaker, I am very pleased to introduce this bill that would amend the Bank Act to prohibit ATM fees. The bill would prohibit banks from charging their customers fees for transferring their money or account information through automated banking machines.

Canada's banks currently charge customers these fees for accessing their own money through the bank's own ATMs, other banks' ATMs and privately owned machines. These fees, in our view, are excessive and unnecessary, especially given the huge profits of these institutions, and they are fees that could be easily waived by the banks. This bill would give average Canadians a break on their basic banking charges.

I believe all Canadians would benefit from this change, particularly those on tight budgets. I urge all members to support this initiative.

(Motions deemed adopted, bill read the first time and printed)