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

This bill was last introduced in the 40th Parliament, 3rd Session, which ended in March 2011.

This bill was previously introduced in the 40th Parliament, 2nd Session.

Sponsor

Judy Wasylycia-Leis  NDP

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

Status

Introduced, as of Jan. 27, 2009
(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.

Bank ActRoutine Proceedings

January 27th, 2009 / 3:10 p.m.
See context

NDP

Judy Wasylycia-Leis NDP Winnipeg North, MB

moved for leave to introduce Bill C-255, An Act to amend the Bank Act (automated banking machine charges).

Mr. Speaker, the purpose of this bill is to amend the Bank Act to prohibit ATM fees. The bill would stop banks from charging their customers fees for transferring their money or account information through automated banking machines.

As we know, Canadian 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 and are fees that could be easily waived by the banks.

During the present economic circumstances, it is more imperative than ever that we deal with the banks that refuse to pass on relief to consumers, and the bill would do just that. It would help the government do what it promised to do but failed to do. 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)