THE UNITED STATES VIRGIN ISLANDS

OFFICE OF THE LIEUTENANT GOVERNOR



DIVISION OF

BANKING AND INSURANCE



MEMORANDUM



TO: All USVI License. n-Bank ATM Operators



FROM: Gwendolyn Hz

Director, Division of Banking and Insurance



SUBJ: Increase to Maximum Non-Bank ATM Fee



DATE: October 28, 2016



As stated in the attached Bulletin, on Thursday, October 27, 2016, the Virgin Islands Banking

Board voted unanimously to increase the maximum fee charged to a consumer for usage of a Non-

Bank ATM in the Territory. The maximum fee was increased from $3.00 to $3.50 per Non-Bank

ATM transaction. As you are aware, the increased fee is not mandatory; it is the maximum fee that



can be charged and the fee charged cannot exceed $3.50 per transaction.



We, therefore, ask you to please submit to the Office of the Lieutenant Governor, Division of

Banking and Insurance by Friday, November 11, 2016, your response to the following questions:



e What will be the Non-Bank ATM fee at your location(s)?

e What will be the maximum amount of withdrawal at your Non-Bank ATM location(s)?



e If you plan to change the Non-Bank ATM fee and/or the maximum amount of withdrawal,

what will be the effective date of your action(s)?



Your timely response will be greatly appreciated. Thank you for your cooperation.



No. 5049 KONGENS GADE, * CHARLOTTE AMALIE, ST, THOMAS, USVI 00802-6487 ® PHONE: (340) 774-7166 ® FAX: (340) 774-9458

1131 KING STREET, SUITE 101 ® CHRISTIANSTED, ST. CROIX, USVI 00820 ® PHONE: (340) 773-6459 ® FAX: (340) 719-3801


Effective Date.

Change in fee shall be effective October 27, 2016.



Dated this &B day of October, 2016 at St. Thomas, U.S. Virgin Islands.



Osbert E. Potter

Lieutenant Governor/ Chairman of the Banking Board