Even when an ATM is owned by a bank,states typically have special provisions that allow wider establishment of ATMs than is permissible for traditional "brick and mortar" branches.

Question

Quizplus · Accepted Answer

This statement is generally true. Many states have laws or regulations that allow for more widespread establishment of ATMs, even if they are owned by a bank. This is partly because ATMs are often seen as a convenient way for consumers to access their accounts and obtain cash without having to go to a physical bank branch. Additionally, some states may view ATMs as a way to provide financial services to underserved or low-income areas that may not have easy access to traditional banking services. However, it's important to note that there may be some exceptions or limitations to this general rule, and regulations can vary from state to state.

Even When an ATM Is Owned by a Bank,states Typically