[lucasta]

Our ATMs allow balance inquiries, transfers between accounts, and withdrawals. Would the transfers between accounts be considered a deposit taking channel that would require the FDIC digital sign be posted?

Topic

[Kimberly Boatwright, CAMS, CRCM]

Yes, it will be required at an ATM that allows for transfer between deposit accounts. You can find the FAQs here: https://www.fdic.gov/resources/deposit-insurance/questions-and-answers-related-to-the-fdics-part-328-final-rule.html#:~:text=The%20final%20rule%20requires%20that,customer%20may%20transact%20with%20deposits.

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