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#1868026 - 11/04/13 06:03 PM ATM Banking Laws
HeatherE Offline
New Poster
Joined: Nov 2013
Posts: 3
In New Jersey, must the operator of an ATM have a separate bank account for stocking/replenishing the ATM?

Thanks!

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#1868027 - 11/04/13 06:03 PM Re: ATM Banking Laws HeatherE
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
There is no state/fed requirement mandating separate accounts for ATMs.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

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#1868066 - 11/04/13 06:57 PM Re: ATM Banking Laws HeatherE
HeatherE Offline
New Poster
Joined: Nov 2013
Posts: 3
Thanks. I'm in PA and there is no such law here either, but I wasn't sure about NJ as some states do have these mandates.

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#1869667 - 11/08/13 02:00 PM Re: ATM Banking Laws HeatherE
joser Offline
Member
Joined: Sep 2005
Posts: 68
NJ
While not required a bank might impose such requirements for purposes of BSA monitoring to review settlements/cash and fees for reasonableness.

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