1) Off-premise A'IMS are "electronic" 1) A CN, ME, NH, RI or VT financ institution may use MU terminals. tions w/their main institution financial institution AIM INTERCHANGE State Sharing within State Michigan Mandatory sharing of offpremise EFT terminals by all state and federal financial institutions, banks, S&Ls, credit unions, consumer finance cos., or a corporation wholly owned by an institution or its holding company parent Minnesota Mandatory sharing between state and federal (w/main office in MN) banks, S&Ls and credit unions Mississippi Sharing Between States Branching 1) An off-premise device is not a branch if it is available to be shared by 2 or more financial institutions 2) EFT devices may be established on a statewide basis EFT terminals may be EFT terminals may be used Deployment of ter- Missouri 1) Off-premise CBCTS are branches 2) A bank may establish 2 Montana 1) Mandatory sharing between all state and is permitted between institutions 1) Customer of an out of-state institution may AIM INTERCHANGE State Sharing within State Sharing Between States New Mexico New York North Carolina Out-of-state financial institutions are prohibited from establishing EFT facilities in NC North Dakota The state-owned Bank of ND is authorized to provide an EFT system to its customers and to those of state and federal banks located w/in ND & other financial institutions authorized to utilize this service Ohio Prohibits out-of-state banks (no principal office in OH) from establishing or maintaining branches Branching Off-premise ATMs are branches subject to geographic restrictions 1) Permissive sharing bet ween financial institu tions unless 2) Financial institution has its main or manned branch office in the county where the terminal is located then it may only share by agreement w/a like institution Permissive sharing between state banks, savings banks & S & Ls ATMs are not branches unless they are deployed in areas protected by hane of fice laws Off-premise EFT facilities are not branches 1) Mandatory sharing is required for those devices estab'd at a distance greater than 50 mi. fram a bank's main office or closest branch, w/the local bank w/in that area. 2) Permissive sharing bet ween S & Ls Mandatory sharing between banks Off-premise facilities are not branches 1) Electronic bank ing facilities are branches 2) Statewide banking begins in 1989 |
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