Conference 7.286::dcu

937.0. "Solution for branch closures like Washington ?" by CSC32::BROOK () Tue Jun 06 1995 13:28

    Presumably, where DCU installs an Automated teller in some remote
    location, it must have an agreement with a local banking organization
    to service the ATM.
    
    So, what is to stop DCU making some kind of remote servicing agreement
    for "branch" type transactions with the local banking org., for example, in
    Washington.  That way people who need certified cheques, or deposit
    cash etc can do so at a teller ... and the bank through some ID codes
    can deal with the info centre on a 1-800 # so it doesn't cost the
    remote bank some weird phone charges ?
    
    This kind of thing used to be done routinely in the UK before the
    bank giro system (by which you can not only withdraw, but also deposit
    at any branch of any bank in the UK!)  Your bank would make an
    arrangement that with specific ID, you could perform day to day banking
    transactions at a remote bank (could be different branch or different
    bank).
    
    Stuart
    

>    This kind of thing used to be done routinely in the UK before the
>    bank giro system (by which you can not only withdraw, but also deposit
>    at any branch of any bank in the UK!)  Your bank would make an
>    arrangement that with specific ID, you could perform day to day banking
>    transactions at a remote bank (could be different branch or different
>    bank).
    
That sounds like a great plan, Stuart, but I'm sure that in their wisdom,
either the banks or the government have insured that something like that
is probably illegal in the USofA.

:^)