Are there any regulations governing ATM use?

Yes, there are regulations governing ATM use in Washington. According to the Washington Department of Financial Institutions, all financial institutions that operate ATM machines must comply with the Unclaimed Property Act. This act requires all deposits made to an ATM in Washington to be held by the financial institution for at least three years. If the deposit is not claimed within that time period, the money is considered “unclaimed” and must be sent to the state Unclaimed Property Division. In addition, the Washington Department of Financial Institutions states that banks and credit unions that own or operate ATMs must clearly post the fee schedule and terms of use near the ATM. This includes the fee imposed by the financial institution for use of the ATM, the amount of any surcharge imposed by the bank or credit union, and any special conditions or limitations imposed by the financial institution. Lastly, the Washington Department of Financial Institutions states that banks and credit unions must ensure that ATMs are suitable for operation in a safe and secure environment. This includes the installation of suitable lighting and CCTV surveillance, as well as identification, access control and security systems. This ensures that ATMs are safe and secure for consumers to use.

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Are there any regulations governing ATM use?

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