Banks to Avoid for ATM Operator Accounts

Due to Operation Choke Point some banks will not knowingly work with independent ATM operators and if you process your ATM transactions through an account with them, it will inevitably be shut down.

Banks to avoid:

  • Chase
  • Wells Fargo
  • Bank of America
  • Prosperity Bank
  • US Bank
  • BBVA Compass
  • Capital One

Banks to look for:

  • Small community banks / local banks
  • Regional banks
  • State-chartered banks
  • Credit unions

We recommend setting up an account with 2-3 different banks so you always have a backup bank if needed in case the primary account is shut down. The best way to build a relationship with multiple banks is by putting a large deposit in. 

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