Search the Community
Showing results for tags 'money laundering'.
Found 1 result
Hello. I need some guidance from you guys! I'm slowly getting ready for my first ATM and I'm running into some problems with the bank. TD BANK rep said that they will NOT open an account (or close one very quick) if I decide to run my business through them. Apparently multiple deposits into my bank account, as are the case with an ATM business will throw a red flag in their system. Basically they don't want my business. It's their loss... My question- do you know any bank that will not mind if run an ATM route through them? Obviously TD BANK is out of the question. I red something about wells Fargo being ATM business friendly but I'd like to hear about your experiences with the banks that you use. Thanks in advance! On a side note, the bank rep mentioned something about money laundering being the issue. They're afraid of it so they don't wanna do business with me. I guess that could apply to all of you vending machine operators too if you make a LOT of deposits/ withdrawals in a month...