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The Wall Street Publication > Blog > Markets > Gas-Station ATMs Are a Banking Battleground
Markets

Gas-Station ATMs Are a Banking Battleground

Editorial Board Published February 19, 2022
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Gas-Station ATMs Are a Banking Battleground
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Dozens of banks had rejected Ann Marie and Dan Ellis when they opened Bank of America Corp. checking accounts last February to fund their southern Arizona network of automated teller machines.

In April, the bank closed the accounts. Their money—used to fund around $450,000 in weekly customer withdrawals—was frozen. Branch managers told them to call the bank’s risk and fraud department.

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