ATM and Cash Dispensing Machine
Operation, Registration and Transaction Fees

Remote Electronic Terminal - As Defined in Wyoming Statute 13-1-501(a)(v)   An electronic device, wherever located, through which a consumer may initiate an electronic funds transfer or may order, instruct or authorize a Wyoming financial institution or financial institution to debit or credit an account and includes an automated teller machine, an automated loan machine or any other machine or device which may be used to carry out electronic banking business.  "Remote electronic terminal" does not include point of sale terminals or telephones or personal computers operated by a consumer.

Who can operate a remote electronic terminal in the State of Wyoming?
Remote electronic terminals can be operated in the State of Wyoming by the following entities:

Wyoming financial institution - any bank, savings and loan association or trust company chartered or organized under the laws of Wyoming.

Financial institution - any bank, savings and loan association, trust company or credit union chartered or organized under the laws of any state other than Wyoming or chartered or organized under the laws of the United States.

Person - an individual, partnership, corporation or any other entity, (other than a Wyoming financial institution and financial institution as defined above). 

 

Maximum Allowable Transaction Fees  A transaction fee may be imposed up to a maximum of $2.00 per transaction as established by Rules and Regulations of the Commissioner.  (Wyoming Statute 13-1-502(f))   Chapter 3, Section 3 of the Rules and Regulations of the Commissioner establishes the maximum allowable fee at $2.00 per transaction. 

 

Transaction Fee Notification Requirements  The amount of the transaction fee that will be imposed at any remote electronic terminal must be disclosed by two methods:

1. Sign or sticker affixed to the front of the machine which is visible to the consumer when he approaches the machine, and
2. Electronic display on the screen which offers the consumer an option to cancel the transaction without incurring the transaction fee. 

 

Registration Required  All remote electronic terminals operating in the State of Wyoming shall be registered with the State Banking Commissioner.   (Wyoming Statute 13-1-502(m))  A completed registration form and registration fees of $25.00 for each machine are to be mailed to the Wyoming Division of Banking, Herschler Building, 3 East, Cheyenne, Wyoming 82002, for processing.   Registrations are renewed annually. 

Upon receipt and review of registration information, a numbered decal is mailed to the owner of the remote electronic terminal.  The decal is to be affixed to the front of the machine in a location visible to the consumer. 

 

Sponsorship Agreements  Wyoming Statute 13-1-502(j) authorizes persons (individual, partnership, corporation or any other entity other than a financial institution) to operate remote electronic terminals in Wyoming if they obtain a written sponsorship agreement with a Wyoming financial institution or a financial institution having a place of business in this state. The sponsorship agreement is to be approved by the commissioner. Persons registering their remote electronic terminals with the Division of Banking are to submit the sponsorship agreement with their registration form.  

 

Registration Form, Sponsorship Agreement Requirements, Statutes and Regulations Governing Remote Electronic Terminals

The registration form, sponsorship agreement requirements, and statutes and regulations governing remote electronic terminals are provided below in a .pdf format.  You must have Adobe Acrobat to open these files. 

 

The following forms are being provided in a .PDF format - you must have Adobe Reader to open and print these files.  You may obtain the free Adobe Reader which will let you view and print PDF files on all major computer platforms by clicking on the "Get Adobe Reader" icon below.

Remote Electronic Terminal Registration form

Remote Electronic Banking Facilities Sponsorship Agreement Requirements

Sponsorship Agreement Providers (financial institutions who have agreed to provide sponsorship agreements to noncustomers

Sample Sponsorship Agreement

Sponsorship Agreement Requirements

Wyoming Statutes Relating to Remote Electronic Banking Facilities (W.S. 13-1-501 through 13-1-502)

Chapter 3, Section 3 of the Rules and Regulations of the Commissioner - Establishes the maximum allowable transaction fee

 

List of ATM and Cash Dispensing Machines in the State of Wyoming    .pdf file      (as of April 19, 2010)

 

April 19, 2010