SUM ATM Network - only required to have 60% of their ATMs in network

[bigrock.livejournal.com]

A friend of mine told me that there are signs at the Wainwright Bank in Davis Square stating that the ATMs there will no longer be a part of the SUM ATM Network.

Apparently, as long as 60% of a bank's ATMs are on the SUM network, they can be a member of the SUM network. (A representative from Wainwright told me this on the phone)

Is it me or is this a gaping hole in this SUM network? One of the reasons I went to Wainwright was because of the SUM network. If 40 percent of all SUM network ATMs went away, that makes it a lot more difficult to find a surcharge free ATM. It's not too difficult to make an adjustment in your daily routine; but when you're away from your normal surroundings it makes it much more difficult to find a surcharge free ATM.

Comments

[elements.livejournal.com]

Thanks for this info! I too am in the "well, I'm not personally affected right here but still it bugs me" position. I guess it violates the spirit of SUM to me... I hate to see SUM being slowly eroded.

I wonder if Wainwright, being small, simply couldn't handle the traffic that ATM must get.