SUM is an
interbank network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belon ...
in forty-two
U.S.
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
states (all except Alaska, Alabama, Delaware, Montana, Nebraska, North Dakota, South Dakota, Wyoming), the District of Columbia and Puerto Rico.
It is largely made up of smaller local banks and
credit union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including depo ...
s. Account holders at member institutions do not pay
ATM usage fees
ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users.
...
for using ATMs of any other financial institution within the network.
SUM is a product of
NYCE
The New York Currency Exchange (NYCE) is an interbank network connecting the ATMs of various financial institutions in the United States and Canada. NYCE also serves as an EFTPOS network for NYCE-linked ATM cards.
NYCE is based in Secaucus, N ...
Payments Network, LLC, an
FIS
FIS or fis may refer to:
Science and technology
* '' Fis'', an ''E. Coli'' gene
* Fis phenomenon, a phenomenon in linguistics
* F♯ (musical note)
* Flight information service, an air traffic control service
* Frame Information Structure, a Se ...
company.
See also
*
ATM usage fees
ATM usage fees are the fees that many banks and interbank networks charge for the use of their automated teller machines (ATMs). In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users.
...
References
External links
SUM Network website
Banking in the United States
Financial services companies of the United States
Interbank networks
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