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Committee hears bill to formally recognize interactive teller machines in banking code
Summary
House Bill 434 would add interactive teller machines (ITMs) to Montana’s banking statutes so they are not treated as full branches; proponents said the technology extends customer services to rural communities and mirrors FDIC guidance that ITMs need not be classified as branches.
Representative Ken Walsh opened House Bill 434 as a modernization measure to add a statutory definition for interactive teller machines, or ITMs. Walsh described an ITM as “an ATM on steroids” — an ATM-like machine with video and two‑way interaction with bank staff — and said the bill removes branch classification that triggers more onerous regulatory…
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