14.8 Contract for Automated Teller Machine (ATM) Services
Policy Statement
The Office of Cash Management negotiates all ATM installations on behalf of the entire University of Illinois System, thereby taking advantage of pricing benefits resulting from pre-existing banking relationships. The Office of Treasury Operations will coordinate with each university to determine and meet its ATM needs.
Under no circumstances should a university unit contract for an ATM installation. Units do not have the authority to install an ATM without the prior approval of the Office of Treasury Operations.
Revenue generated from ATM placement on university property will be allocated to the applicable unit(s).
Reason for Policy
This policy establishes a formal process for any individual/department that requests ATM services.
Applicability of the Policy
This policy applies to all individuals and departments at the University of Illinois System who seek to have ATM services.
Procedure
To contract for automatic teller machine (ATM) services, a unit must :
- Complete and submit a Request for Automated Teller Machine (ATM) Services to Treasury Operations.
- Treasury Operations staff will review the request and work with the unit to determine which financial institution will best meet the unit’s needs