A bank has a stand-alone ATM in a high crime area. Due to concerns for the safety of individuals using the ATM, management decides to close it. According to branch closing policy statements issued by federal regulators, which of the following actions should the bank take?
According to federal guidelines, although an ATM is not strictly defined as a branch, for safety and transparency reasons, proper notification should be given. The best action in this scenario is to post a notice at the ATM at least 30 days before the intended closing date to inform users in advance and allow them to make alternate arrangements.
A is correct