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ATM Bersama (lit. ' Common ATMs ' ) is an interbank network in Indonesia , connecting the ATM networks of twenty-one banks. It was established 1993 and is based on the model adopted by MegaLink , an interbank network in the Philippines .
Bank Mandiri was established on 2 October 1998, and the merged banks operated effectively as a single bank starting on 31 July 1999. The name Mandiri ( Indonesian for "self-reliant" or "independent") was coined by President B. J. Habibie during his presidency, with the hope that the bank could become a self-reliant bank and encourage the people ...
The Global ATM Alliance is a joint venture of several major international banks that allows customers of their banks to use their automated teller machine (ATM) card or debit card at another bank within the alliance with no international ATM access fees. Other fees, such as an international transaction or foreign currency fee, may still apply ...
BancNet was founded on July 17, 1990, as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank (now part of PNB), Metrobank, International Exchange Bank (now part of UnionBank) and CityTrust Banking Corp. (now part of BPI) formed BancNet.
The National Financial Switch was launched by the IDRBT on 27 August 2004, connecting the ATMs of three banks, Corporation Bank, Bank of Baroda and ICICI Bank. [3] [4] [5] The IDRBT then worked towards bringing all major banks in India on board and by December 2009, the network had grown to connect 49,880 ATMs of 37 banks, thereby emerging as the largest network of shared ATMs in the country.
In 1987, Bank Niaga 1955 set itself apart from the competition when it became the first bank in Indonesia to introduce ATM services. In June 1989, Bank Niaga made an initial public offering (IPO) to be listed on the Indonesian Stock Exchange. The shares were over-subscribed by four times the issued shares at 20.9 million shares.
PT Bank Tabungan Negara (Persero) Tbk, lit."National (State) Savings Bank", abbreviated and trading as BTN (currently stylized in its logo in all-lowercase), is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.
Most white-label ATMs charge a minimum of C$1.50 per use, with a portion of that fee going to the retailer based on their involvement with the ATM. This fee is in addition to any charges imposed by the cardholder's financial institution. In India, WLAs allow ATM card holders five free transactions per month.