Ga. Comp. R. & Regs. R. 80-1-15-.02 - Mobile Banking Units
(1) Banks may provide unlimited banking
services through mobile banking units that do not have a single, permanent site
and use a vehicle that travels to various locations to enable customers to
conduct the business of banking.
(2) A mobile branch may provide banking
services at various regularly scheduled locations or it may be open in a
defined area at varying times and locations. If the mobile branch provides
banking services at regularly scheduled locations, then it shall be accessible
to banking customers in accordance with a published schedule available on the
bank's website. In all circumstances, each mobile branch is required to
maintain logs indicating the specific locations and times in which the mobile
unit is operating in order to track branch activities.
(3) Each bank providing mobile banking unit
services shall carry adequate fidelity, robbery, and hazard insurance coverage
commensurate with the risks associated with the operation of such
units.
(4) Disclosures shall be
given to all customers regarding when deposits will be credited and when checks
or other withdrawals will be debited.
(5) Since a mobile unit will function as a
branch, application for approval must be made as it is for all other
branches.
(6) Banks may alter the
banking service area set forth in paragraph 2 of this Rule by submitting
advance written notification to the Department.
Notes
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