Q. Which among the following is correct in context with the White ATMs (Automated Teller Machines) ?
Answer: ATMs not owned by banks but by private ATM service providers.
Notes: ‘White label ATM’: These are ATM’s which are not owned by banks but by private ATM service providers. Customers from any bank can deposit or
withdraw money from such ATMs. They will provide ATM services to customers of all banks. Such ATMs will be White Label Automated Teller Machines-WLAs and will provide ATM services to customers of all banks. WLA cannot charge customers.