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HB 434

Revise banking laws relating to interactive teller machines

2025 Regular Session Introduced by Ken Walsh

Montana modernizes banking regulations to allow interactive teller machines, expanding automated financial services beyond traditional ATM capabilities.

Chapter Number Assigned
#financialinstitutions
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Bill Summary · HB 434

Legislative bill overview

HB 434 revises Montana's banking laws to modernize regulations governing interactive teller machines (ITMs)—advanced automated banking kiosks that can perform more complex transactions than traditional ATMs. The bill has been signed into law as of April 7, 2025, and establishes updated statutory framework for how these machines operate within the state's financial system.

Why is this important

As banking technology evolves, states must update their regulatory frameworks to accommodate new service delivery methods while maintaining consumer protections and financial system stability. This modernization allows financial institutions to expand customer access to banking services beyond traditional branch hours and locations, potentially improving service availability in rural or underserved areas.

Potential points of contention

  • Consumer protection standards: Unclear whether ITM regulations include the same dispute resolution and fraud protection mechanisms as in-person banking or traditional ATMs
  • Access and equity concerns: Questions about whether ITM expansion addresses banking deserts or potentially widens service gaps if machines are concentrated in profitable urban areas
  • Regulatory oversight scope: Ambiguity about which state agencies enforce compliance and what technical standards ITMs must meet for security and accessibility

Compiled from official sources — confirm details with the bill’s official record.

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