Chase removes ATM from campus
September 25, 2015
If you notice a certain hole when walking through the Danna Center that makes you do a double take, you are not alone in your confusion.
The Chase ATM that previously served Loyola students, faculty and staff is gone from its usual spot among the other ATMs. Though it was not Loyola’s decision to remove the ATM, the lack of business is why it was pulled.
Robert Reed, assistant vice president for student affairs, said that Chase contacted him, informing him they were going to remove the ATM.
“The Chase representative told me there were a couple thousand units across the country in colleges and universities because there wasn’t enough business and most of the students use their phones and weren’t using ATMs anymore,” Reed said, “So they chose to leave, we didn’t want them to leave, we didn’t ask them to leave, but they had the right to take their unit out and give us notice to leave, and that’s what they did.”
According to Reed, he has been approached with comments about students and faculty switching banks because of the removal of the Chase ATM.
“I’ve had one parent during orientation say that he was moving his account to another bank, either Whitney or Capital One because we had an ATM,” Reed said.
The closest Chase ATM to Loyola now is in Tulane’s Lavin-Bernick Center. Even though it’s a further walk, for Josh Jones III, environmental science senior, it is not a reason for him to switch banks altogether.
“It’s slightly inconvenient to have to go all the way to Tulane to use the ATM, but not enough to change banks. Mostly, I used Tulane’s ATM anyway because it also allowed me to deposit money. Though I can definitely see how it can be a hassle for other students who needed to get cash quickly and had to run all the way to Tulane to do so,” Jones said.
Davina Hatton, administrative assistant for Loyola University admissions, banks with the Tulane Loyola Federal Credit Union in addition with Chase. While she still has access with an ATM at Loyola, she will have do her banking a little differently.
“The Tulane Loyola FCC ATM charges me an ATM fee, so if I want to withdraw money without a fee I have to go to the teller in the lower level of the Student Center, which is more time consuming and has limited business hours, as opposed to 24-hour ATM access,” Hatton said.
Reed said that he doubts Chase will return to Loyola in the future.
“We did not want them to leave. I don’t think they’ll be coming back with an ATM. I’ll be surprised if they did,” said Reed.