A comprehensive step-by-step guide to deploying ATMs on the Bankto Global Rail. Understand licensing requirements, compliance documentation, technical integration, and BNKTO bonding processes across multiple jurisdictions.
This checklist provides general guidance only and does not constitute legal, regulatory, or financial advice. Licensing timelines, requirements, and approval processes vary by jurisdiction and are subject to change. Bankto does not guarantee regulatory approval, license issuance, or specific processing timelines. Operators are solely responsible for obtaining all required licenses and maintaining ongoing compliance with applicable laws.
Requires FinCEN MSB registration or state-level money transmitter license
State-by-state licensing required (up to 53 jurisdictions). Average processing: 12-16 weeks
Must integrate with OFAC screening and SAR filing systems
BNKTO bonding amount: 500,000 - 2,000,000 tokens (varies by deployment scale)
Requires state-specific permits. High-traffic locations (airports, malls) require additional approvals
Monthly SAR filings required. Annual license renewals. Quarterly audits
All ATM operators must acquire and bond BNKTO tokens as a non-yielding operational requirement. Bonding amounts range from 500,000 to 2,000,000 BNKTO tokens depending on deployment scale, transaction volume, and jurisdiction. Bonded tokens are held in a smart contract and may be subject to slashing for compliance violations or operational failures.
Important: BNKTO tokens are utility tokens used for network access and governance participation. Bonding does not constitute an investment, does not generate yield or revenue, and does not represent equity or profit rights in Bankto or any affiliated entity. Operators must acquire BNKTO from third-party platforms. Bankto does not sell BNKTO directly.
Submit your ATM Partner Application to start the onboarding process. Our team will review your application and guide you through each phase of deployment.
Questions? Contact our Operator Support team at [email protected]
This onboarding checklist is provided for informational purposes only and does not constitute legal, regulatory, financial, or tax advice. Licensing requirements, approval timelines, and compliance obligations vary significantly by jurisdiction and are subject to change without notice. Bankto makes no representations or warranties regarding the accuracy, completeness, or timeliness of this information. Operators are solely responsible for: (1) obtaining all required licenses and regulatory approvals, (2) maintaining ongoing compliance with applicable laws and regulations, (3) consulting with qualified legal and regulatory counsel, and (4) ensuring adequate capitalization and insurance coverage. Bankto does not guarantee regulatory approval, license issuance, or specific processing timelines. Submission of an ATM Partner Application does not guarantee acceptance into the Bankto ATM network.
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