Webster Bank declines request to extend contract

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Webster Bank will no longer be on UConn’s Storrs campus as the bank denied their contract with the university.  Photo by    Nick Pampoukidis    on    Unsplash

Webster Bank will no longer be on UConn’s Storrs campus as the bank denied their contract with the university. Photo by Nick Pampoukidis on Unsplash

As of June, Webster Bank denied the University of Connecticut’s request to extend their contract, and removed their ATM services at the Storrs campus, UConn Law and regional campuses.  

“Webster Bank, which had maintained on-campus ATMs at UConn for a number of years, notified UConn earlier in the year that they would be removing their ATMs by June 30 at Storrs, the regional campuses and UConn Law,” said university spokeswoman Stephanie Reitz. 

The ATMs were removed due to the contract between UConn and Webster Bank expiring.  

“They were removed at the end of a contract extension, but that term had been extended once before at UConn’s request,” Reitz said. “We asked them to extend again, but this time they declined.”   

UConn has not yet figured out how they will replace the Webster ATMs.  

“The University is working to create new financial and banking relationship(s) that will include ATM services,” Reitz said. “But will not have one in place until later this calendar year.”  

The ATMs in South Dining Hall and the Student Union were removed over the summer, leaving People’s United Bank as the only on-campus ATM and banking service.  

“ATM service provided by the People’s Bank will remain on the Storrs campus inside the UConn Bookstore at the corner of Hillside Road and Jim Calhoun Way,” Reitz said.  

All types of cards are accepted at the UConn Bookstore location, not just People’s Bank cards, Reitz said.  

Webster Bank will continue to provide ATM services at UConn Health for one more year under a different agreement, Reitz said.  

Students can find a Webster Bank and ATM, as well as another People’s United Bank in Storrs Center, as well as cash back options when any purchase is made at CVS or Price Chopper.  

“I honestly don’t use the ATMs often but it is way more inconvenient to have to go off campus to get cash without any added ATM fees,” Brittany Jimena, third-semester biology major, said.  

 


Naiela Suleiman is a campus correspondent for The Daily Campus. She can be reached via email at naiela.suleiman@uconn.edu.

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