Abby (interbank network)
Encyclopedia
Abby was the name of an interbank network
connecting Hibernia National Bank
's ATMs in Louisiana
and Texas
. It also offered banking free of ATM usage fees
to several other credit union
members. Since the merger of Hibernia with Capital One
, the name "Abby ATM" is no longer used on promotional material.
Interbank network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks....
connecting Hibernia National Bank
Hibernia National Bank
Hibernia National Bank, founded in 1870, was a personal banking and commercial lending institution headquartered in New Orleans, Louisiana. It was the largest and oldest bank headquartered in the state, and also had locations in Texas, Mississippi, and Arkansas.-History:Founded by Irish immigrants...
's ATMs in Louisiana
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
and Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. It also offered banking free of ATM usage fees
ATM usage fees
ATM usage fees are the fees that many banks and interbank networks charge for the use of their Automated Teller Machines . In some cases, these fees are assessed solely for non-members of the bank; in other cases, they apply to all users...
to several other credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
members. Since the merger of Hibernia with Capital One
Capital One
Capital One Financial Corp. is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products...
, the name "Abby ATM" is no longer used on promotional material.