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The Boston Globe

Business

Bank provides college ID that doubles as ATM card

Sovereign Bank is providing smart ID cards to two colleges that will not only get students into dormitories, but may also help get Sovereign into their wallets.

The identifications, free to Wheelock College in the Fenway and Mount Ida College in Newton,will double as a Sovereign ATM card. Students don’t have to open Sovereign accounts, but as part of the agreements with the schools, Sovereign automated teller machines will be installed in student activity centers, Sovereign said Thursday.

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