Citibank has partnered with Cardtronics, the world’s largest owner and operator of ATMs, to provide over 30,000 additional fee-free ATMs in major cities throughout the U.S.
Citibank has partnered with Cardtronics, the world’s largest owner and operator of ATMs, to provide over 30,000 additional fee-free ATMs in major cities throughout the U.S.The agreement between Citi and Cardtronics practically doubles Citi’s network of fee-free ATMs for account holders in a variety of retail locations, including Costco, CVS and Target. Citi is also adding fee-free ATMs to Duane Reade and Walgreens in select locations.
“By nearly doubling our network of surcharge-free ATMs, we’re making it even easier for Citibank customers to meet their banking needs on the go,” Will Howle, head of U.S. retail banking at Citi, stated in a press release.
Fees on the rise
According to Bankrate’s annual checking account survey, out-of-network ATM fees averaged $4.57 per withdrawal in 2016 — hitting a record high for the 10th year in a row.
By providing more ATM locations that allow Citi customers to perform essential banking activities free of charge — such as withdrawing cash, checking account balances and transferring funds between primary linked accounts — Citi aims to offer some welcome relief to its customers. Howle stated that Citi is committed “to delivering a higher level of value, convenience, service and expertise” to customers by offering enhanced product offerings as well as expanding its ATM network.
Reaching major metropolitan markets
The additional surcharge-free ATMs are available in most of the following store locations:
- Costco stores in Chicago, Los Angeles, Miami, New York, San Francisco and Washington, D.C.
- CVS stores in Los Angeles, Miami and San Francisco.
- Duane Reade stores in New York City.
- Target stores in New York and Washington, D.C.
Citi also plans to roll out fee-free ATMs in Chicago- and New York-based Walgreens locations later this year.
A full list of ATM locations can be viewed by visiting www.citi.com/locator, or via the Citi ATM Locator through the Citi Mobile App.