The new functionality will enable cardholders at participating financial institutions to deposit checks and cash directly into select ATMs without using envelopes or deposit slips. With this addition, the surcharge-free Allpoint ATM network will facilitate both cash-in and cash-out transactions – enabling consumers to manage even more of their banking needs at convenient retail locations.
"Allpoint's surcharge-free ATMs, fixtures in many of America's most well-known retailers, have always enabled financial institutions to offer their cardholders the convenience of an expanded ATM network without sending their customers to competing financial institution branch locations. With the introduction of this deposit capability, Allpoint adds even more value to these surcharge-free ATMs, meeting consumers in retail stores that are part of their daily routine."
How it works
Once the capability is rolled out, cardholders from participating financial institutions who insert their cards at deposit-taking Allpoint machines will be given a deposit option on the initial menu. After inserting a check for deposit, cardholders will be able to view an image of it on the screen. The ATM will also print the check image on the receipt. Cardholders who deposit cash will see a tally of the denominations they inserted into the machine on their receipt.
With the introduction of deposits at select ATMs, Allpoint will offer the largest retail-based ATM deposit network in the country. Cardholders will be able to find Allpoint ATM locations where they can make deposits using the Allpoint ATM locator.
Image deposits are currently in testing, with roll-out planned for the fourth quarter of 2014.
• What is Allpoint?— http://bit.ly/WhatIsAllpoint• Allpoint ATM locator for Web — http://bit.ly/Allpoint_ATM_Locator• Allpoint ATM locator for Android — http://bit.ly/Android_Allpoint• Allpoint ATM locator for iPhone — http://bit.ly/iPhone_Allpoint
Allpoint Network is the largest surcharge-free ATM network with more than 55,000 ATMs in leading national and regional merchant locations across
Making ATM cash access convenient where people shop, work and live,
|Media Relations||Investor Relations|
|Director – Public Relations||Chief Financial Officer|