Seeking Alpha

PNC completes upgrades on ATMs

The "smart" ATMs will allow customers to cash checks and deposit checks/cash without an envelope at any hour on any day of the week. 3,600 - half of the bank's 7,200 ATMs nationwide - were upgraded.

For PNC's part, the new ATMs should help cut costs at a time of slow revenue growth. The bank notes - prior to the completion of the ATM upgrades - deposits via ATMs and the mobile app increased to 23% of deposits from 14% a year ago.

Source: Press release.

Comments (1)
  • soaker
    , contributor
    Comment (1) | Send Message
    Don't consider "smart" ATMs to be so smart. Used to deposit a handful of checks at a time in an envelope at the ATM or drivethru. Now, only make deposits inside at counter. Much quicker than depositing checks one at a time and punching in the amount, etc. for each check.
    28 Aug 2013, 09:27 AM Reply Like
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