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.